Status of all ongoing projects for the Strategic Development Plan for 2020-2022

An overview of the status of all ongoing projects for the Strategic Development Plan for 2020-2022. The figure in each project shows the progress of the project.

Component 1

Reviewing and refining the conceptual framework

About

The aim of this project is to look at the clarity (of concepts and drafting) and presentation of the framework. The review will neither question the formal requirements, nor make proposals for factual changes to the substance of those requirements (and therefore the way audits are done).

Status

The Component 1 is under development by responsible Goal Chair – PSC. For more information visit: Component I Review | Site PSC (psc-intosai.org)

The PSC Secr. has announced that FIPP will receive an update on the process shortly in order to follow due process prior to distributing a conclusion / status report to the Governing Board 2021.

Component 2

Development work on key topics

About

The experience of the SDP 2017-2019 showed the importance of projects to have detailed scoping, including a through needs assessment, before they enter due process.

This first step will comprise furthering the analysis of topics considered important by INTOSAI working bodies and SAIs in order to define the actual need and how this need can best be met. The result might be a fully developed concept for a future IFPP pronouncement or something outside the framework.

The resulting list of projects to be developed under due process should be part of the detailed work plan to be submitted to the Governing Board 2020.

Proposal from FIPP to the PSC Steering Committee and chairs of CBC and KSC resulting from component 2 of the SDP 2020-2022

These are the projects endorsed by the Governing Board in 2020:

Guidance for implementing INTOSAI P-50 Principles of SAIs of jurisdictional activities

Responsible Goal Chair: KSC – Working Group on Value and Benefits of SAIs / Forum of jurisdictional SAIs – FIPP LO: Mahmood H. Mahmood / FIPP LO Shadow: Deepak Anurag

Status

The project group are analysing and working on both project proposal and draft with an open invitation to join and discuss the process further at upcoming FIPP meetings.

New ISSAIs on quality management of SAIs (Revision of ISSAI 140)

Responsible Goal Chair: PSC  – Working group: Still to be decided – FIPP LO: Still to be decided / FIPP LO Shadow: Still to be decided.

Status

The project is pending within the PSC/FIPP – TSF have made an initial analysis – the project will be discussed at upcoming FIPP meetings 2021.

Component 3

Developing Competency Pronouncements

About

Determining the appropriate foundation for competency development in the existing standards (eg ISSAI 12, ISSAI 100) and determining whether additional requirements is necessary at the top level of the framework (foundation and or fundamentals). Definition of individual projects to develop INTOSAI professional pronouncements on the relevant competencies of auditors undertaking financial, performance and compliance audit work based on the ISSAIs. The resulting list of projects to be developed under due process should be part of the detailed work plan to be submitted to the Governing Board 2020.

Proposal from FIPP to the PSC Steering Committee and chairs of CBC and KSC resulting from component 3 of the SDP 2020-2022

Annex 1 – The Classification principles for INTOSAI Professional Pronouncements as effective from October 2020 (to be published on www.issai.org)

Annex 2 – Mark-up version showing the amendments made to the 2016-version of the classification principles (for reference in connection with endorsement of this SDP update)

These are the projects for Component 3:

Development of INTOSAI Professional Pronouncements on Auditor Competence

Responsible Goal Chair: CBC – Task-Force on INTOSAI Auditor Professionalization (TFIAP).

 – FIPP LO: Alexandra Popovic / FIPP LO Shadow: Einar Gørrissen

  • ISSAI 150 International Standard for Supreme Audit Institutions (ISSAI) 150: Auditor Competence
  • GUID 7500: Guidance on the development of competency frameworks for auditors
  • GUID 7600: Guidance on the development of pathways for professional development of auditors

Status

Project proposal – Approved by FIPP February 2021

Updated Exposure drafts with Explanatory Memorandum is planned to be placed as an agenda item for the upcoming FIPP meeting September 2021.