1. Working Group on Quality Assurance
Plans for the future
Budva, 5 March 2014

2. Working Group on Quality Assurance
Our achievements
developed documents
overall template on quality assessment
guidelines on ongoing supervision
guidelines on the periodic internal assessment of the internal audit function
document in the process of developing
guidelines for the external assessment of the internal audit function by the CHU
guidance for the internal assessment of the CHU

3. Working Group on Quality Assurance
Vision
an independent external review of the internal audit function
cannot be performed by the CHU
when outsourced - quite expensive

4. Working Group on Quality Assurance
Solutions
expert training on quality review
two days - test
a team of quality reviewers
lead by an expert
a mix of CHU staff and heads of internal audit
assess the quality of the internal audit function (including the CHU) in a host country
the expert will coach and assess the individual team members
after two quality engagements
certified quality reviewers - external reviewers who can independently lead quality reviews

5. Working Group on Quality Assurance
Pros
theoretical IA COP efforts supplemented by a hands-on practical approach
certification - a guaranty for quality
independence issue resolved
costs for individual PEMPAL countries limited
a sustainable solution
the PEMPAL donors and sponsors will see a real practical achievement

6. Working Group on Quality Assurance
Cons
impact on PEM PAL budget
risk management issues

7. Working Group on Quality Assurance
Thank you!