1. Audit-in-Practice (AiP) WG Recent achivements and the next steps
Internal audit
Community of practice
Audit-in-Practice (AiP) WG
Recent achivements and the next steps
Tsaghkadzor, June 2018

2. AiP – fourth meeting First meeting - Budapest– March 2017
Second meeting – Tashkent – October 2017
Third meeting - Bruxelles – March 2018

3. AiP WG – first meeting Review the complete audit cycle Planing1.
Planing 2.
Preliminary Survey 3.
Fieldwork 4.
Reporting 5.
Action Plan
(includes quality
satisfaction) 6.
Follow-Up
Review the complete audit cycle

4. AiP WG – first meeting
Understand the theory and practice in establishing audit objectives (ISPPIA 2210 – Engagement Objectives)
What are the kay challenges?
Depend on type of internal audit (compliance, financial, performance....).
Determine flow of an audit process and internal auditors challenge to sucseed plan engagement.
Learned on Case study: AUDIT - Process of food provision for detained persons

5. AiP WG - Second meeting
3 case studies (objectives, criteria, scope, risks):
Hospital
HRM IT
Audit program (template)
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6. AiP WG - Third meeting 2 case studies:
Hospital - Risk / control matrix
HRM - Risk / control matrix
Updated Audit program (template) - Sequencing/steps of the audit ENGAGEMENT planning process
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7. Objectives and expected outputs and outcomes
Learn the key recent developments and achievements in implementing public internal financial control reform and improving the effectiveness of internal audit in Armenia
Draft IACOP knowledge product on Internal Audit Engagement Planning
Identify CHU good practices in annual reporting of the country level internal audit performance
Expected outputs and outcomes
Understanding of approaches in PIFC and internal audit reform progress in Armenia
Draft templates of  the IACOP knowledge product on Internal Audit Engagement Planning with templates and examples, including
 Template on audit planning
Template on audit/work program
Template on risk/control matrix
Knowledge of good practices in CHU annual reporting