International Coordinated Parallel Audit of Public Debt Management Information Systems
During 2013-2014 the Supreme Audit Institutions of Brazil, Bulgaria, Fiji, Georgia, Moldova, Romania, Ukraine, Yemen, and Zambia carried out the International Coordinated Parallel Audit of Public Debt Management Information Systems under the current Strategic Plan of the INTOSAI Working Group on Public Debt (WGPD). The SAIs of China, Egypt, Mexico and Russian Federation took part in the project as observers.
The audit was conducted on the basis of the Common Parallel Audit Programme 1, elaborated in 2012 by the Accounting Chamber of Ukraine (as parallel audit coordinator), according to the International Standards for Supreme Audit Institutions (ISSAI) and best national practices. Summaries of national audit reports, developed by the participating SAIs within the framework of the parallel audit, complement the Joint Parallel Audit Report.
The parallel audit was focused on assessment of efficiency of Public Debt Management Information Systems (PDMIS) functioning in jurisdictions of the participating SAIs. The primary objective of the audit was to ascertain:
- whether the management and control processes of national Public Debt Management Information Systems were in place, and
- whether the reviewed information systems were equipped with adequate general and application controls and if they were properly implemented.