13 - 16 October 2015

PEMPAL Internal Audit Community of Practice Working Group meeting on Relationship of Internal Audit with Financial Inspection and External Audit (RIFIX), Quality Assurance Working Group’s leadership meeting and extended Executive Committee (ExCom) meeting

Yerevan, Armenia
PEMPAL Internal Audit Community of Practice (IACOP) has organized its IACOP Working Group meeting on Relationship of Internal Audit with Financial Inspection and External Audit (RIFIX) on October 13-14, 2015, and Quality Assurance Working Group’s leadership meeting, on October 15, 2015, in Armenia, Yerevan.
 
Objectives of the Relationship of Internal Audit with Financial Inspection and External Audit Working Group (RIFIX WG) were, as follows:
· To learn from best country practices;
· To finalize and endorse the Good Practice Concept Note on RIFIX and to elaborate on its roll out;
· To advance development of a Good Practice Template of a Cooperation Agreement between internal audit and financial inspection/external audit;
· To learn from the Armenian experience of internal audit reforms.
Objectives of the Quality Assurance Working Group’s leadership meeting were as follows:
· To finalize the scoring system for the PEMPAL approach to external assessment of the internal audit function by the CHU;
· To endorse the Good Practice Quality Assessment Guide for Public Sector Internal Audit;
· To discuss on possible application of the Guide by IACOP countries.
 
The objectives of the ExCom meeting were, as follows:
· Organizing the financial management and control (FMC) working group launch;
· Planning and preparing the IA CoP activities for the fiscal year 2015-2016;
· Planning further activities to achieve IA CoP Strategy objectives for the period of 2016-2017.
 
 Language: The meetings were conducted in English with simultaneous interpretation into Russian and Bosnian-Croatian-Serbian languages.