Internal audit Community of practice

1. Internal audit Community of practice

2. Our Mission IA COP offers support to its member countries in establishing modern and effective Internal Audit system that meets international and EU standards and good practices and is a key for good governance and accountability in the public sector Internal Processes To maintain and develop a volunteer network of internal audit professionals through ‘peer’ learning, knowledge management with range of activities Financial Accomplishdonors’ needs and make best value for money of PEMPAL with the help of Secretariat Customer To serve our governments Learning and Growth Develop the volunteering,Executive Committee leadership, self sustainability of IA COP Working Groups, coordination with Steering Committee and other COPs

3. Strong leadership team-IACoP Executive Committee Diana Grosu–Axenti Resource team member Arman Vatyan WB, Lead Edit Nemeth Hungary Chair Cristina Scerbina Vice Chair on Operations Moldova Ljerka Crnković Vice-Chair On Substance Croatia Svilena Simeonova Bulgaria Zamira Omorova Kyrgyzstan Maksym Tymokhin Ukraine Stanislav Bychkov Russia

4. PEM-PAL Internal Audit COP PEMPAL Steering Committee Chair Bank TL Leader of the Community (Arman) Guidance/Fiduciary Executive Committee with Chair Leadership+ Funding Internal Audit Community of Practice (22 country representatives) Quality Assurance Risk Assessment RIFIX logistical support Secretariat – CEF World Bank (WB) Funding, professional support Information Professional support Information Russia, SECO, Dutch Academy and others Organizations and professional associations (the IIA, CIPFA, etc.) and resource people

5. Understand and apply the International Standards and best practices • Develop a solid understanding of the IA function • Discover tested tools and techniques • Learn from country experience and identify the best approach for our country • Improve the quality of internal audit in all the IACOP countries THE WORKING GROUPsHELP TO

6. Knowledge Creation • Good Practice IA Manual Template • Good Practice CPD Manual Template • Internal Audit Body of Knowledge • Risk Assessment in Audit Planning • Communiqués

7. IMPACT OF IACOP by Theme 2014 2011 2007

8. Areas of Interest from WG • Implementation of Internal Control/FMC • Good practice on conducting the full audit cycle from planning to reporting and follow-up • Methods and tools for specific audits (infrastructure, procurement, etc) • Collaboration of the IA with managers and marketing IA activity • IT software for IA activity support • Annual report on IA activity

9. Kyrgyz RepublicKazakhstan ZamiraOmorova • We have recently modificated law of internal audit – which was based on the experinences and knowledge we gained form Pempal meetings and study visits

10. Georgia • We are drafting now the internal audit manual on basis of Pempal template • We used risk assessment methodology to implement in our public sector CHU of Georgia

11. Croatia • Working in Pempal enable us to meet our peers from different countries – the most important value for me is the possibility to exchange information, to get to know latest developments • Sometimes is even more valuable are informal contacts with our peers – we can contact them during Pempal meetings LjerkaCrnkovic

12. The Netherlands Manfred van Kesteren • The way we are thinking at Pempal meetings made me re-analise our audit procedures e.g. follow-up. • I am working in several projects and it gives me opportunity to channel the experiences between expert groups.

13. LukášWagenknecht • The working groups were relevant and very helpful to our reform agenda. I especially liked the level of proficiency and engagement of all participants. • In the Czech Republic, there is currently undergoing reform of Public Internal Control system. The conference has given us very useful feedback. Ideas and suggestions of IA COP experts could immensely contribute to improving the draft of our Internal Control Act. Czech Republic

14. Thank you!