»» Participation in auditee’s management

45) Management responsibilities involve leading, directing and controlling an entity, including making decisions regarding the acquisition, deployment and control of human, financial, physical and intangible resources. These responsibilities need to remain firmly with the management of the auditee. The following are examples of circumstances related to an auditee’s management that may impair the independence or objectivity of SAI staff:

a) a member of an audit team who is, or recently was, a principal or senior manager at the auditee;

b) a SAI staff member who serves as a voting member of an auditee’s management committee or board of directors, making policy decisions that affect the future direction and operation of the entity’s programmes, supervising the entity’s employees, developing or approving policy, authorising the entity’s transactions, or maintaining custody of the entity’s assets;

c) a SAI staff member who recommends a single individual for a specific position that is key to the auditee, or otherwise ranking or influencing the management’s selection of the candidate;

d) a SAI staff member who prepares an auditee’s corrective action plan to address deficiencies identified in the audit.

(parent: 4. [Application Guidance for] Fundamental Ethical Values)

INTOSAI ref. Code of Ethics(pdf) (ISSAI-P 30).
#tagcoding hashtag: #issai0345

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