SlideShare a Scribd company logo
1 of 28
Download to read offline
  Internal Auditor  Roles IyadMourtada, CIA, CMA, CFE
Internal Auditing  “Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. ”  				The Institute of Internal Auditors
Risk Management A process to identify, assess, manage, and control potential events or situations to provide reasonable assurance regarding the achievement of the organization’s objectives. ,[object Object]
  Implemented by Operation Management
  Evaluated by Internal Audit Activity
Oversightedby Board or Audit Committee ,[object Object]
Governance The combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.
Types of Audits Financial audits Compliance audits Operational audits IT audits Forensic audits
Authoritative Guidelines  =  Mandatory Guidance  +   Strongly  Recommended Guidance
Attribute Standards Performance Standards
Attribute Standards Purpose, Authority and Responsibility (1000)     Independence and Objectivity (1100)    Proficiency and Due Professional Care (1200)     Quality Assurance and Improvement Program (1300)
Audit Charter  Purpose, Authority, and Responsibility (1000) Reviewed by: CAE Presented to: Senior Management  Approved by: Board  ,[object Object]
 Authorizes access to records, personnel, and physical properties.,[object Object]
Independence and Objectivity (1100) The internal audit activity must be independent, and internal auditors must be objective in performing their work. Organizational Independence (1110): The chief audit executive must report to a level within the organization that allows the internal audit activity to fulfill its responsibilities. The chief audit executive must confirm to the board, at least annually, the organizational independence of the internal audit activity.
Direct Interaction with the Board (1111): The chief audit executive must communicate and interact directly with the board. Individual Objectivity (1120): Internal auditors must have an impartial, unbiased attitude and avoid any conflict of interest. Impairment to Independence or Objectivity (1130): If independence or objectivity is impaired in fact or appearance, the details of the impairment must be disclosed to appropriate parties. The nature of the disclosure will depend upon the impairment.
Proficiency and Due Professional Care (1200) Proficiency (1210) ,[object Object]
The internal audit activity collectively must possess or obtain the knowledge, skills, and other competencies needed to perform its responsibilities.,[object Object]
Quality Assurance & Improvement Program (1300) The chief audit executive must develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit activity. Requirements of the Quality Assurance and Improvement Program (1310): The quality assurance and improvement program must include both internal andexternal assessments.
Quality Assurance & Improvement Program (1300) The chief audit executive must develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit activity. Requirements of the Quality Assurance and Improvement Program (1310): The quality assurance and improvement program must include both internal andexternal assessments.
Internal Assessments (1311): ,[object Object]
Periodic reviews performed through self-assessment or by other persons within the organization with sufficient knowledge of internal audit practices. External Assessments (1312):  (At least once every five years). CAE discusses with the board: ,[object Object]
The qualifications and independence of the external reviewer or review team, including any potential conflict of interest.,[object Object]
Performance Standards
Code of Ethics Integrity Objectivity Confidentiality Competency
Integrity 1.1. Shall perform their work with honesty, diligence, and responsibility. 1.2. Shall observe the law and make disclosures expected by the law and the profession. 1.3. Shall not knowingly be a party to any illegal activity, or engage in acts that are discreditable to the profession of internal auditing or to the organization. 1.4. Shall respect and contribute to the legitimate and ethical objectives of the organization.
Objectivity 2.1. Shall not participate in any activity or relationship that may impair or be presumed to impair their unbiased assessment. This participation includes those activities or relationships that may be in conflict with the interests of the organization. 2.2. Shall not accept anything that may impair or be presumed to impair their professional judgment. 2.3. Shall disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review.
Confidentiality 3.1. Shall be prudent in the use and protection of information acquired in the course of their duties. 3.2. Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization.

More Related Content

What's hot

Internal audit department
Internal audit departmentInternal audit department
Internal audit departmentPopun
 
Internal Audit And Internal Control Presentation Leo Wachira
Internal Audit And Internal Control Presentation   Leo WachiraInternal Audit And Internal Control Presentation   Leo Wachira
Internal Audit And Internal Control Presentation Leo WachiraJenard Wachira
 
Ppt on risk based internal audit
Ppt on risk based internal auditPpt on risk based internal audit
Ppt on risk based internal auditAmitaMistry2
 
Evolving role of internal auditing function
Evolving role of internal auditing functionEvolving role of internal auditing function
Evolving role of internal auditing functionDebashis Gupta
 
