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Origins:
A decision on the review of ISSAI 30 – INTOSAI Code of Ethics was taken by the Steering Committee of the Professional Standards Committee at its meeting in Stockholm in June 2013, based on the maintenance frequency. A project team was established that conducted an initial assessment, and subsequently developed a project proposal comprising a recommendation to have ISSAI 30 revised. The project proposal was approved by the PSC SC in May 2014.

 

Membership:
To deal with the actual revision, the team has been enlarged, and is now composed of the following SAIs: Albania, Chile, Hungary, Indonesia, Kuwait, Mexico, Namibia, the Netherlands, New Zealand, Poland (lead), Portugal, South Africa, the United Kingdom, the United States, and has one observer – the International Federation of Accountants (IFAC).

 

Objectives:
The main objectives of the revision of ISSAI 30 will be, among others:

  • to provide for the perspective of a SAI, apart from the perspective of an individual auditor,
  • to provide for consistency with other ISSAIs,
  • to review the fundamental principles and core values of the Code,
  • to introduce some editorial changes aimed at improving the clarity of the document,
  • to update the terminology.

 

Deadlines:

  • First draft ready in the first quarter of 2015
  • Exposure draft ready in July 2015
  • Time frame for the Due Process: September 2015 – October 2016
  • Approval by INCOSAI 2016

For further questions please contact the project secretariat at: ISSAI30.Review@nik.gov.pl

 

Documents related to the revision of INTOSAI Code of Ethics - ISSAI 30:

 

At its meeting on 26-27 May 2016 in Copenhagen, the PSC Steering Committee approved of the Endorsement Version of the revised ISSAI 30:

ISSAI 30 Endorsement Version approved by PSC SC 2016