Working G roup on Quality Assurance

1. Working Group on Quality Assurance Plans for the future Budva, 5 March 2014

2. Working Group on Quality Assurance • Our achievements • developed documents • overall template on quality assessment • guidelines on ongoing supervision • guidelines on the periodic internal assessment of the internal audit function • document in the process of developing • guidelines for the external assessment of the internal audit function by the CHU • guidance for the internal assessment of the CHU

3. Working Group on Quality Assurance • Vision • an independent external review of the internal audit function • cannot be performed by the CHU • when outsourced - quite expensive

4. Working Group on Quality Assurance • Solutions • expert training on quality review • two days - test • a team of quality reviewers • lead by an expert • a mix of CHU staff and heads of internal audit • assess the quality of the internal audit function (including the CHU) in a host country • the expert will coach and assess the individual team members • after two quality engagements • certified quality reviewers - external reviewers who can independently lead quality reviews

5. Working Group on Quality Assurance Pros • theoretical IA COP efforts supplemented by a hands-on practical approach • certification - a guaranty for quality • independence issue resolved • costs for individual PEMPAL countries limited • a sustainable solution • the PEMPAL donors and sponsors will see a real practical achievement

6. Working Group on Quality Assurance • Cons • impact on PEM PAL budget • risk management issues

7. Working Group on Quality Assurance Thank you!