AA – L2 – SA – Q3.2 – ISSAI Issuer

Organization that issues ISSAIs.

Question

ISSAIs are issued by the:

A PEFA

B International Public Sector Accounting Standards Board

C International Organization of Supreme Audit Institutions

D Westland Audit Service

Answer

Explanation:
ISSAIs (International Standards of Supreme Audit Institutions) are issued by the International Organization of Supreme Audit Institutions (INTOSAI, C). PEFA (A) assesses public financial management, IPSASB (B) issues accounting standards, and Westland Audit Service (D) is a local audit body, not a standard-setter. Thus, C is correct.

Tags: ICAG, ISSAI, Public Sector Auditing, Standard-Setting
Level: Level 2

Topic: Institutional Regulation and Standard-Setting

Uploader: Salamat Hamid