The ISSAIs, International Standards of Supreme Audit Institutions
The 'International Standards of Supreme Audit Institutions' ISSAI are a benchmark for auditing public entities (External Audit Standards for public entities).
The "INTOSAI Auditing Standards" had been approved by the INCOSAI in 1998 and updated in 2001. In its strategic plan 2005-2010, the INTOSAI decided to "provide an up-to-date framework of professional standards", so the INTOSAI Professional Standards Committee decided to merge the existing and new INTOSAI standards and guidelines into a framework.
The framework comprises all documents endorsed by INCOSAI with the purpose of guiding the professional standards used by SAIs
The ISSAIs can be found at INTOSAI.ORG and issai.org. The list of ISSAIs is in the table below:
- Auditing Standards (ISSAI-numbers of 3 digits) stipulate general principles and postulates for carrying out the audit work;
- Implementation Guidelines (ISSAI-numbers of 4 digits) give more detailed guidance, practical assistance to SAIs in implementing the Standards in their individual constituents.
| Hierarchical level of the text | ISSAI series | Name | Notes | Link to ISSAI document |
|---|---|---|---|---|
| Level 1: Founding Principles | ISSAI 1 | The Lima Declaration (endorsed 1977) | Comprehensive precepts on auditing in the public sector | |
| Level 2: Prerequisites | ISSAI 10-40 | Prerequisites for the Functioning of Supreme Audit Institutions | * The 'ISSAI 30' Code of Ethics is the statement of values and principles guiding the daily work of the auditors. One of the principles outlined in the Code of Ethics is the statutory auditor’s obligation to apply generally accepted auditing standards. (not to be mistaken with the AICPA's Generally accepted auditing standards) | |
| Level 3: Fundamental Auditing Principles | ISSAI 100-400 | Basic Principles, General Standards, Field Standards (endorsed 2001), and Reporting Standards | ||
| Level 4: Auditing Guidelines | ISSAI 1000-1810 | Financial Audit Guidelines | Financial_Audit_Guidelines_E.pdf | |
| ISSAI 3000-3100 | Performance Audit Guidelines | |||
| ISSAI 4000-4200 | Compliance Audit Guidelines | |||
| ISSAI 5000-5010 | Guidelines on auditing International Institutions | |||
| ISSAI 5100-5140 | Guidelines on Environmental Audit | |||
| ISSAI 5200-5240 | Guidelines on Privatisation | |||
| ISSAI 5300-5399 | guidelines on IT-audit | |||
| ISSAI 5400-5499 | Guidelines on Audit of Public Debt | |||
| ISSAI 5500-5599 | Guidelines on Audit of Disaster-related Aid | |||
| ISSAI 5600-5699 | Guidelines on Peer Reviews | |||
| Guidance for Good governance | INTOSAI GOVs 9100 - 9230 | Internal Control and Accounting Standards | www.issai.org/media(891,1033)/Internal_Control_Standards.pdf |
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