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Benchmarking of INTOSAI’s standard-setting

PSC - INTOSAI Professional Standards Committee. Benchmarking of INTOSAI’s standard-setting. Benchmarks so far. INTOSAI IAASB (IFAC) IIA (IPPF) GAO (Yellow Book) Good practice according to INTOSAI GOV 9200 Others might follow in the future…. Elements of the benchmarking.

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Benchmarking of INTOSAI’s standard-setting

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  1. PSC - INTOSAI Professional Standards Committee Benchmarking of INTOSAI’s standard-setting

  2. Benchmarks so far • INTOSAI • IAASB (IFAC) • IIA (IPPF) • GAO (Yellow Book) • Good practice according to INTOSAI GOV 9200 • Others might follow in the future…

  3. Elements of the benchmarking • Advisorybody / stakeholder panel? • Governance / oversightbody? • Whodecides the content of the standards? • Whodevelops the standards? • Administrative support? • Financing? • Implementation? • Responsiveness? • Transparancy?

  4. Overview

  5. Keyresults I • Input from externalstakeholders • Important to all. GAO, IAASB and the IIA has formalizedtheirstakeholder input in permanent advisorybodies. Theirrolediffer; revieworcommenton the content and assesscompliancewith due process • Oversightbody • All includesome form of oversightfunction. Someoversightfunctionsincluderepresentatives of externalstakeholders.

  6. Keyresults II • Whodecides the content of the standards? • For IAASB and IIA content is decided by a boardwithpersonalmembership. In GAO content is ultimatelydecided by the Comptroller General. • Whodevelops the drafts? • Various forms of task forces orproject teams consisting of qualifiedexperts (auditing, methodologyand/or standards).

  7. Keyresults III • Administrative support? • All relyon administrative support. • Financing? • Financial models differ, but all benchmarksincludesome form of financingmostly in form of coveringtraveland accommodationcosts. • Implementation support • Implementation systems and variousimplementationtoolsare in place.

  8. Keyresults IV • Responsiveness? • Feedback systems differ; eitherbasedonquestions and responsesreceivedorbasedonmonitoring and providing inputs onneeded revisions. • Transparency? • All have exposureperiods of minimum 90 days and commentsare made public.

  9. Conclusions for inspiration… • Input from externalstakeholders and widerrecognition is important • Some form of oversight and coordination is necessary • Content of standards aredecided by experts • Standard setters recieve administrative support. • Standard settingrequiresfunding and adequateresources. Standards aredeveloped by various forms of task forces etc. • Feedback from users is important • Standard setting must be transparent • Support for implementation is crucial

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