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ISSAI Executive Summaries

Executive Summary:

ISSAI 5000 – Principles for Best Audit Arrangements for International Institutions


The guideline intends to enhance accountability in international institutions to meet present standards for good governance

ISSAI Category:

Level 4: Specific Auditing Guidelines - Guidelines on International Institutions

Target Group:

Heads and Audit Directors of SAIs, Auditors, Legislative Institutions, External Governmental Auditors, Internal Auditor


The standard sets up and explains seven principles for best audit arrangements for international institutions

Scope - Content:

An international institution is an organisation whether or not established by a treaty, in which two or more states (or government agencies or publicly funded bodies) are members and in which a joint financial interest is overseen by a governing body.

To be effective, the audit arrangements for international institutions should ensure that:

(1) All international institutions financed with or supported by public money should be subject to audit by supreme audit institutions, to promote better governance, transparency and accountability,

and that the external auditor:

(2) Is fully independent in the conduct of the audit,

(3) Has sufficient authority to carry out the audit in a manner that meets best practice in the audit of public money,

(4) Has adequate resources to carry out the audit,

(5) Has the right and obligation to report on the results of the audit to the member states concerned through the governing body,

(6) Meets relevant professional and ethical standards, and

(7) Is appointed in an open, fair and transparent manner.

Author - Committee:

Working Group on Audit of International Institutions


Approved at XVIIIth Congress of INTOSAI 2004


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