The Philippines -ISSAI Implementation, 2014-15

The purpose of this proposal is adoption of auditing standards, aligned with international standards, to provide quality auditing and assurance standards that will enhance the quality and uniformity of practice throughout the Philippines and strengthen public confidence in the auditing and assurance profession.
Specifically, it will increase the number of audits complying with the level 4 ISSAI requirements for financial, compliance and performance audit. ISSAI Compliance Assessment Tools (iCATs) will be adopted for all audit streams to assess compliance with the ISSAIs, and timely reports on ISSAI compliance will be submitted to the Head of the SAI.
The proposal includes two components, covering professional staff capacity development (training on level 4 ISSAIs and the iCATs) and organizational systems capacity development (adoption and dissemination of Philippine Public Sector Standards of Auditing (PPSSAs), along with guidance and practice notes, audit manuals etc.).
Funding was requested to support the various workshops, training courses, and printing and production of manuals etc.
A copy of the application is available to those interested in providing support. Please contactINTOSAI.Donor.Secretariat@idi.no
 
Providers of Support:
SAI CDF and the Asian Development Bank are supporting the proposal partly.
Activities:
• Updating/revision of the IRRBA Manual (Financial Audit component only); and
• Training of auditors on the updated/revised manual
ADB supports only those expenditures which they consider eligible under ADB rules.