Links

Document Search

International Journal

ISSAI Executive Summaries

Executive Summary:

ISSAI 5440 – Guidance for Conducting a Public Debt Audit – The Use of Substantive Tests in Financial Audits

Purpose:

The guide seeks to increase SAIs capacity by providing a general framework that can be used to approach the audit of public debt and specific advice on how to conduct substantive audit tests.

ISSAI Category:

Level 4: Specific Auditing Guidelines - Guidelines on Audit of Public Debt

Target Group:

Heads and Audit Directors of SAIs, External Governmental Auditors, Internal Auditors

Principle:

The guide is designed to be relevant and accessible to a wide audience. Information is presented in general terms to identify concepts and issues that auditors can consider when examining public debt.  

Scope - Content:

The guide is organized around INTOSAI field standard requirements. Each field standard is considered in turn to provide a structured approach to the complete audit process.

The document consists of four parts:

  • Elements of public debt management
  • Application of INTOSAI Auditing Standards to public debt audits
  • Application of substantive audit test in public debt audits
  • Substantive audit tests for derivatives
Author - Committee:

INTOSAI Committee on Public Debt

Status:

Approved at XIXth Congress of INTOSAI, Mexico 2007

Download:

http://www.issai.org/en_us/site-issai/issai-framework/4-auditing-guidelines.htm

Related Documents - Executive Summaries:

ISSAI 5410 – Guidance for Planning and Conducting an Audit of Internal Controls of Public Debt

ISSAI 5411 – Debt Indicators

ISSAI 5420 – Public Debt Management and Fiscal Vulnerability: Potential Roles for SAIs

ISSAI 5421 – Guidance on Definition and Disclosure of Public Debt

ISSAI 5422 – An Exercise of Reference Terms to Carry Out Performance Audit of Public Debt

ISSAI 5430 – Fiscal Exposures: Implications for Debt Management and the Role for SAIs

Related Documents - ISSAI Full Versions:
Related Documents - Others:

<< back