Stefan Belchev Internal Audit Director Bulgarian MoF Sofia 18 April 2012.

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Presentation transcript:

Stefan Belchev Internal Audit Director Bulgarian MoF Sofia 18 April 2012

 Why?  When?  How?  Who?

 Law - art.32  Standards – Planning  IA Manual  MoF IA Charter and Internal rules

 Annual base - November/December every year  Single audit engagement - On planning stage

 Setting the risk factors;  Defining of scale for risk assessing of each factor;  Defining of weight of each factor;  Assessing of every unit/process/activity of audit universe;  Prioritize the most risky unit/process/activity

 Activity/Process understanding ;  Defining of risks;  Assessing and measuring of risks;  Identifying and assessing controls ;  Specific audit objectives and audit plan and program

 MoF – CAE/9 internal auditors  Whole PS – 247 IAU/479 internal auditors

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