Basic Internal Auditing Presentation
Basic Internal Auditing PresentationBasic Internal Auditing Presentation
Basic Internal Auditing PresentationVernon Benjamin
 
internal audit function ans controller's role in investors relation
 internal audit function ans controller's role in investors relation internal audit function ans controller's role in investors relation
internal audit function ans controller's role in investors relationArgentinaMorata
 
Basic internal auditing
Basic internal auditingBasic internal auditing
Basic internal auditingKhalid Aziz
 
Standards of Internal Audit
Standards of Internal AuditStandards of Internal Audit
Standards of Internal AuditKaran Puri
 
Basic Internal Auditing Presentation
Basic Internal Auditing PresentationBasic Internal Auditing Presentation
Basic Internal Auditing PresentationVernon Benjamin
 
Internal Audit effectiveness
Internal Audit effectivenessInternal Audit effectiveness
Internal Audit effectivenessKaran Puri
 
An introduction to internal auditing
An introduction to internal auditingAn introduction to internal auditing
An introduction to internal auditinggrifff
 
Introduction to internal auditing
Introduction to internal auditingIntroduction to internal auditing
Introduction to internal auditingDavid Griffiths
 

What's hot (20)

Internal Audit
Internal AuditInternal Audit
Internal Audit
 
Internal audit ppt
Internal audit pptInternal audit ppt
Internal audit ppt
 
Internal audit department
Internal audit departmentInternal audit department
Internal audit department
 
Internal Audit And Internal Control Presentation Leo Wachira
Internal Audit And Internal Control Presentation   Leo WachiraInternal Audit And Internal Control Presentation   Leo Wachira
Internal Audit And Internal Control Presentation Leo Wachira
 
Ppt on risk based internal audit
Ppt on risk based internal auditPpt on risk based internal audit
Ppt on risk based internal audit
 
Internal audit
Internal auditInternal audit
Internal audit
 
Evolving role of internal auditing function
Evolving role of internal auditing functionEvolving role of internal auditing function
Evolving role of internal auditing function
 
Basic Internal Auditing Presentation
Basic Internal Auditing PresentationBasic Internal Auditing Presentation
Basic Internal Auditing Presentation
 
Internal controls
Internal controlsInternal controls
Internal controls
 
Internal Audit Reporting
Internal Audit ReportingInternal Audit Reporting
Internal Audit Reporting
 
Coso framework
Coso frameworkCoso framework
Coso framework
 
Internal auditing
Internal auditingInternal auditing
Internal auditing
 
internal audit function ans controller's role in investors relation
 internal audit function ans controller's role in investors relation internal audit function ans controller's role in investors relation
internal audit function ans controller's role in investors relation
 
Basic internal auditing
Basic internal auditingBasic internal auditing
Basic internal auditing
 
Risk based internal auditing
 Risk based internal auditing Risk based internal auditing
Risk based internal auditing
 
Standards of Internal Audit
Standards of Internal AuditStandards of Internal Audit
Standards of Internal Audit
 
Basic Internal Auditing Presentation
Basic Internal Auditing PresentationBasic Internal Auditing Presentation
Basic Internal Auditing Presentation
 
Internal Audit effectiveness
Internal Audit effectivenessInternal Audit effectiveness
Internal Audit effectiveness
 
An introduction to internal auditing
An introduction to internal auditingAn introduction to internal auditing
An introduction to internal auditing
 
Introduction to internal auditing
Introduction to internal auditingIntroduction to internal auditing
Introduction to internal auditing
 

Similar to Internal Auditor Roles

International standards for the professional practice of internal auditing (s...
International standards for the professional practice of internal auditing (s...International standards for the professional practice of internal auditing (s...
International standards for the professional practice of internal auditing (s...Jason Sookram
 
internal audit and its characteristic and features .pptx
internal audit and its characteristic and features .pptxinternal audit and its characteristic and features .pptx
internal audit and its characteristic and features .pptxAnshuman Parashar
 
Foundation of Internal Auditing | Sana Baqai
Foundation of Internal Auditing | Sana BaqaiFoundation of Internal Auditing | Sana Baqai
Foundation of Internal Auditing | Sana BaqaiSana Baqai
 
vdocuments.mx_cia-part-1-slides.ppt
vdocuments.mx_cia-part-1-slides.pptvdocuments.mx_cia-part-1-slides.ppt
vdocuments.mx_cia-part-1-slides.pptFraterne1
 
