Report of the WGPD’s Chair

10.09.2012 | ASF

Mr. Roberto Salcedo, Deputy Auditor General specialized in Performance Auditing

Superior Audit Office of Mexico

Meeting of the INTOSAI Working Group on Public Debt

Helsinki, Finland

September 10 – 12, 2012

Membership

ASF | 2

Departure

SAI of the United

Kingdom

SAI of Canada

Addition

SAI of China

SAI of Indonesia

SAI of Romania

The SAI of India, Chair of the

KSC, has asked to join the

Working Group.

Relevant Events

ASF | 3

WGPD’s Projects

and activities(since Vilnus

meeting in 2011)

Report in the 3rd Meeting of the KSC’s Steering Committee (Moscow October 2011)

62° Meeting of the INTOSAI Governing Board (Vienna October 2011)

21° OLACFES General Assembly (Caracas October 2011)

Joint Meeting of the WGPD and the Task Force Global Financial Crisis (Washington D.C. April 2012.

Relevant Events

Proper management of public debt for the world's economies.

Supreme Auditing is key for national ‘checks and balances’ systems.

Forum to share lessons learned and best practices on government audit.

Promote preventive measures to avoid future financial crises and mitigate the impact of public debt (developing countries).

ASF | 4

Relevant Events

Joint Meeting with TF

Financial Crisis

WGPD• Mission• Strategy• Activities• Products

Agreements and

coordination with TF

Complete guideline

(performance audit)

ASF | 5

Investigation Themes and Revision of ISSAIs

ASF | 6

Purpose of the Strategic Plan

Current global economic environment implication for local regional, national and supranational

WGPD’s contribution studies, analysis and investigations

Investigation Themes and Revision of ISSAIs

ASF | 7

IDI

Design and Execution of programs to strengthen capacities for the sound public debt management Transregional programs for capacity building.

Reference WGPD’s Products and experts’ cooperation.

Strengthen the analysis through investigation themes relevant to the public debt auditing guidelines with solid technical arguments, accessible and understandable to all SAIs

Conclude process regarding the study of ISSAIs published by the WG validity of contents and undertake updates to guarantee the products’ utility (INTOSAI members’ advantage).

Investigation Themes and Revision of ISSAIs

ASF | 8

Investigation Themes and Revision of ISSAIsInvestigation Themes’ Process

ASF | 9

•Impact of financial crises on public debtEUA

•Evaluation of information systems related to public debt managementBrasil•Public Debt Management OfficeMexico

Due Process present as ISSAIs in the XXI INCOSAI (China)

Investigation Themes and Revision of ISSAIsInvestigation Themes’ Process

ASF | 10

Ukraine “Contigent Debt”Initiative: parallel

audits

ASF | 11

Investigation Themes and Revision of ISSAIsInvestigation Themes’ Process

Ongoing Investiga

tion Themes

•“Risk assessment and reduction of probable effects on debt structure” (SAI of Yemen)•“Assessment of human resources employed in debt contracting” (SAI of Fiji)

ASF | 12

Investigation Themes and Revision of ISSAIsInvestigation Themes’ Process

ASF | 13

Investigation Themes and Revision of ISSAIsRevision’s Process

SAI of Portugal and SAI of Mexico

Meeting in Vilnius (2011)

Joint Report on preliminary revision of the WGPD’s ISSAIs

Specific revision scheme for each product Leader SAI (investigation theme) and volunteers

Opinions: SAIs of Canada, USA, Mexico and Portugal Comments & Contibution: SAIs of Austria, China, Lithuania, Moldova and Zambia

ASF | 14

WGPD’s Strategic PlanUpdate

(anticipate and analyze)

2007 - 2012

SAIs of Austria, Lithuania,

Portugal and Mexico

Updating process (aligned with

INTOSAI Strategic Plan 2011-2016)

ASF | 15

WGPD’s ImpactProposal to evaluate the impact of our work in the INTOSAI community

ASF | 16

INTOSAI Glossary

Mexican SAI Project (2009)

WGPD

Provided terms related to public debt audit

Additional terminology (members’ approval)

ASF | 17

Network of Experts on Public Debt

Registration of experts on public debt auditing (design and implement trainning programs)

Information update and/or complete pendant information

ASF | 18

WGPD’s Terms of Reference

Minor modifications because of changes in

membership and

adaptations

Improve the collaborative work of

the Working Group

ASF | 19

SAI’s Information Database

Developed by a Task Force (Goal 3)

Official presentation in the XXI INCOSAI (China)