EUROSAI. Magazine N18 - 2012

> 48 < ISAAI SPOTLIGHT EUROPEAN ORGANISATION OF SUPREME AUDIT INSTITUTIONS www.eurosai.org No. 18 - 2012 The ISSAI Implementation Initiative The ISSAI Implementation Initiative ( 3 i Programme) 2012 - 2014 will be planned,designed,delivered,andmonitoredby the IDI in partnership with INTOSAI Professional Standards Committee (Chair-Denmark), Subcommittee on Financial Audit (Chair-Sweden),SubcommitteeonPerformanceAudit (Chair-Brazil), Subcommittee on Compliance Audit (Chair- Norway), INTOSAI Capacity Building Committee(Chair- Morocco) and the INTOSAI Regions. The World Bank is the financing partner for phase 1 of this programme. Through the 3 i Programme, IDI would be responsible for supporting ISSAI implementation in SAIs. The implementation itself is the responsibility and decision of the SAIs. Standard setting and defining the ISSAIs would be done by the PSC and its sub committees. All 3 i Programme products are faithful to the defined ISSAIs. The programme will cover level 4 ISSAIs- pertaining to the three streams of audit, as also level 2 ISSAIs which are the prerequisites for functioning of SAIs. Programme Description Objectives of the Programme The objectives of the programme are: • The 3 i Programme planned for 2012 to 2014 will be the first phase in supporting ISSAI implementation. A long termstrategy for ISSAI implementationwill be developed. • To facilitate ISSAI implementation rollout (financial, compliance and performance audit) at regional and SAI level for developing countries of English speaking regions beginning 2012 and in Arabic, French and Spanish beginning in late 2013 . • To provide a web based knowledge sharing forum for 3 i programme and products. Strategy for programme implementation The programme implementation strategy for the 3 i Programme may be analysed at two levels: Global and Regional Level Global Public Goods The 3 i Programme would aim at creating Global Public Goods which would be used by the Public Audit community over the years to assess and refine their level of implementation of ISSAIs. iCATs as a vehicle for ISSAI implementation In order to assess ISSAI compliance at level two and level four, three teams of ISSAI experts from the sub committees and ISSAI mentors from the regions will develop ISSAI Compliance Assessment Tools (iCATs) for financial, compliance and performance audit. iCATs are tools for needs assessment vis-a-vis the SAIs. They would seek to assess the level of compliance of the SAIs with the Level 1 Founding Principles ISSAIs Level 2 Prerequisites for SAIs Level 3 Fundamental Auditing Principles Level 4 Auditing Guidelines (financial, compliance and performance audit) INTOSAI Regional Bodies E-learning Partner: UNTAR INTOSAI Capacity Building Commitee IDI World Bank INTOSAI PSC • Financial Audit SC • Performance Audit SC • Compilance Audit SC Participating SAIs n Through the 3i Programme, IDI would be responsible for supporting ISSAI implementation in SAIs. n