The Internal Auditor s Duties Outside of Auditing
|
|
|
- Baldric Carson
- 6 years ago
- Views:
Transcription
1 The Internal Auditor s Duties Outside of Auditing Dean Rohne, CPA, CIA dean.rohne@claconnect.com 1 1
2 Session Objectives Discuss the internal auditor s interaction with the supervisory committee and management Review the role of quality assurance reviews Discuss training for internal auditors Review the requirements for due care 2
3 Resources ACUIA Institute of Internal Auditors (IIA) American Institute of Certified Public Accountants (AICPA) - Audit committee effectiveness center 3
4 The Basics Does everybody have the following? Internal audit charter Dual reporting relationship Supervisory committee CEO How many follow IIA standards in completing audits? How many have had a quality assurance review? 4
5 Reporting Relationship IIA Standard 1100 Independence Freedom from conditions that threaten the ability for internal audit to carry out their responsibilities in an unbiased manner Direct and unrestricted access to senior management and the supervisory committee Report to a level within the organization that allows internal audit to fulfill responsibilities Objective Unbiased mental attitude that results in no quality compromises Auditors do not subordinate their judgment to audit related items to others 5
6 Working with the Supervisory Committee To have an effective relationship the following are key considerations: Communicating openly and candidly with the supervisory committee Reporting regularly and timely, which can be both formal and informal Follow the audit plan that was approved 6
7 Working with the Supervisory Committee To have an effective relationship the following are key considerations: Ensure internal audit s role and activities are clearly understood by the committee Internal audit function is responsive to the needs of the committee Keep the committee informed 7
8 Working with the Supervisory Committee Communicating Openly and Candidly Gather, evaluate, and summarize data and evidence with care and precision Identify and express observations, conclusions, and recommendations without prejudice, partisanship, personal interests, and the undue influence of others Improve clarity by avoiding unnecessary technical language and providing all significant and relevant information in context 8
9 Working with the Supervisory Committee Reporting Regularly and Timely Have an agenda prepared prior to a meeting with the supervisory committee, whether a formal or informal meeting Depending on the circumstances going on at the credit union you may have additional communication with the supervisory committee chair or individual members of the supervisory committee Periodic s or other communication might be beneficial to committee members between regularly scheduled meetings. 9
10 Working with the Supervisory Committee Reporting Regularly and Timely Benefits Builds a relationship with the committee members Maintains awareness of the activities of internal audit and the credit union 10
11 Working with the Supervisory Committee Reporting Regularly and Timely Use the following guidelines Timely Relevant Fact based Balanced Objective Complete 11
12 Working with the Supervisory Committee Reporting Regularly and Timely Use the following guidelines Consider tone and formality Avoid making presumptuous comments without sufficient facts Consider the consequences that editorial comments on control weaknesses and other management failures can create 12
13 Working with the Supervisory Committee Reporting Regularly and Timely Use the following guidelines Document communications if required for professional or business reasons Do not wait until there is a need to build a strong relationship with the committee Address potential conflicts with the committee and management based on the internal audit charter 13
14 Case Study 1 The Credit Union has a business credit card policy that is vague in a number areas related to travel expenses. During an audit of business credit cards you identify the CEO has a number of questionable expenses over the course of the last six months. These expenses include first class flight upgrades, clothing purchases at a local golf club where the credit union has a membership, and suite upgrades for hotel stays. The expense reports have all been approved by the board chair. You also determine the CEO has made a number of questionable business decisions such as leasing an offsite office space close to his residence and obtaining board approval for unlimited paid time off while selling back six weeks of his earned PTO in exchange for cash. What course of action should you pursue? 14
15 Working with the Supervisory Committee Communicating Sensitive Matters Consider need to consult with key members of management, including legal counsel Facts and details are available and documented Findings can be verified and any opinions and conjecture are clearly articulated as such Communication is timely and urgent 15
16 Working with the Supervisory Committee Communicating Sensitive Matters Internal auditor might see management attempts to delay or omit certain information Consider reporting obligations in accordance with professional standards or policies IIA AICPA Internal audit charter Credit union code of conduct 16
17 Working with the Supervisory Committee Following the audit plan that was approved Provide regular status updates to the plan Be forthcoming if you will not be able to complete plan as originally intended Can be modified to address changes in risk Regulatory changes Product changes Service changes 17
18 Working with the Supervisory Committee Ensure internal audit s role and activities are clearly understood by the committee Review frequently Consider providing status updates in between regularly scheduled meetings Depending on experience of the committee consider need to periodically review detail procedures for certain areas 18
19 Working with the Supervisory Committee Internal audit function is responsive to the needs of the committee Solicit feedback on concerns of committee members Keep the Committee Informed Status updates Industry information Regulatory information Consider use of a supervisory committee packet 19
20 Case Study 2 You are currently completing an audit of accrued expenses. You recalculate the amount of accrued payroll and determine the credit union is short in their accrual by approximately $100,000. The Credit Union has an incentive policy that if the Credit Union has a one percent return on average assets all employees receive a bonus of two percent of their compensation. You determine this shortage in the accrued payroll allows the Credit Union to meet the incentive. What course of action should you pursue? 20
