international standards

PSC Announces Revised Standards, Establishes Networks of Translators and Liaison Officers
Post

PSC Announces Revised Standards, Establishes Networks of Translators and Liaison Officers

Two revised INTOSAI pronouncements are available at issai.org for audits of financial statements: ISSAI 200 - Financial Audit Principles, and ISSAI 2000 - Application of the Financial Audit Standards. ISSAI 200 provides the key principles for the audit of financial statements or other forms of presentation of financial information. It complements the...

PSC Meeting Highlights Efforts for Continued Improvement
Post

PSC Meeting Highlights Efforts for Continued Improvement

The PSC met virtually on October 6, 2020, to discuss past accomplishments and future initiatives with an agenda that featured such topics as strategic objectives and crosscutting priorities, international standards, the network of standards liaison officers, Technical Support Function and Strategic Development Plan (SDP) progress. In his opening remarks, Bruno Dantas...

Professional Pronouncements Framework Migration Underway
Post

Professional Pronouncements Framework Migration Underway

The International Organization of Supreme Audit Institutions (INTOSAI) established a new Framework for Professional Pronouncements (IFPP) in 2016 at the XXII INCOSAI. The IFPP aims to enhance the clarity and credibility of professional pronouncements and further the use and applicability of the International Standards of Supreme Audit Institutions (ISSAIs) as...

Capitalizing on Standards and Knowledge Sharing to Audit Disaster Recovery Efforts
Post

Capitalizing on Standards, Knowledge Sharing to Audit Disaster Recovery Efforts

In 2016, a 7.8 magnitude earthquake rocked the Ecuadorian coast, constituting one of the most catastrophic tragedies in the history of the country. The quake left 663 people dead, 6,274 injured, 80,000 people displaced, great damage to infrastructure and more than 2,300 aftershocks in the following months. Consequently, reparation measures cost approximately 3,344 USD million, challenging the...