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1. Internal Audit Provisions
2. Overview Auditing and Evaluating in North Carolina
The NC Internal Audit Act
The Council of Internal Auditing
The Office of Internal Audit (OIA)
Agency Opportunities and Requirements
Questions?
3. Auditing and Evaluating in NC External Auditing
Internal Auditing
Program Evaluation
Management Studies
4. External Auditing
5. Internal Auditing
6. Program Evaluation
7. Management Studies
8. Auditing in North Carolina
9. The North Carolina Internal Audit Act House Bill 1401 (SL 2007-424)
Directed agencies to appoint an Internal Audit Director
Directed agencies to comply with professional audit standards
Established the Council of Internal Auditing
Directed OSBM to support the Council Explain what the act created
Explain what the Act established in the agencies, OIA, Council, etc.Explain what the act created
Explain what the Act established in the agencies, OIA, Council, etc.
10. The Council of Internal Auditing Not only did the Internal Audit Act create the Council of Internal Auditing – it described the Council’s main role and some key activities…..Not only did the Internal Audit Act create the Council of Internal Auditing – it described the Council’s main role and some key activities…..
11. Office of Internal Auditing (OIA) Shared Service Pool
Peer Review
Training
Manuals/Guides/Etc.
Database
Support the CouncilShared Service Pool
Peer Review
Training
Manuals/Guides/Etc.
Database
Support the Council
12. Agency Requirements 1. Council and staff is working on Director reporting requirements which requires an amendment to the law.
3. Red book vs yellow book standards – Council said so far about it….waiting for bridging document from IIA…not a blended standard.
5. The manual is under view and modification.
6. Changing deadline to September 30.
1. Council and staff is working on Director reporting requirements which requires an amendment to the law.
3. Red book vs yellow book standards – Council said so far about it….waiting for bridging document from IIA…not a blended standard.
5. The manual is under view and modification.
6. Changing deadline to September 30.
13. Agency Opportunities Mention training needs assessment
Confidential work
Mention peer review training and how program will work
Mention Council projects including confidential work papers, staff recommendation, and amendments to the present law.
Mention training needs assessment
Confidential work
Mention peer review training and how program will work
Mention Council projects including confidential work papers, staff recommendation, and amendments to the present law.
14. QUESTIONS?