{"id":268,"date":"2018-07-07T10:00:40","date_gmt":"2018-07-07T10:00:40","guid":{"rendered":"https:\/\/wgpd.intosaicommunity.net\/?page_id=268"},"modified":"2025-05-20T06:08:58","modified_gmt":"2025-05-20T06:08:58","slug":"guidelines-and-other-documents","status":"publish","type":"page","link":"https:\/\/wgpd.intosaicommunity.net\/ru\/guidelines-and-other-documents\/","title":{"rendered":"Guidelines and other Documents"},"content":{"rendered":"
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INTOSAI Framework of Professional Pronouncement Guidance<\/h3>\n
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GUID 5250 – Guidance on the Audit of Public Debt<\/strong><\/p>\n

The GUID – 5250 – Guidance on the Audit of Public Debt was officially approved by the INTOSAI Governing Board during the XXIV INCOSAI held on November 8, 2022, in Rio de Janeiro, Brazil.<\/p>\n

This GUID aims to serve as guidance for Supreme Audit Institutions (SAIs) in the audit of public debt, applying the fundamental auditing principles provided in ISSAI 100 in all phases of the Financial Audit, Performance Audit, and Compliance Audit, in order to produce quality audit reports beneficial to sound public debt management and good governance.<\/p>\n<\/div>\n

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English<\/a>
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Non-IFPP Products<\/h3>\n
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An Audit Reference on Fiscal Exposures<\/strong><\/p>\n

The project aims to provide a valuable audit reference for Supreme Audit Institutions (SAIs) that face the challenge of examining a broad range of public commitments beyond the conventional scope of public debt. This document is designed to support auditors in understanding and addressing fiscal exposures by exploring several key aspects. It begins with defining what fiscal exposures are and explaining their importance for fiscal sustainability. The document then guides auditors through the processes of identifying and assessing these exposures, followed by a discussion of effective approaches for risk prevention and mitigation. By covering these topics, the project seeks to enhance auditors\u2019 ability to evaluate fiscal risks and contribute to more sustainable public financial management. The document was approved at the 78th INTOSAI Governing Board Meeting held on 28 October 2024 in Cairo, Egypt.<\/p>\n<\/div>\n

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Compendium of Case Report: Impact of Recent Health Crises and Other Crises to Public Debt and Public Debt Management<\/strong><\/p>\n

The compendium presents a collection of case studies from 37 SAIs conducted between April 2022 and February 2023. These case studies encompass a diverse range of economic conditions and challenges faced both before and after the onset of the pandemic. This compilation is designed to serve as a reference tool for auditors, aiding them in the identification and assessment of debt sustainability and risk factors in the audit of public debt and public debt management during crises. The document was approved at the 78th INTOSAI Governing Board Meeting held on 28 October 2024 in Cairo, Egypt.<\/p>\n<\/div>\n

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Understanding Public Debt Authorization, Contracting, and Legal Framework of Different Countries (A Compendium Document)<\/strong><\/p>\n

The project aims to assist SAI auditors in the conduct of audit of debt authorization and contracting, including corresponding legal framework by providing a collection of: a) sound practices in the procedures and coverage of the public debt authorization and contracting process; and b) practical audit procedures and examples. Led by SAI North Macedonia, the project was commenced in March 2021 from data-gathering to drafting, exposure, and finalization of Versions in accordance with Quality Assurance (QA) Level 2 per the Guidance on QA levels and procedure for QA evaluation of non-IFPP products. The document was approved at the 77th INTOSAI Governing Board Meeting held on 21 November 2023 in Vienna, Austria.<\/p>\n<\/div>\n

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Mapping of SAIs\u2019 Mandates on the Audit of Public Debt, Institutional Capacities, and the Regional Organizations\u2019 Support on Public Debt Audit and its Management (A Research Paper)<\/strong><\/p>\n

The project aims to provide inputs to WGPD members and other stakeholders in the conduct of effective audits of public debt vis-\u00e0-vis official mandates. Led by SAI North Macedonia, the project was completed in two years from data-gathering to drafting, exposure, and finalization of Versions in accordance with Quality Assurance (QA) Level 2 per the Guidance on QA levels and procedure for QA evaluation of non-IFPP products. The document was approved at the 77th INTOSAI Governing Board Meeting held on 21 November 2023 in Vienna, Austria.<\/p>\n<\/div>\n

