RFIX Concept note Introduction
Outline of the purpose & content of the draft Concept note.
Astana 22 September
What I will coverPurpose of the Concept paper
Structure of the paper
Key features
Areas requiring further work
Purpose of the Concept paper
The aim of this concept paper is to promote solutions for implementing an effective functioning of IA in the public sector in parallel with FI and EA through clarification of the differences and similarities, benefits, duplication etc
The paper also considers future work plans for RIFIX.
Structure of the paper1/2 Background and aims of the paper
3/4 Key definitions, and Roles of IA/FI/SAI
5.Key features of the work and role of IA/FI/SAI
6. Main areas of potential overlap
7. The benefits and risks of cooperation
8. A framework for cooperation
9. RIFIX WG future work
Key features of the paperA series of key definitions and statements of roles to
place the work of FI/IA/SAI in context
The distinction between SAIs that are operating as external auditors and SAIs that are operating as external controllers.
The identification of four main areas of overlap
A statement of the benefits and risks of cooperation
The adoption of the four Cs - Commitment, Consultation, Communication and Confidence - as a framework for cooperation
Areas requiring further work
Review of the definitions proposed and agreement on the definition of Financial Inspection by the WG
Further analysis of the areas of potential overlap Is Table 1 an accurate summary of all the main areas
of work?Are there other key areas of overlap not identified?
What should be the future work of RIFIX?
How should the concept paper be further developed and what is the intended audience for the paper?
Further consideration of the paper
The paper is to be discussed in detail on Tuesday afternoon
It is very important that everyone reads the paper and is prepared for an in-depth discussion on the the issues raised.
Questions?