AIESEC India Finance Summit - February 2016

1. Internal Audit Board
AIESEC India National Support Team

2. What is Internal Audit?

3. Why is it important?

4. Relevance to AIESEC India.

5. Internal Auditors of AIESEC India.

6. Areas of Audit

7. Audit framework
Audit Planning Audit Execution Audit Review
Risk
Management
Governance
Compliance
Quality
Management
Qualitative and
Quantitative
Findings
Timely
execution
Central
repository
Checklist of
evaluation
criteria
Audit Findings
and Observation
reports
Initiate remedial
action
Reports and
Metrics
Analysis

8. Progress
• First meeting on 1st November 2015
• Four areas of audit segregated and discussed upon
• Diagnosis of various indicators and tools for every area
• Internal audit to be done for LCs every 6 months
• First draft of audit tool and scorecard made
• Presented to focus for suggestions
• Suggestions and Way Forward

9. Way Forward
• Consider market realities for reporting. (University based)
• Quarterly and half yearly consultancy calls with focus
• Audit for expansion entities
• Indicators on alumni engagement and contribution to BoA