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Guidelines<\/h3>\n
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Guidelines for Public Debt Management (WB \/ IMF)<\/p>\n<\/div>\n

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Other<\/a><\/p>\n<\/div>\n<\/div>\n

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Amendments to the Guidelines for Public Debt Management<\/p>\n<\/div>\n

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Case Studies<\/h3>\n
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The Zambian Project<\/p>\n<\/div>\n

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Paradigmatic Audits<\/h3>\n
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AUSTRIA<\/strong>Paradigmatic Audit concerning Risk Management of Short-Term Investments
\n(Rechnungshof, June, 2010)<\/p>\n

The objective of the audit was to compare and evaluate the credit and debt instruments as well as the financing strategies and resulting risks of the public authorities on the federal level, of different lands, as well as of other municipalities. Main focus was laid on the financing management of the federal authorities.<\/p>\n

The audit covered the period from 2002 until 2006. Additionally, essential developments of the years 2007 and 2008 were also taken into account.<\/p>\n<\/div>\n

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UKRAINE<\/strong>The Main Audit Results of Ukraine\u2019s System of Public Debt Management (Accounting Chamber of Ukraine, June 21, 2007)<\/p>\n

Since its foundation in 1996, the Accounting Chamber of Ukraine has been constantly paying attention to public debt issues. External debt restructuring in 2001-2003 has drawn a considerable attention to the problem of public debt management. The necessity for comprehensive research of the public debt management system has appeared and this presentation summarizes the Accounting Chamber of Ukraine\u2019s audit work to assess the state of Public Debt Management System and its compliance with the generally accepted international standards and practices in this field.<\/p>\n<\/div>\n

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UNITED KINGDOM<\/strong>The UK Debt Management Office \u2013 Borrowing on behalf of Government (UK National Audit Office, June 21, 2007)<\/p>\n

The National Audit Office reports on a review carried out to the UK Debt Management Office (DMO)\u2019s activities and reporting arrangements. The DMO is an executive agency of the Treasury, which was established on April 1, 1998 in order to borrow funds on behalf of government through the issue of gilts and Treasury bills.<\/p>\n<\/div>\n

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RUSSIAN FEDERATION<\/strong>Analysis of Internal Public Debt of the Russian Federation (Accounts Chamber of the Russian Federation, June 16, 2007)<\/p>\n

Brief information on the Analysis of Internal Public Debt of the Russian Federation carried out by the Accounts Chamber of the Russian Federation for the period of 2004 to 2006<\/p>\n<\/div>\n

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LITHUANIA<\/strong>Public Audit Report on Public Debt Management (National Audit Office of the Republic of Lithuania, July 30, 2007)<\/p>\n

The National Audit Office of Lithuania assessed the efficiency of the debt taken on behalf of government management strategy and public money (including borrowed funds) management in 2006. With this public audit report, the SAI of Lithuania recommends its Government to review on a regular basis the State Strategy of a Medium-term Debt Management by reviewing debt management objectives and indicators; to consider possibility to make a legal provision of using surplus budget revenues after the public sector achieves a zero balance for reducing of public debt.<\/p>\n<\/div>\n

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UNITED STATES OF AMERICA<\/strong>Debt Management \u2013 Backup Funding Options Would Enhance Treasury\u2019s Resilience to a Financial Market Disruption (US Government Accountability Office, September 2006, GAO-06-1007, available in www.gao.gov)<\/p>\n

This performance audit examines how the U.S. Treasury could obtain funds during a future potential wide-scale financial market disruption.
\nGAO examined (1) steps Treasury and others took during the September 11, 2001 attacks and after to assure required debt obligations and payments were made on time and ensure liquidity in the markets, (2) major actions Treasury and others have taken since the attacks to increase the resiliency of the auction process, and (3) the opinions of relevant parties on the main design features of any backup funding options. GAO issued recommendations to the Treasury and Congress to expand the backup funding options during a catastrophic emergency.<\/p>\n<\/div>\n

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UNITED STATES OF AMERICA<\/strong>Debt Management \u2013 Treasury Has Refined Its Use of Cash Management Bills but Should Explore Options That May Reduce Cost Further (US Government Accountability Office, March 2007, GAO-06-269, available in www.gao.gov)<\/p>\n

