17 - 19 October 2016

IACOP RIFIX and Internal Control Working Group meeting

Moscow, Russian Federation

The PEMPAL Internal Audit Community of Practice (IACOP) organized the final meeting of the RIFIX Working Group and the second meeting of the Internal Control Working Group during October 17-19, 2016 in Moscow, Russian Federation.

The RIFIX Working Group had the following objectives:

•              To finalize and endorse the Concept Paper on Relationship of Internal Audit with Financial Inspection and External Audit - the IACOP good practice document summarizing the results of work in the RIFIX Working Group.

•              To learn good practices in RIFIX by sharing the key recent developments in the countries in the ECA region and beyond.

•              To discuss a survey results and analyze the progress made in application of good RIFIX practices in the members countries from the beginning of the establishment of the RIFIX Working Group.

•              To discuss the potential for further roll out of the good practice Concept Paper developed.


The Internal Control Working Group focussed on the following objectives:

•             Obtain a common understanding of the terms and responsibilities related to internal control.

•             Present the COSO model with its 16 principles and discuss those principles that are most relevant to the public sector.

•             Share member country experiences with regard to good internal control practices and implementation challenges; learn from other countries how they have addressed those challenges.

•             Discuss the priorities and next steps for the IACOP ICWG.



Language: The meetings was conducted in English with simultaneous interpretation into Russian and Bosnian-Croatian-Serbian languages.