CIPFA/IMFO%20Development%20Programme%20for%20Internal%20Auditors

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CIPFA/IMFODevelopment Programme for Internal
Auditors

• IMFO Indaba
• April 2015 Durban

Dr Adrian Pulham Executive Director CIPFA
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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

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Effective PSIA key components
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CIPFAs Advocacy Strategy
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Code of Practice for PSIA

• Scope of PSIA
• Independence
• Ethics
• Audit planning
• Performance

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Enhanced Systems Based PSIA

• Internal control
• COSO based
• Systems testing

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Procurement Audit

• Holistic approach
• Risk based
• Contract audit
• Fraud audit
• VFM audit
• Best practice

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Auditing Standards

• Based on the International
• Auditing and Assurance
• Standards Board
• guidance and standards

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Audit Committees

• Often required by law
• Enhance public trust
• Independent
• Central part of good
• governance

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Internal Audit manual

• Framework for the HIA
• Revised standards
• Written by practitioners
• Students and new staff

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Member Support

• CIPFA Audit Panel
• Role of the Chief
• Internal Auditor
• Consulting the profession

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Conclusion

• Effective PSIA requires
• Standards
• Professional internal auditors
• Greater capacity
• Professional support and development

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Level 1, the Certificate

• Internal Audit Fundamentals
• Public Sector Accounting and Financial Reporting
• Governance and Control

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Level 2, the Diploma

• Advanced Internal Auditing
• Auditing Management Performance
• Managing the Internal Audit Function

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Benefits to you

• Professional recognition
• CIPFA Affiliate Membership
• Publications
• Audit panel involvement
• CPD
• Branch Activities
• Management Direct
• Further partnership working with IMFO