This performance audit examines the Department of the Treasury\u2019s growing use of unscheduled, high-cost cash management bills (CM bills) to obtain funding for expected large payments at the beginning of each month. GAO describes (1) when Treasury uses CM bills and why, (2) the advantages and disadvantages of CM bills, and (3) steps taken by Treasury to reduce the overall borrowing costs associated with CM bills.
\nGAO identifies possible options Treasury could consider to reduce the use and cost of CM bills further.<\/p>\n<\/div>\n

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UNITED STATES OF AMERICA<\/strong>Financial Audit \u2013 Bureau of the Public Debt\u2019s Fiscal Years 2006 and 2005 Schedules of Federal Debt (US Government Accountability Office, November 2007, GAO-07-127, available in www.gao.gov)<\/p>\n

This financial audit is part of mandated GAO audit of the US government’s consolidated financial statements. GAO has also been auditing the Bureau of the Public Debt*s (BPD) Schedules of Federal Debt annually for 10 years. The audit of these schedules is done to determine whether, in all material respects, (1) the schedules are reliable and (2) BPD management maintained effective internal control relevant to the Schedule of Federal Debt. Further, we test compliance with selected provisions of significant laws related to the Schedule of Federal Debt.<\/p>\n<\/div>\n

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UNITED STATES OF AMERICA<\/strong>Federal Debt \u2013 Answers to Frequently Asked Questions (US Government Accountability Office, 2004, GAO-04-485-SP, available in www.gao.gov)<\/p>\n

This primer on US federal debt presents current information on how federal debt is defined and measured, the relationship between federal debt and the budget and the economy, federal debt management and ownership, and future policy issues regarding federal debt. The goal of the primer is to provide the information in a clear, concise, and easily understandable manner for a non-technical audience.<\/p>\n<\/div>\n

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ZAMBIA<\/strong>Memorandum by the Auditor General Office \u2013 Study on the National Debt Contraction Process and Debt Management in Zambia (Office of the Auditor General of Zambia, April 2005)<\/p>\n

Memorandum to the Parliament\u2019s Committee on Economic Affairs and Labour on the National Debt Contraction Process and Debt Management in Zambia, which includes detained information on the legal and regulatory framework, the role of the Auditor General, the procedures followed in the National Debt Procurement in the past 15 years, accordance of the procedures with laid down legislation and regulations, effectiveness level of the process of national debt management, and proposed appropriate legislative reform measures.<\/p>\n<\/div>\n

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ZAMBIA<\/strong>Audit of Accounts for the financial year 2004 (Office of the Auditor General of Zambia, November 11, 2005)<\/p>\n

Report on the audited accounts to determine whether public debt elements were recorded properly, authorized by law or executive regulations, and disclosed in a timely, consistent and transparent manner. The audit report particularly focused on State Owned Enterprises (SOE)-related issues (performance, liquidation, government participation and management).<\/p>\n<\/div>\n

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FIJI <\/strong>Report of the Auditor General of the Republic of the Fiji Islands (Office of the Auditor \u2013 General of the Republic of Fiji Islands, September 2006)<\/p>\n

Office of the Auditor \u2013 General\u2019s last Audit Report (year 2005) to Parliament highlighting issues on Public Debt.<\/p>\n<\/div>\n

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NEW ZEALAND<\/strong>Effectiveness of the New Zealand Debt Management Office (Office of the Auditor General of New Zealand, June 2007)<\/p>\n

Performance Audit Report from the OAG of New Zealand on the effectiveness of the NZ Debt Management Office.<\/p>\n<\/div>\n

English<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

INTOSAI Framework of Professional Pronouncement Guidance GUID 5250 – Guidance on the Audit of Public Debt The GUID – 5250 – Guidance on the Audit of Public Debt was officially approved by the INTOSAI Governing Board during the XXIV INCOSAI held on November 8, 2022, in Rio de Janeiro, Brazil. This GUID aims to serve … Continue reading “Guidelines and other Documents”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":87,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/pages\/268"}],"collection":[{"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/comments?post=268"}],"version-history":[{"count":31,"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/pages\/268\/revisions"}],"predecessor-version":[{"id":3519,"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/pages\/268\/revisions\/3519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/media\/87"}],"wp:attachment":[{"href":"https:\/\/wgpd.intosaicommunity.net\/ru\/wp-json\/wp\/v2\/media?parent=268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}