ISSAI Executive Summaries
ISSAI 5240 – Guideline on Best Practice for the Audit of Risk in Public/Private Partnership (PPP)
These guidelines identify key risks facing both the state and the SAI in auditing PPPs and how they can be managed. A range of examples from the work of member SAIs supports the guidelines.
|Level 4: Specific Auditing Guidelines - Guidelines on Privatisation|
Heads and Audit Directors of SAIs, External Governmental Auditors, Internal Auditors
The common factor in all PPP-models is that the state delegates elements of control over service delivery to a private sector entity. This delegation entails risks, both to the quality of service and to the state’s investment.
Given the many types of PPP that are emerging, the guidelines cannot deal with every risk that may arise. The guidelines therefore take a practical approach, outlining how risks can be managed with illustrations drawn from the experiences of Group members.
Scope - Content:
The guidelines are set up in two parts. Part I deals with the key risks and their management facing the state:
Part II refers to the risks facing the SAI auditing PPPs:
The annex of the document provides illustrations of risk and good practice in managing risks based on examples from the work of member SAIs.
Author - Committee:
INTOSAI Working Group on the Audit of Privatisation
Approved at XVIIIth Congress of INTOSAI, Budapest 2004
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