Internal Audit Consultative Forum. Actions required to establish effective Internal Audit functions. 2 March 2004

1
Internal Audit Consultative Forum.Actions
requiredto establish effective Internal Audit
functions.2 March 2004
2
Perception and ownership

• Specific marketing plans.
• Creation of governance pressure for acceptance of
  internal audit and the role of internal audit.
• Align internal audit with managements
  responsibility regarding risk.
• Improve internal audit service delivery.
• Introduce quality assurance programme.

3
Perception and ownership continued.

• Lobbying in government circles.
• Set up professional presence that makes the
  public aware of its existence through being a
  mouth piece on professional matters and provides
  a sanction to members who do not meet the
  professional standards.

4
Governance Framework

• Creation of professional governance body to
  consider overall framework that should include
  internal audit.
• Internal Audit Agency in public sector to oversee
  internal audit quality and manage and protect
  internal audit independence.
• Establishment of Audit Committees as a
  requirement in public and private sectors.

5
Legal Backing

• Legislation to embed internal audit in public and
  possibly in the private sector.
• Specific sign off requirements for internal
  audit.
• Adopt/adapt IIA standards into legislation.
• Role of Internal Auditor General.
• Requirement for Head od Internal Audit to be a
  member of the IIA.

6
Certification and Training

• Learnerships.
• Introduce Internal Auditor qualifications.
• Degree/diploma programmes at university level
  possible separate school.
• Establishment of formal CPE/qualification
  training programmes.
• Skills gap assessment and development of
  appropriate catch-up initiatives.
• Gap on EEE/VFM competencies aleady identified.

7
Resources

• Need to develop well motivated funding
  requirements.
• Access to national and donor funds.
• Develop plans that show ultimate self
  sustainability of profession.
• Central and East African full time secretariate
  office.
• Permanent presence required.

8
Conceptual Framework

• Adopt IIA framework.
• Acceptance of framework in public and private
  sector.
• Establish independence guidelines and
  recommendations for the level at which the Head
  of Internal Audit should be appointed.