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The modern role of internal auditing in
government
Rob NewsomeAfrican Regional Director
Definition of Internal Auditing
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Global Changes and Trends
Global & organizational changeTechnological innovationLegislative imperativesPrivatization in emerging economiesClient’s changing expectationsRisk Management
How is the audit profession changing in Africa?
Independence becoming more important
Focus and scope will expand further into governance and risk
Expanded expertise
Pre audits disappearing
Audit of management activity
Internal auditing and the global financial architecture
Established role in IFACPublic sector internal auditing previously not considered, but….IIA actively involved with INTOSAIIIA actively involved in IFAC public sector initiativesINTOSAI now active in IFACPublic sector internal auditing now internationally acknowledged
Risk Management
Governance
E-Business
Privacy
Technology
Environmental, Health & Safety
External Auditor Independence Issues
Fraud, Money Laundering
Outsourcing / Co-sourcing
Current Critical Issues
Future Trends for Internal Auditors
Increased competency levelsStronger than average computer skillsMore in-depth understanding of the businessCertifications
What can Internal Auditors Continue to do?
Comply with the Professional StandardsObtain professionally recognized qualificationsEmbrace modern risk & control frameworksFocus on the management of risksContinue to educate and coach management on the importance of managing and controlling risks
The Institute of Internal Auditors Mission Statement
To be the primary international professional association, organized on a worldwide basis, dedicated to the promotion and development of the practice of Internal Auditing
The IIA Motto
Progress Through Sharing
The IIA
1990 Membership = 39000
2003 Membership = over 84000
49% in North America and Caribbean
51% in other countries
Approximately 250 IIA Chapters and National Institutes worldwide located in more than 100 countries
The IIA in AfricaAlgeria
Botswana
Cameroon
Egypt
Ethiopia
Ghana
Mali
Morocco
Nairobi
Nigeria
Senegal
South Africa
Tunisia
Zambia
Zimbabwe
IIA Africa Initiatives
Interaction with public sector associations e.g. ESAAGInvolvement with the Pan African Consultative Forum on Corporate GovernanceRegional Training seminarsEstablishing Regional Secretariat
IIA and the Public Sector in South Africa- an example of co-operation.
Public Finance and Management Act (PFMA) requirement for internal audit functions to comply with IIA Standards.
Linking IPFA and IIA activities with special interest groups for public sector internal auditors.
IIA and the Public Sector in South Africa- an example of co-operation – continued…
Specific director position on the IIA-SA Board for the public sector.
Development of public sector training courses.
Providing professional representation to government officials on matters impacting on internal audit.
IIA Influencing the Profession
Professional Practices FrameworkGlobal CertificationControl Models Critical Infrastructure ProtectionRisk ManagementVarious Research ProjectsCollaboration and representation
Certified Internal Auditor (CIA®)
Designation is recognized and accepted worldwide.The CIA® has been in existence for more than 27 yearsMore than 42000 internal auditors hold this designationThe CIA ® is provided in 12 languages
Some IIA Contacts for AfricaZimbabweMs. Portia JohnPO Box 6170Harare ZIMBABWEBusiness no: 263 780265Email: [email protected]
ZambiaMr. Hamish Isaac Chipungu,
CIABank of ZambiaPO Box 30080Lusaka ZAMBIABusiness no: (260) 122-7206Fax no.: (260) 122-1781Email: [email protected]
EthiopiaMr. Wolderuphael W. GiorgisPO Box 26887Addis Ababa ETHIOPIABusiness no.: (251) 171-1277 202Fax no.: (251) 171-1912Email: [email protected]
KenyaRev. Philip Julius Opwora
Makokha Government of KenyaPO Box 8605Nairobi 00100 KENYAPhone no.: 254 2 318 967Fax no.: 254 2 336 545Email: [email protected]
Malawi (#295)Mr. Macfussy Michael KawawaNational Bank Of MalawiPO Box 945Blantyre MALAWIBusiness no.: 265 624022 Fax no.: 265 624548Email: [email protected]
Some IIA Contacts for AfricaRegional Director Africa.
Rob Newsome
4 Kerry Road
Parkview 2193
Johannesburg
SOUTH AFRICA
Business no.: 27 83 222 5970
Fax no.: 27 11 301 8484
E-mail: [email protected]
Sylvia BoydAssistant Vice President, Global
DevelopmentThe Institute of Internal Auditors247 Maitland AvenueAltamonte Springs, Florida
32701-4201, USATel: +1-407-937 1374Fax: +1-407-937 1101Email: [email protected] Web site: www.theiia.org
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