1 / 9

Information on the INTOSAI Public Debt Working Group

First Meeting of the Steering Committee Knowledge Sharing Committee INTOSAI Strategic Goal 3 New Delhi, India March 5-6, 2009. Information on the INTOSAI Public Debt Working Group. Background Information.

kstella
Download Presentation

Information on the INTOSAI Public Debt Working Group

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. First Meeting of the Steering CommitteeKnowledge Sharing CommitteeINTOSAI Strategic Goal 3New Delhi, IndiaMarch 5-6, 2009 Information on the INTOSAI Public Debt Working Group

  2. Background Information • Strong interest in public debt matters shown by members of INTOSAI during the XIII INCOSAI (Berlin, Germany, 1989). • INTOSAI Governing Board -at its 35th meeting (October 1991)- authorized the PDWG’s creation with the following purpose: "To publish guidelines and other informational materials to be used by Supreme Audit Institutions to encourage the proper reporting and sound public debt management"

  3. Objectives The Public Debt WorkingGroup’s objectives are: • To prepare and publish guidelines and other materials to be used by SAIs in order to encourage the proper reporting and sound management of public debt; • To identify key issues for the development of responsibilities and procedures for auditing and evaluating public debt commitments; • To prepare papers examining matters on public debt definition, reporting and assessment; • To exchange knowledge with other institutions dealing with public debt issues; • To promote the preparation of studies and papers related to the Working Group’s mandate.

  4. Strategic Plan 2007-2012 • In accordance with the INTOSAI Strategic Plan 2005-2010 • Aimed at supporting the increasing demands and expectations faced by the SAI community when auditing public debt issues and influencing debt management practices. • Guidance for the PDWG activities in the years ahead. • Lists a series of activities that should be undertaken in order to become the “champion” of public debt auditing issues and promote sound debt management practices for the supreme audit institutions (SAIs) community during the 2007–12 period. • Contains the PDWG’s Mission Statement, Vision Statement, and two strategic goals supporting the mission and vision statements: • Capacity building and enhancing SAI expertise, and • Strengthening the Working Group’s capabilities and measuring its impact.

  5. Membership • 17 SAI members • Mexico (Chair), Argentina, Austria, Brazil, Bulgaria, Canada, Fiji, Gabon, Korea, Lithuania, Portugal, Russian Federation, Sweden, Ukraine, United Kingdom, United States of America, and Zambia. • 5 observer SAIs: • Chile, Egypt, Finland, Jordan, and Yemen. • INTOSAI Development Initiative. • Chair Information: Mr. Arturo González de Aragón, C.P.A. Auditor Superior de la Federación Auditor General of Mexico intosaipdc@intosaipdc.org.mx www.intosaipdc.org.mx

  6. Products • Guidance on the Reporting of Public Debt • Guidance for Planning and Conducting an Audit of Internal Controls of Public Debt (ISSAI 5410) • Public Debt Management and Fiscal Vulnerability: Potential Roles for SAIs (ISSAI 5420) • Guidance on Definition and Disclosure of Public Debt (ISSAI 5421) • An Exercise of Reference Terms to Carry Out Performance Audit of Public Debt (ISSAI 5422) • Fiscal Exposures: Implications for Debt Management and the Role for SAIs (ISSAI 5430) • Guidance for Conducting a Public Debt Audit - The Use of Substantive Tests in Financial Audits (ISSAI 5440) Other publications, such as guidelines, case studies, paradigmatic audits, speeches, reports and surveys are posted on the PDWG Website www.intosaipdc.org.mx

  7. Current Activities • Annual working meetings • Last meeting: Nadi, Fiji July 24-25, 2008 • Upcoming: Ukraine 2009 Yemen 2010 Lithuania 2011 • Member’s analysis and feedback to enhance the PDWG’s Strategic Plan so as to include the recommendations on Public Debt of the XIX INCOSAI • Development of a database with experts on Public Debt Auditing for the IDI to design and carry out activities on capacity building within the INTOSAI. • Participation with IDI and UNCTAD for the implementation of the Trans-regional Capacity Building Program for Audit of Public Debt Management. • PDWG’s initiative to offer this program to ARABOSAI community

  8. Current Activities • Investigation Themes under development • Public Debt Indicators • Public Debt Management Office • Contingent Debt • Impact of financial crises on public debt • Public bidding and adjudication for the recruitment of agents, bond and stock brokers • Assessment of human resources employed in debt contracting • Risk assessment and reduction of probable effects on debt structure • Evaluation of information systems related to public debt management • Extraordinary income analysis and its use to ameliorate external public debt • Adequacy of regulatory framework: of the financial services sector: impact on contingent liabilities and public debt

  9. Further Information • Website: • www.intosaipdc.org.mx • For further information, please contact the PDWG Secretariat: intosaipdc@intosaipdc.org.mx bfuentes@asf.gob.mx

More Related