The Objectives Of Internal Audit
The Objectives Of Internal AuditThe Objectives Of Internal Audit
The Objectives Of Internal AuditSonia Sanchez
 
Information system control and audit
Information system control and auditInformation system control and audit
Information system control and auditAstri Stiawaty
 
Frequently asked questions on auditing in dubai
Frequently asked questions on auditing in dubaiFrequently asked questions on auditing in dubai
Frequently asked questions on auditing in dubaiManeesha35
 
International Professional Practices Framework (IPPF)pdf
International Professional Practices Framework (IPPF)pdfInternational Professional Practices Framework (IPPF)pdf
International Professional Practices Framework (IPPF)pdfAavyaSidhu
 
Overview of Internal Audit
Overview of Internal AuditOverview of Internal Audit
Overview of Internal Auditseanpizzy
 
Internal control and internal audit presentation for bank
Internal control and internal audit  presentation for bankInternal control and internal audit  presentation for bank
Internal control and internal audit presentation for bankMohammad Halim Stanikzai
 
Internal control and Control Self Assessment
Internal control and Control Self AssessmentInternal control and Control Self Assessment
Internal control and Control Self AssessmentManoj Agarwal
 
Internal Audit Of The California Department Of Public...
Internal Audit Of The California Department Of Public...Internal Audit Of The California Department Of Public...
Internal Audit Of The California Department Of Public...Tina Jordan
 
Audit Framework presentation.pptx
Audit Framework presentation.pptxAudit Framework presentation.pptx
Audit Framework presentation.pptxOnwVinx
 
Internal controls
Internal controlsInternal controls
Internal controlsappan_k
 

Similar to Internal Auditor Roles (20)

International Professional Practices Framework Mandatory Guidance
International Professional Practices Framework Mandatory GuidanceInternational Professional Practices Framework Mandatory Guidance
International Professional Practices Framework Mandatory Guidance
 
Recently Updated International Professional Practices Framework
Recently Updated International Professional Practices FrameworkRecently Updated International Professional Practices Framework
Recently Updated International Professional Practices Framework
 
International standards for the professional practice of internal auditing (s...
International standards for the professional practice of internal auditing (s...International standards for the professional practice of internal auditing (s...
International standards for the professional practice of internal auditing (s...
 
internal audit and its characteristic and features .pptx
internal audit and its characteristic and features .pptxinternal audit and its characteristic and features .pptx
internal audit and its characteristic and features .pptx
 
Foundation of Internal Auditing | Sana Baqai
Foundation of Internal Auditing | Sana BaqaiFoundation of Internal Auditing | Sana Baqai
Foundation of Internal Auditing | Sana Baqai
 
The Internal Audit Framework
The Internal Audit FrameworkThe Internal Audit Framework
The Internal Audit Framework
 
vdocuments.mx_cia-part-1-slides.ppt
vdocuments.mx_cia-part-1-slides.pptvdocuments.mx_cia-part-1-slides.ppt
vdocuments.mx_cia-part-1-slides.ppt
 
The Objectives Of Internal Audit
The Objectives Of Internal AuditThe Objectives Of Internal Audit
The Objectives Of Internal Audit
 
Unit 1
Unit 1Unit 1
Unit 1
 
Information system control and audit
Information system control and auditInformation system control and audit
Information system control and audit
 
Frequently asked questions on auditing in dubai
Frequently asked questions on auditing in dubaiFrequently asked questions on auditing in dubai
Frequently asked questions on auditing in dubai
 
International Professional Practices Framework (IPPF)pdf
International Professional Practices Framework (IPPF)pdfInternational Professional Practices Framework (IPPF)pdf
International Professional Practices Framework (IPPF)pdf
 
Internal auditing
Internal auditingInternal auditing
Internal auditing
 
Overview of Internal Audit
Overview of Internal AuditOverview of Internal Audit
Overview of Internal Audit
 
Internal control and internal audit presentation for bank
Internal control and internal audit  presentation for bankInternal control and internal audit  presentation for bank
Internal control and internal audit presentation for bank
 
Internal control and Control Self Assessment
Internal control and Control Self AssessmentInternal control and Control Self Assessment
Internal control and Control Self Assessment
 
Internal Audit Of The California Department Of Public...
Internal Audit Of The California Department Of Public...Internal Audit Of The California Department Of Public...
Internal Audit Of The California Department Of Public...
 
