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Internal Audit Provisions

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Internal Audit Provisions

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    1. Internal Audit Provisions

    2. Overview Auditing and Evaluating in North Carolina The NC Internal Audit Act The Council of Internal Auditing The Office of Internal Audit (OIA) Agency Opportunities and Requirements Questions?

    3. Auditing and Evaluating in NC External Auditing Internal Auditing Program Evaluation Management Studies

    4. External Auditing

    5. Internal Auditing

    6. Program Evaluation

    7. Management Studies

    8. Auditing in North Carolina

    9. The North Carolina Internal Audit Act House Bill 1401 (SL 2007-424) Directed agencies to appoint an Internal Audit Director Directed agencies to comply with professional audit standards Established the Council of Internal Auditing Directed OSBM to support the Council Explain what the act created Explain what the Act established in the agencies, OIA, Council, etc.Explain what the act created Explain what the Act established in the agencies, OIA, Council, etc.

    10. The Council of Internal Auditing Not only did the Internal Audit Act create the Council of Internal Auditing – it described the Council’s main role and some key activities…..Not only did the Internal Audit Act create the Council of Internal Auditing – it described the Council’s main role and some key activities…..

    11. Office of Internal Auditing (OIA) Shared Service Pool Peer Review Training Manuals/Guides/Etc. Database Support the CouncilShared Service Pool Peer Review Training Manuals/Guides/Etc. Database Support the Council

    12. Agency Requirements 1. Council and staff is working on Director reporting requirements which requires an amendment to the law. 3. Red book vs yellow book standards – Council said so far about it….waiting for bridging document from IIA…not a blended standard. 5. The manual is under view and modification. 6. Changing deadline to September 30. 1. Council and staff is working on Director reporting requirements which requires an amendment to the law. 3. Red book vs yellow book standards – Council said so far about it….waiting for bridging document from IIA…not a blended standard. 5. The manual is under view and modification. 6. Changing deadline to September 30.

    13. Agency Opportunities Mention training needs assessment Confidential work Mention peer review training and how program will work Mention Council projects including confidential work papers, staff recommendation, and amendments to the present law. Mention training needs assessment Confidential work Mention peer review training and how program will work Mention Council projects including confidential work papers, staff recommendation, and amendments to the present law.

    14. QUESTIONS?

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