Center of Excellence in Finance
Learning and Regional Cooperation in South East Europe
Event

Introducing International Standards in Internal Audit

May 2830, 2014
Ljubljana, Slovenia Register
Contacts:
  • Coordinator, Events
    Ivana Gašparac
    ivana.gasparac@cef-see.org
  • Officer, Learning Program
    Kaja Nadj
    kaja.jurtela@cef-see.org

About this learning event

To meet all responsibilities of internal auditors and internal audit conformance with the three mandatory elements of the International Professional Practices Framework (IPPF), promulgated by the Institute of Internal Auditors (IIA), is of key importance.

The three mandatory elements of the IPPF are:

  • Definition of Internal Auditing stating purpose, nature, and scope of internal auditing
  • Code of Ethics
  • International Standards for the Professional Practice of Internal Auditing (Standards).

Internal auditors in public sector are working in organizations that significantly vary in purpose, size, and structure. More, cultural environment and legislation also influence practice of internal auditing.

In this context it is essential for internal auditors to possess professional knowledge, which they can gain through professional training and upgrade by exchange of practical experiences. Applying all of the three mandatory elements of the IPPF to internal audit can significantly increase the efficiency and value of the internal audit activity. Introduction of these elements is also important in the context of Public Internal Financial Control (PIFC) as countries to assume legal responsibilities need to strengthen their internal audit capacities. Introduction of the international standards is not only a technical activity but one of the crucial factors by which countries can assure financial control of their public finances.

What you will learn

The IIA defines the Standards as statements of basic requirements for the professional practice of internal auditing and for evaluating the effectiveness of performance, which are internationally applicable at organizational and individual level.

The workshop will cover Attribute and Performance Standards. While the Attribute Standards address the attributes of organizations and individuals performing internal auditing, the Performance Standards describe the nature of internal auditing and provide quality criteria against which the performance of these services can be measured.

We will discuss the following topics:

  •  Concept and the structure of IPPF
  •  Definition of Internal Auditing
  •  Concept and structure of the Standards
  •  Attribute Standards and their implementation
  •  Performance Standards and their implementation
  •  The view of external auditor; when can external auditor relay on the work of internal auditor: importance of conformity with international standards.

How you will benefit

The objective of this workshop is to help participants better understand the challenges of introducing international standards in internal audit.

By the end of this workshop participants will be able to:

  •  Describe the IPPF
  •  Explain the definition of Internal Auditing
  •  Explain key standards in internal audit
  •  Describe key introduction challenges and the aspects that are necessary to work according to basic principles
  •  Benefit from peer-to-peer exchange of experiences regarding the practice and challenges of introducing international standards in internal audit.

Who should attend

The workshop is designed for junior and experienced internal auditors from ministries and other public institutions as well as other internal audit experts and professionals interested in the topic.

As the workshop will be held in ENGLISH with no translation, participants should have a good command of English.

The workshop will be highly participatory. Participants are encouraged to be active in discussions and exercises throughout the event.

Your requirements

The focus will be on practical examples based on participants’ practice. Theoretical discussions will be kept to a minimum. Basic knowledge of Standards is required. We will focus on how to improve the practice of internal auditors.

    Contacts:
    • Coordinator, Events
      Ivana Gašparac
      ivana.gasparac@cef-see.org
    • Officer, Learning Program
      Kaja Nadj
      kaja.jurtela@cef-see.org
    Tags