Audit Framework presentation.pptx
Audit Framework presentation.pptxAudit Framework presentation.pptx
Audit Framework presentation.pptx
 
Internal controls
Internal controlsInternal controls
Internal controls
 
2019_SOU_Internal_Audit.pptx
2019_SOU_Internal_Audit.pptx2019_SOU_Internal_Audit.pptx
2019_SOU_Internal_Audit.pptx
 

More from Iyad Mourtada, CMA, CIA, CFE, CCSA, CRMA, CPLP

More from Iyad Mourtada, CMA, CIA, CFE, CCSA, CRMA, CPLP (20)

Fraud Awareness Workshop 2015
Fraud Awareness Workshop 2015Fraud Awareness Workshop 2015
Fraud Awareness Workshop 2015
 
Mastering Enterprise Risk Management Inside Your Organization
Mastering Enterprise Risk Management Inside Your OrganizationMastering Enterprise Risk Management Inside Your Organization
Mastering Enterprise Risk Management Inside Your Organization
 
Financial Orchestra - PICPA Middle East Conference
Financial Orchestra - PICPA Middle East Conference Financial Orchestra - PICPA Middle East Conference
Financial Orchestra - PICPA Middle East Conference
 
Fraud Awareness Program - OpenThinking
Fraud Awareness Program - OpenThinkingFraud Awareness Program - OpenThinking
Fraud Awareness Program - OpenThinking
 
The Experience 2020 - Iyad Mourtada
The Experience 2020 - Iyad MourtadaThe Experience 2020 - Iyad Mourtada
The Experience 2020 - Iyad Mourtada
 
Digital Business Strategy Workshop
Digital Business Strategy Workshop Digital Business Strategy Workshop
Digital Business Strategy Workshop
 
OpenThinking Show - Fraud Case Files
OpenThinking Show - Fraud Case FilesOpenThinking Show - Fraud Case Files
OpenThinking Show - Fraud Case Files
 
The New Basics of Marketing - HBR
The New Basics of Marketing - HBRThe New Basics of Marketing - HBR
The New Basics of Marketing - HBR
 
CPLP Course 2014
CPLP Course 2014CPLP Course 2014
CPLP Course 2014
 
ASTD Competency Model 2013
ASTD Competency Model 2013ASTD Competency Model 2013
ASTD Competency Model 2013
 
Mastering the Certified Professional in Learning and Performance (CPLP) Exam
Mastering the Certified Professional in Learning and Performance (CPLP) ExamMastering the Certified Professional in Learning and Performance (CPLP) Exam
Mastering the Certified Professional in Learning and Performance (CPLP) Exam
 
Financial Statement Fraud
Financial Statement FraudFinancial Statement Fraud
Financial Statement Fraud
 
Fraud prevention and detection within open data environment
Fraud prevention and detection within open data environmentFraud prevention and detection within open data environment
Fraud prevention and detection within open data environment
 
Fraud Game Template
Fraud Game TemplateFraud Game Template
Fraud Game Template
 
How ethical you are?
How ethical you are?How ethical you are?
How ethical you are?
 
How to lie, cheat and steal your way to success
How to lie, cheat and steal your way to successHow to lie, cheat and steal your way to success
How to lie, cheat and steal your way to success
 
Business Swimming Lessons
Business Swimming Lessons Business Swimming Lessons
Business Swimming Lessons
 
Passing the Torch
Passing the Torch Passing the Torch
Passing the Torch
 
How Accountants Cooked the Books
How Accountants Cooked the BooksHow Accountants Cooked the Books
How Accountants Cooked the Books
 
Why Auditors Do Not Discover Fraud
Why Auditors Do Not Discover FraudWhy Auditors Do Not Discover Fraud
Why Auditors Do Not Discover Fraud
 

Recently uploaded

EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersPeter Horsten
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesAurelien Domont, MBA
 
Can Same-Day Delivery Disrupt Crowded E-com Market.pdf
Can Same-Day Delivery Disrupt Crowded E-com Market.pdfCan Same-Day Delivery Disrupt Crowded E-com Market.pdf
Can Same-Day Delivery Disrupt Crowded E-com Market.pdfJasper Colin
 
Customizable Contents Restoration Training
Customizable Contents Restoration TrainingCustomizable Contents Restoration Training
Customizable Contents Restoration TrainingCalvinarnold843
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...Hector Del Castillo, CPM, CPMM
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsIndiaMART InterMESH Limited
 
Unveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesUnveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesDoe Paoro
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreNZSG
 
Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)
Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)
Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)Lviv Startup Club
 
Fundamentals Welcome and Inclusive DEIB
Fundamentals Welcome and  Inclusive DEIBFundamentals Welcome and  Inclusive DEIB
Fundamentals Welcome and Inclusive DEIBGregory DeShields
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Aggregage
 
Who is the Darshan Hiranandani Wife ????
Who is the Darshan Hiranandani Wife ????Who is the Darshan Hiranandani Wife ????
Who is the Darshan Hiranandani Wife ????surajkumarsk121223
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsKnowledgeSeed
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxRich Reba
 
How the Insurance Industry is Scaling with AI
How the Insurance Industry is  Scaling with AIHow the Insurance Industry is  Scaling with AI
How the Insurance Industry is Scaling with AIPeter Ward
 
Saffron and Dates opportunities from Iran .pdf
Saffron and Dates opportunities from Iran .pdfSaffron and Dates opportunities from Iran .pdf
Saffron and Dates opportunities from Iran .pdfRezaSeif2
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverseSiemens
 
Rakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptxRakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptxRakhi Bazaar
 

Recently uploaded (20)

EUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exportersEUDR Info Meeting Ethiopian coffee exporters
EUDR Info Meeting Ethiopian coffee exporters
 
Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and Templates
 
Can Same-Day Delivery Disrupt Crowded E-com Market.pdf
Can Same-Day Delivery Disrupt Crowded E-com Market.pdfCan Same-Day Delivery Disrupt Crowded E-com Market.pdf
Can Same-Day Delivery Disrupt Crowded E-com Market.pdf
 
Customizable Contents Restoration Training
Customizable Contents Restoration TrainingCustomizable Contents Restoration Training
Customizable Contents Restoration Training
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
 
Welding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan DynamicsWelding Electrode Making Machine By Deccan Dynamics
Welding Electrode Making Machine By Deccan Dynamics
 
Unveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic ExperiencesUnveiling the Soundscape Music for Psychedelic Experiences
Unveiling the Soundscape Music for Psychedelic Experiences
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource Centre
 
Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)
Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)
Kyryl Truskovskyi: Training and Serving Open-Sourced Foundational Models (UA)
 
WAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdfWAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdf
 
Fundamentals Welcome and Inclusive DEIB
Fundamentals Welcome and  Inclusive DEIBFundamentals Welcome and  Inclusive DEIB
Fundamentals Welcome and Inclusive DEIB
 
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
Strategic Project Finance Essentials: A Project Manager’s Guide to Financial ...
 
Who is the Darshan Hiranandani Wife ????
Who is the Darshan Hiranandani Wife ????Who is the Darshan Hiranandani Wife ????
Who is the Darshan Hiranandani Wife ????
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applications
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptx
 
How the Insurance Industry is Scaling with AI
How the Insurance Industry is  Scaling with AIHow the Insurance Industry is  Scaling with AI
How the Insurance Industry is Scaling with AI
 
Saffron and Dates opportunities from Iran .pdf
Saffron and Dates opportunities from Iran .pdfSaffron and Dates opportunities from Iran .pdf
Saffron and Dates opportunities from Iran .pdf
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverse
 
Rakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptxRakhi sets symbolizing the bond of love.pptx
Rakhi sets symbolizing the bond of love.pptx
 
Authentically Social - presented by Corey Perlman
Authentically Social - presented by Corey PerlmanAuthentically Social - presented by Corey Perlman
Authentically Social - presented by Corey Perlman
 

