29 - 31 March 2017

IACOP Internal Control and Audit in Practice Working Groups Meeting

Budapest, Hungary

The PEMPAL Internal Audit Community of Practice (IACOP) organizes its 41st and 42d meetings, which are the meeting of the Internal Control Working Group (IC WG) and the meeting of the Audit in Practice Working Group (AiP WG) during March 29-31, 2017 in Budapest, Hungary.

Objectives of AiP WG:

  • Review the complete audit cycle
  • Discuss the experience in application of International Standard for the Professional Practice of Internal Auditing (ISPPIA) 2210 – Engagement Objectives
  • Understand the theory and practice in establishing audit objectives
  • Agree on the next steps in the AiP WG

Expected Outcomes:

  • Solid understanding of the application of ISPPIA 2210 – Engagement Objectives
  • Recognition of key challenges in establishing audit objectives
  • Establish the next steps in AiP WG
  •  

Objectives of ICWG:

  • Learn the key recent developments on Public Internal Control (PIC) reforms in the ECA region and beyond
  • Understand the internal and external factors for establishment of sound accountability through the three lines of defence
  • Contrast the accountability concept applied in centralized vs decentralized public administration systems, sharing member countries’ good practices in addressing implementation challenges
  • Elaborate the role of the CHU and internal auditor in enhancing accountability
  • Produce a first draft of the PIC glossary with emphasis on accountability

Expected Outcomes:

  • Enhanced understanding of accountability concept and its implementation in practice
  • Solid understanding of the role of CHU and internal auditor in establishment of sound accountability
  • First draft of the glossary

The event was delivered in Russian, English, and Bosnian-Serbo-Croatian with simultaneous interpretation provided. 

 

AiP WG COMMUNIQUE can be found HERE

IC WG COMMUNIQUE can be found HERE