Guidelines on Best Practice for the Audit of Public Private Finance and Concessions (revised)

The International Standards of Supreme Audit Institutions, ISSAI, are issued by the International ISSAI 5220Organization of Supreme Audit Institutions, INTOSAI. For more information visit www.issai.orgGuidelines on Best Practice for the Audit of Public/Private Finance and Concessions (revised)INTOSAI Professional Standards CommitteePSC-SecretariatRigsrevisionen • Landgreven 4 • P.O. Box 9009 • 1022 Copenhagen K • DenmarkTel.:+45 3392 8400 • Fax:+45 3311 0415 •E-mail: info@rigsrevisionen.dkINTOSAI General Secretariat - RECHNUNGSHOF(Austrian Court of Audit)DAMPFSCHIFFSTRASSE 2A-1033 VIENNAAUSTRIATel.: ++43 (1) 711 71 • Fax: ++43 (1) 718 09 69E-MAIL: intosai@rechnungshof.gv.at;WORLD WIDE WEB: http://www.intosai.orgForewordby Sir John BournComptroller and Auditor General of the United KingdomChairman of the Working Group on the Audit of PrivatisationIt is now six years since the Working Group published guidelines on Best Practice for the Audit of Public/Private Finance and Concessions. The use of Private Finance and Concessions has expanded since 2001 both in terms of the volume of contracts and the number of countries adopting these approaches. Increasing numbers of SAIs are now involved in the audit of Private Finance. As the Private Finance market in many countries has matured, there is growing collective experience of the operational phase of Private Finance contracts. The State therefore will be concerned with establishing ...