Internal Auditor Roles

  • 1. Internal Auditor Roles IyadMourtada, CIA, CMA, CFE
  • 2. Internal Auditing “Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. ” The Institute of Internal Auditors
  • 3.
  • 4. Implemented by Operation Management
  • 5. Evaluated by Internal Audit Activity
  • 6.
  • 7. Governance The combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.
  • 8. Types of Audits Financial audits Compliance audits Operational audits IT audits Forensic audits
  • 9.
  • 10. Authoritative Guidelines = Mandatory Guidance + Strongly Recommended Guidance
  • 12. Attribute Standards Purpose, Authority and Responsibility (1000) Independence and Objectivity (1100) Proficiency and Due Professional Care (1200) Quality Assurance and Improvement Program (1300)
  • 13.
  • 14.
  • 15. Independence and Objectivity (1100) The internal audit activity must be independent, and internal auditors must be objective in performing their work. Organizational Independence (1110): The chief audit executive must report to a level within the organization that allows the internal audit activity to fulfill its responsibilities. The chief audit executive must confirm to the board, at least annually, the organizational independence of the internal audit activity.
  • 16. Direct Interaction with the Board (1111): The chief audit executive must communicate and interact directly with the board. Individual Objectivity (1120): Internal auditors must have an impartial, unbiased attitude and avoid any conflict of interest. Impairment to Independence or Objectivity (1130): If independence or objectivity is impaired in fact or appearance, the details of the impairment must be disclosed to appropriate parties. The nature of the disclosure will depend upon the impairment.
  • 17.
  • 18.
  • 19. Quality Assurance & Improvement Program (1300) The chief audit executive must develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit activity. Requirements of the Quality Assurance and Improvement Program (1310): The quality assurance and improvement program must include both internal andexternal assessments.
  • 20. Quality Assurance & Improvement Program (1300) The chief audit executive must develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit activity. Requirements of the Quality Assurance and Improvement Program (1310): The quality assurance and improvement program must include both internal andexternal assessments.
  • 21.
  • 22.
  • 23.
  • 25. Code of Ethics Integrity Objectivity Confidentiality Competency
  • 26. Integrity 1.1. Shall perform their work with honesty, diligence, and responsibility. 1.2. Shall observe the law and make disclosures expected by the law and the profession. 1.3. Shall not knowingly be a party to any illegal activity, or engage in acts that are discreditable to the profession of internal auditing or to the organization. 1.4. Shall respect and contribute to the legitimate and ethical objectives of the organization.
  • 27. Objectivity 2.1. Shall not participate in any activity or relationship that may impair or be presumed to impair their unbiased assessment. This participation includes those activities or relationships that may be in conflict with the interests of the organization. 2.2. Shall not accept anything that may impair or be presumed to impair their professional judgment. 2.3. Shall disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review.
  • 28. Confidentiality 3.1. Shall be prudent in the use and protection of information acquired in the course of their duties. 3.2. Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization.
  • 29. Competency 4.1. Shall engage only in those services for which they have the necessary knowledge, skills, and experience. 4.2. Shall perform internal audit services in accordance with the International Standards for the Professional Practice of Internal Auditing. 4.3. Shall continually improve their proficiency and the effectiveness and quality of their services.
  • 30.
  • 31. IyadMourtada, CMA, CIA, CFE, CPLP, M.A. iyad.mourtada@gmail.com    http://ae.linkedin.com/in/iyadmourtada http://twitter.com/iyadmourtada http://www.youtube.com/Iyadmourtada http://www.iyadmourtada.com http://www.facebook.com/iyad.mourtada iyadmourtada

Editor's Notes

  1. Comprehensive Textbooks The textbooks contain comprehensive outline summaries of all subjects tested on the CIA examination. The textbooks are designed in a way that follows and covers exactly the examination outline posted by the Institute of Internal Auditors (IIA). There are 4 different books, and each of them covers one of the 4 different parts of the CIA examination. PrepReview SoftwareIncludes preparation sessions, test sessions and exam sessions; User-friendly format allowing users to pick their topics, work on specific lessons, or to take simulated exams.Answers to questions accompanied by a detailed solution that explains the reason behind the answer. Compiles and saves statistics on performanceIncludes over 3300 multiple-choice questionsGives the candidate a better feel of the examinationConnects to a website where the candidate can download extra added practice questions.Participants GuideHandouts include all the slides present on the in-class presentation used by the instructors to present the material. It makes it easier for the candidates to follow the instructors and take notes. There would be no need to waste their times and attention to copy what is presented to them. All they need to do is follow the instructors and take some extra notes based on the explained  material.In-class presentationA PowerPoint Presentations was carefully designed, based on the textbooks and the important material covered in the CIA examination. These presentations are to be used by the instructors, in class, as a mean of support with the teaching methodology. They make it easier for the instructors to explain the material appropriately as well as manage his/her time allocated for a particular lecture.Four presentations were developed for all 4 parts of the CIA examination, and they have been divided into lectures.eFlashcardsMake it easy and convenient to commit to memory the most important principles and rules tested on each section of the CIA Exam. They are a simple, effective and interactive tool for memorizing important material. Tuition-free continuing help (TFCH) PRC’s TFCH is available to you if you fulfill PRCs preparation requirements but do not pass the CIA Exam. TFCH gives you the opportunity to repeat the course tuition free.