INTOSAI Approves Public Debt Auditing Guidance

The International Organization of Supreme Audit Institutions (INTOSAI) approved Guidance (GUID) 5250, “Guidance on the Audit of Public Debt,” at the November 2020 INTOSAI Governing Board meeting.

With 19 votes affirming the endorsement version, GUID 5250 became an official INTOSAI document and is now available in all INTOSAI languages.

A priority project for the INTOSAI Working Group on Public Debt (WGPD), GUID 5250 consolidates public debt-related provisions from previous International Standards for Supreme Audit Institutions (ISSAIs) and is aligned with ISSAI 100, “Fundamental Principles of Public Sector Auditing.”

GUID 5250 aims to effectively support INTOSAI goals and objectives to improve, develop and adopt audit guidance and contribute to independent, high-quality public debt audits.

The WGPD, led by the Philippines Commission on Audit, kicked off GUID 5250 preparations in August 2017. With four sub-task teams of 16 WGPD member-Supreme Audit Institutions (SAIs) led by the SAIs of Chile, India, Russia and the United States, GUID 5250 represents a key WGPD accomplishment.

Access the new GUID 5250 here.

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