slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Presentation by the Accounting Chamber of Ukraine – Parallel Audit Coordinator PowerPoint Presentation
Download Presentation
Presentation by the Accounting Chamber of Ukraine – Parallel Audit Coordinator

Loading in 2 Seconds...

play fullscreen
1 / 13

Presentation by the Accounting Chamber of Ukraine – Parallel Audit Coordinator - PowerPoint PPT Presentation


  • 164 Views
  • Uploaded on

Progress Report on the Initiative: Concept Framework of Coordinated Parallel Audit of Public Debt Management Information Systems. Presentation by the Accounting Chamber of Ukraine – Parallel Audit Coordinator. Annual Meeting of the INTOSAI Working Group on Public Debt

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Presentation by the Accounting Chamber of Ukraine – Parallel Audit Coordinator' - veradis-ace


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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Progress Report

on the Initiative: Concept Framework of Coordinated Parallel Audit of Public Debt Management Information Systems

Presentation by the Accounting Chamber of Ukraine – Parallel Audit Coordinator

Annual Meeting of the INTOSAI Working Group on Public Debt

22-24 October 2014, Seoul, Korea

slide2

Preface

  • Debt management – the process of managing government’s debt to meet financing needs
  • Public Debt Management Information System (PDMIS):

- combination of software, hardware, people and communication to support debt portfolio

- integrated tool for recording, monitoring, analyzing and reporting public debt

- source for periodic statistical and financial reports about state of public debt

22-24 October 2014, Seoul, Korea

slide3

Preface (contd)

  • In 2012 SAI of Ukraine initiated to carry out a parallel audit of PDMIS
  • Focus on INTOSAI WGPD Strategic Goal 1 – Enhancement of SAIs expertise through investigation and knowledge sharing of Public Debt Auditing
  • Concept Framework of Parallel Audit was endorsed at WGPD meeting in September 2012 in Helsinki, Finland
  • 12 interested SAIs (including Mexico and Ukraine)

22-24 October 2014, Seoul, Korea

slide4

Audit Objective

  • Audit objectives are to assess whether:

- management and control processes of PDM Information System are in place

- information system has adequate general and application controls

  • Assessment of efficiency of PDM Information System - performance audit
  • Parallel audit means that SAIs adopt the same audit goals and jointly set out audit criteria

22-24 October 2014, Seoul, Korea

slide5

Kick-off Meeting

April 2013, Kyiv, Ukraine

Welcomed by Chairman of Ukrainian SAI

9 SAIs

presented

Over 30 participants

22-24 October 2014, Seoul, Korea

slide6

Kick-off Meeting (contd)

  • discussed organizational and methodological aspects of the parallel audit
  • familiarized with practices of public debt management and audit in different countries
  • shared experience on approaches applied in evaluation of information systems
  • adopted the Common Parallel Audit Programme, joined into force as of May 2013

22-24 October 2014, Seoul, Korea

slide7

Additional Overtures

  • related work plan of parallel audit was supported by WGPD in Santiago, Chile in May 2013
  • entered into cooperation with the EUROSAI IT Working Group in July 2013
  • presentation of parallel audit was submitted for consideration of EUROSAI ITWG at IT Symposium held in March 2014 in Potsdam, Germany
  • State Audit Office of Georgia joined the parallel audit project

22-24 October 2014, Seoul, Korea

slide8

Mid-Term Meeting

April 2014, Chisinau, Moldova

President of SAI Moldova Host

UNCTAD invited experts

SAI Ethiopia

special guest

10 delegations

8 participating SAIs

22-24 October 2014, Seoul, Korea

slide9

Mid-term Meeting (contd)

  • UNCTAD presented the debt management and financial analysis (DMFAS) programme
  • Participating SAIs reported on preliminary study results at national level
  • SAI Ethiopia shared PDMIS Audit Report pursuant to INTOSAI standards
  • SAI Brazil introduced updated draft Guidance on Auditing of Public Debt Information System (ISSAI 5450)

22-24 October 2014, Seoul, Korea

slide10

Lessons Learned

  • Information system is integral part of organization
  • Auditors should be aware of PDMIS type installed and its functionality
  • In some countries debt information is managed by multiple debt management units using different software
  • Most participating countries experienced DMFAS, other deploy CS-DRMS or home-grown IS
  • Principal shortcomings directly relate to lack of clear evidence-based concepts of PDMIS building

22-24 October 2014, Seoul, Korea

slide11

Work Forward

  • Carrying out principal audit testing phase at national level – from April to September 2014
  • Summarization of all major audit observations and findings – October 2014
  • Completing national audit reports and summaries – by 31 October 2014
  • Due care of confidentiality, avoid unauthorized disclosure of data

22-24 October 2014, Seoul, Korea

slide12

Work Forward (contd)

  • Summaries of national reports complement Joint Parallel Audit Report to be prepared by the SAI of Ukraine by the end of 2014
  • Collecting comments and amendments to the draft Joint Parallel Audit Report – 1-st Quarter 2015
  • Wrap-up meeting is planned to be held on March 17-18, 2015, in Tbilisi, the Republic of Georgia

22-24 October 2014, Seoul, Korea

slide13

Participating SAIs will be requested to pass a ceremony of approval the final Joint Report on Coordinated Parallel Audit of Public Debt Management Information Systems

The Accounting Chamber of Ukraine will pursue to inform the INTOSAI Working Group on Public Debt about final results of the parallel audit

Thank you !