Ministry of Defence of Georgia

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Presentation transcript:

Ministry of Defence of Georgia Punching Above your Weight and Making Internal Audit Relevant Nino Karazanashvili Ministry of Defence of Georgia 1 November, 2018

The legislative Framework and International commitments; Content The legislative Framework and International commitments; Major Processes in IA Challenges Key Success Factors

IA legislative Framework and International commitments Law on “Public Internal Financial Control” CHU – Ministry of Finance; In MOD Georgia started functioning in 2014; Georgia-EU Association Agreement (Association Agenda); NATO Building Integrity Program.

Main Processes in the Internal Audit Department Planning Audit Activities Implementation of Annual Plan Monitoring of Implementation of Strategic and Annual Plan Reporting Risk Assessment Developing Strategic and Annual Plans Approval of Strategic and Annual Plans Engagements Organizational Development System Based Audit Performance Audit Compliance Audit Financial Audit IT Audit

Challenges - External/Internal within the organization Implementation of FMC Risk Management system Awareness on Internal Control System and Internal Audit Management of Expectations Frequent Changes: Environmental Organizational Financial Constraints

Challenges - Internal within the IA Staying relevant and handling the pace Doing things for the first time within the system Limited resources Maintaining adequate balance of skills and competency Not compromising the quality Attracting qualified staff in the public sector

Responses – Key Success Factors Staying relevant - Orientation on High Risks Focus effort where most needed Considering cover on other assurance providers Discussion with Senior Management on Major Risks Risk Management within IA Effective Reporting to Senior Management Developing a programme that adds value Managing expectations Easy to understand reports Discuss the results of Audit before reporting to the Minister Enforcing format on ongoing monitoring of IA and SAO recommendations QAIP

Responses – Key Success Factors Efficiency and Effectiveness of Audit Processes QAIP IA Risk Management Developing and revision of relevant processes and procedures IT solutions – Audit Soft Organization Structure and Qualified Staff Develop Optimal Structure Skills development Certification Alternative resourcing models International cooperation and experience sharing within Georgian public sector

Responses – Key Success Factors IA Role and Place in the Organization is perceived correctly and fully QAIP - external assessment New types of audit engagements IA Marketing