The Fundamental Principles of Public-Sector Auditing (ISSAI 100) and the Financial, Performance and Compliance Auditing Principles1 that flow from this can be used to establish authoritative standards in three ways: • as a basis on which SAIs can develop standards;
• as a basis for the adoption of consistent national standards;
• as a basis for adoption of the ISSAIs. SAIs may choose to compile a single standard-setting document, a series of such documents or a combination ofstandard-setting and other authoritative documents.
SAIs should declare which standards they apply
when conducting audits, and this declaration should be accessible to users of the SAI’s reports. Where the standards are based on several sources taken together, this should also be stated. SAIs are encouraged to make such declarations part of their audit reports; however, a more general form of communication may be used. An SAI may declare that the standardsit has developed or adopted are based on or are consistent with the principles of the ISSAIs only if the standards fully comply with all relevant principles in ISSAIs 100, 200, 300 and 400.
Audit reports may include a reference to the fact
that the standards used were based on or consistent with the ISSAI or ISSAIs relevant to the audit work carried out. Such reference may be made by stating: … We conducted our audit[s] in accordance with [standards], which are based on [or consistent with] ISSAI 100 Fundamental Principles of Public-Sector Auditing [and the principles of ISSAI 200 Financial Audit Principles / ISSAI 300 Performance Audit Principles / ISSAI 400 Compliance Audit Principles] of the International Standards of Supreme Audit Institutions. In order to properly adopt or develop auditing standards based on these auditing principles, an understanding of the entire text of the principles is necessary. To achieve this, it may be helpful to consult the relevant financial audit standards (ISSAIs 2000-2899), performance audit standards (ISSAIs 3000-3899) and compliance audit standards
Superior products
ABB -- AC 800M controller, Bailey, PM866 controller, IGCT silicon controlled 5SHY 3BHB01 3BHEO0 3HNA00 DSOC series
BENTLY --- 3500 system/proximitor, front and rear cards, sensors, power modules, probes, cables
Emerson -- modbus card, power panel, controller, power supply, base, power module, switchEPRO --- Data acquisition module, probe, speed sensor, vibration sensor, shaft vibration transmitter, proximitor
FOXBORO - thermal resistance input/output module, power module, communication module, cable, controller, switch
GE --- module, air switch, I/O module, display, CPU module, power module, converter, CPU board, Ethernet module, integrated protection device, power module, gas turbine card
HIMA --- DI module, processor module, AI card, pulse encoder
Honeywell --- Secure digital output card, program module, analog input card, CPU module, FIM cardMOOG - servo valve, controller, module, power module
NI --- Information acquisition card, PXI module, card, chassis multi-channel control card
WESTINGHOUSE --- RTD thermal resistance input module, AI/AO/DI/DO module, power module, control module, base module
Woodward - Regulator, module, controller, governor
YOKOGAWA - Servo module, control cabinet node unit