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PSC Meeting June 2013 Jonas Hällström FAS Director

FAS Progress report. PSC Meeting June 2013 Jonas Hällström FAS Director. Work Plan. 1. Maintenance and continued development of ISSAIs on Financial Audit 2. Awareness raising 3. Contribution to the consistency in the ISSAI framework 4. Explore the need for other standards

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PSC Meeting June 2013 Jonas Hällström FAS Director

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  1. FAS Progress report PSC Meeting June 2013 Jonas Hällström FAS Director

  2. Work Plan 1. Maintenance and continued development of ISSAIs on Financial Audit 2. Awareness raising 3. Contribution to the consistency in the ISSAI framework 4. Explore the need for other standards 5. Summarize lessons learnt 6. Monitor implementation

  3. Main focuses during the last year • Harmonization Project and ISSAI 200 has been main focus for the last year • Considerable resources has been devoted to the project • On going work with ISA/PN • Identification of possible changes in existing ISSAIs • Participation in seminars • Support to IDI

  4. Developing new or updated ISSAIs • ISSAI 200 • Sweden, US and assisted by SA • PN 1610 • New PN discussed at last FAS meeting, will be up for the FAS meeting in September • PN 1720 • Work in Progress

  5. Maintenance FAS secretariat has started to identify and examine all necessary changes in the financial Audit guidelines. Such changes may be initiated due to; • Revisions or conforming changes in the ISAs after 2010 • Revisions as a consequence of the new ISSAIs on level 3 (ISSAI 200) • Amendments based on comments provided ad hoc from INTOSAI members or identified by the secretariat • All such needs for changes will be listed for FAS consideration of timing

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