Transcript The CIPFA Public Sector Internal Audit Advocacy Strategy

CIPFA/IMFO
Development Programme
for Internal Auditors
IMFO Indaba
April 2015 Durban
Dr Adrian Pulham
Executive Director
CIPFA
CIPFA, an introduction
• Professional body for public sector
accountants and auditors
• PSIA standard setter in the UK
• Provides certification for members in
public audit bodies around the world
• Founder member of IFAC
• Working closely with IIA
• Working closely with INTOSAI
Effective PSIA – key components
CIPFA’s Advocacy Strategy
Strategic Theme 1
Strategic Theme 2
Appropriate PSIA standards
The value of PSIA
recognised, respected and
required
Strategic Theme 3
Strategic Theme 4
PSIA essential to PFM
reform
Development partners
include PSIA in PFM
capacity building projects
Code of Practice for PSIA
Scope of PSIA
Independence
Ethics
Audit planning
Performance
Enhanced Systems Based PSIA
Internal control
COSO based
Systems testing
Procurement Audit
Holistic approach
Risk based
Contract audit
Fraud audit
VFM audit
Best practice
Auditing Standards
Based on the International
Auditing and Assurance
Standards Board
guidance and standards
Audit Committees
Often required by law
Enhance public trust
Independent
Central part of good
governance
Internal Audit manual
Framework for the HIA
Revised standards
Written by practitioners
Students and new staff
Member Support
CIPFA Audit Panel
Role of the Chief
Internal Auditor
Consulting the profession
Conclusion
• Effective PSIA requires
– Standards
– Professional internal auditors
– Greater capacity
– Professional support and development
Level 1, the Certificate
• Internal Audit Fundamentals
• Public Sector Accounting and Financial
Reporting
• Governance and Control
Level 2, the Diploma
• Advanced Internal Auditing
• Auditing Management Performance
• Managing the Internal Audit Function
Benefits to you
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Professional recognition
CIPFA Affiliate Membership
Publications
Audit panel involvement
CPD
Branch Activities
Management Direct
Further partnership working with IMFO