The INTOSAI Financial Audit and Accounting Subcommittee
Welcome to the website of the INTOSAI Financial Audit and Accounting Subcommittee (FAAS)
Ever since the INTOSAI Congress in 1995, many Supreme Audit Institutions (SAIs) have expressed a need for more detailed guidance than provided by the former INTOSAI Auditing Standards Committee (ASC). This need was reiterated during the Congress in 1998, where the Committee was given the task to decide how best to respond to the need for Guidelines for Financial Audit, given the varying auditing mandates and systems among INTOSAI members. Furthermore, the Committee was instructed to closely follow the developments of IFAC’s International Public Sector Auditing Standards in order to keep the INTOSAI community updated and informed.
Following a number of informal talks and meetings between the ASC and IFAC (International Federation of Accountants), the ASC in 2001 came to the conclusion that cooperating with IFAC, and its International Auditing and Assurance standards Board (IAASB), and drawing upon their work with internationally accepted standards would be the only way forward with the development of financial audit guidelines.
In March 2002 the ASC held a Committee meeting where one important issue on the agenda was the proposal to initiate a cooperation with IFAC to develop Financial Audit Guidelines. A Working Group with a special responsibility for the development of financial audit guidelines was created within the Committee. The Working Group then consisted of Austria, Canada, Namibia, Norway, United Kingdom, United States and Sweden (chair). The Working Group was later on extended to include the SAIs of Cameroon and Tunisia.
In September 2005, the responsibilities of the Working Group were taken over by the Financial Audit Subcommittee (FAS) created in the new INTOSAI committee structure.
The task of the subcommittee is to produce globally accepted auditing guidelines for the public sector. This is done by leveraging the expertise and resources of the International Auditing and Assurance Standards Board (IAASB), an internationally respected assurance standards setting organization. The IAASB is a partner in the standards setting work and also attends FAS annual meetings.
The State Audit Institution of the United Arab Emirates assumed the Chairmanship of FAS at the INCOSAI in Beijing in October 2013.
FAS was merged with the Accounting and Reporting Subcommittee of INTOSAI in 2016 and is now the Financial Audit and Accounting Subcommitee (FAAS).
FAAS develops globally accepted auditing guidelines for the public sector. This is done by leveraging the expertise and resources of the International Auditing and Assurance Standards Board (IAASB), an internationally respected assurance standards setting organization. The IAASB is a partner in the standards setting work and also attends FAAS annual meetings.
- Annual Meetings
Host Dates Dates Minutes Photos UAE (Abu Dhabi)
28-30 March ,2017
UAE (Abu Dhabi)
24-25 February, 2016
Agenda Minutes Not available
29-30 April, 2015
Agenda Minutes Photos
17-18 March, 2014
UAE (Abu Dhabi)
4-5 September, 2013
- Key Documents
FAAS Work Plan 2017-2018 (under development)
Terms of Reference
- Secretariat and Membership
Daniel Boutin, FAAS Manager
State Audit Institution of the United Arab Emirates
- Auditor General South Africa
- Austrian Court of Audit
- Bundesrechnungshof (Germany)
- Comptroller and Auditor General of India
- Cour des comptes (France)
- European Court of Auditors
- National Audit Office (United Kingdom)
- Office of the Auditor General (Namibia)
- Office of the Auditor General of Canada
- Office of the Auditor General of Norway
- State Audit Bureau (Kuwait)
- State Audit Institution of the United Arab Emirates (Chair)
- Supreme State Audit Office (Cameroon)
- Swedish National Audit Office
- U.S Government Accountability Office