1. 1 1 ASSESSMENT OF THE QUALITY OF THE INTERNAL AUDIT PEMPAL LVIV,OKTOBER 2012 Svilena Simeonova Doroteya Manolova

2. 2 CONTENTS  INTRODUCTION  INTERNAL ASSESSMENTS  Ongoing monitoring  Periodic assessment  EXTERNAL ASSESSMENTS -

3. 3 INTRODUCTION 1.Quality Assurance and Improvement program(QAIP)  Objectives of the program  Basic requirements (1300, 1320, 1322 Standards)  Main topics/areas of assessment  Results Action plan

4. 4 INTERNAL ASSESSMENTS Ongoing monitoring:  Engagement Supervision  Feedback (from the audited system/process)  Performance indicators analysis

5. 5 ENGAGEMENT SUPERVISION Basic requirements (2340 Standards)  Objectives of the engagement supervision  Who and When

6. 6 ENGAGEMENT SUPERVISION  Planning  Factual checks  Reporting  Follow-up

7. 7 ENGAGEMENT SUPERVISION Planning  Understanding of the process  Objectives, scope  Risks, controls  Strategy (type and number of the tests, samplings), documents drafted  Audit plan, audit program  Communication

8. 8 ENGAGEMENT SUPERVISION  Factual checks  Performance of the procedures  Documentation of the work  Draft of findings, conclusions and recommendations  Communication

9. 9 ENGAGEMENT SUPERVISION Reporting  Contents and quality of the audit report  Action plan  Communication

10. 10 ENGAGEMENT SUPERVISION Follow-up  Register of the recommendations  Actual information about the implementation of the activities, connected to the recommendations  Follow-up audit

11. THANK YOU FOR YOUR ATTENTION! 11