21 Working with Management Communicate frequently Solicit feedback with audit plan development Initiate communication at the start of an audit with appropriate management groups Identify scope Use of a planning letter Provide status update throughout the scope of the audit Schedule an exit meeting Incorporate management response into reporting process 21
22 Working with Management Stay informed Attend management team meetings Attend board meetings or read board minutes Attend strategic planning meetings Maintain independence Refrain from making management decisions 22
23 Quality Assurance and Improvement Program IIA Standard 1300/1310 Documented quality assurance and improvement program Quality procedures in place Performance indicators for the internal audit function Results of assessments performed Use of surveys Activity reports Designed to be an evaluation of internal audit s activity in conformance with IIA Standards. 23
24 Quality Assurance and Improvement Program IIA Standard 1300/1310 Internal assessments Ongoing monitoring of the internal audit activity Client surveys Workpaper reviews Assessment of internal audit staff Periodic self-assessment or assessment by another person within the organization with adequate knowledge Key part of day to day supervision, review and measurement 24
25 Quality Assurance Program IIA Standard 1300/1310 External assessments Must be conducted at least once every five years by a qualified, independent assessor Can be one of the following Full assessment Self assessment with independent validation Communicate results to supervisory committee 25
26 Quality Communications Gather, evaluate, and summarize data and evidence with care and precision Identify and express observations, conclusions, and recommendations without prejudice, partisanship, personal interests, and the undue influence of others Improve clarity by avoiding unnecessary technical language and providing all significant and relevant information in context 26
27 Quality Communications Develop communications with the objective of making each element meaningful but succinct Adopt a positive, well-meaning content and tone that focuses on the credit union s objectives Ensure communication is consistent with the credit union s style and culture Plan the timing of presenting the results of the engagement to avoid unnecessary delay 27
28 Case Study 3 During an audit of payroll you determine the payroll accountant has created a fictitious employee and embezzled $5,000 over the last three months. What is your response in reporting this finding? Does your response change if the amount is $500,000? 28
29 Professional Development IIA Standard 1230 Internal auditors must enhance their knowledge, skills, and other competencies through continuing professional development Many resources available Can include all of the following: Audit proficiency Technical skills Industry knowledge Communication and leadership skills 29
30 Professional Development Consider also including the following: Maintain an inventory of the department Expertise Certifications Organizations Prepare an annual and long range professional development plan for the department Identify current and future needs including long term training needs Identify areas where specialists are needed 30
31 Planning Annual audit plan Three to five year plan with annual updates Utilize a risk assessment Provides a link to the operational and strategic risks of the credit union Management input to the plan Provides an opportunity for management to address risks they have identified Should be completed after credit union s strategic planning session has occurred 31
32 Planning Individual audit plans Include audit objectives, activity s risk, controls Could include use of audit engagement letter Should include consideration of fraud in every engagement Include use of specialists 32
33 Management Acceptance of Risk IIA Standard 2600 Communicating the acceptance of risk If CAE determines that management has accepted a level of risk that may be unacceptable the CAE must discuss the matter with senior management. If the CAE determines the matter has not been resolved, the CAE must communicate the matter to the supervisory committee. 33
34 Use of Technology Use of purchased audit programs Use of audit software Paper workpapers vs paperless Use of data extraction 34
35 Consulting Engagements Can provide added value to the credit union If identified ahead of time include them in the annual audit plan Should have an engagement letter in place Defines scope of the project Maintains independence 35
36 Case Study 4 You as chief audit executive (CAE) just received news you were approved to add another staff member to your department. The person that is hired comes from the credit union s operations department and was responsible for processing ACH returns within the credit union. Management has asked your department to assist in providing an assessment and recommendations for improving the operational efficiency of the ACH department when you complete the annual ACH audit. Given your new staff member s experience what role do you have them play in completing the tasks described above for ACH? 36
37 Contact Us Dean Rohne, CPA, CIA claconnet.com Follow our blog for current discussions on credit unions cliftonlarsonallen 37
Implementation Guides
Implementation Guides Implementation Guides assist internal auditors in applying the Definition of Internal Auditing, the Code of Ethics, and the Standards and promoting good practices. Implementation
International Standards for the Professional Practice of Internal Auditing (Standards)
INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS) Attribute Standards 1000 Purpose, Authority, and Responsibility The purpose, authority, and responsibility of the
Quality Assurance and Improvement Program (QAIP)
Quality Assurance and Improvement Program (QAIP) Presenters: Lori Carmichael, CPA Rafael Guijarro, CPA Florida Michigan North Carolina Texas Insight. Oversight. Foresight. Class Overview Overview- QAIP
INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS)
INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS) ATTRIBUTE STANDARDS 1000 Purpose, Authority and Responsibility The purpose, authority, and responsibility of the internal
GoldSRD Audit 101 Table of Contents & Resource Listing
Au GoldSRD Audit 101 Table of Contents & Resource Listing I. IIA Standards II. GTAG I (Example Copy of the Contents of the GTAG Series) III. Example Audit Workprogram IV. Audit Test Workpaper Example V.
INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING
INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING Attribute Standards 1000 Purpose, Authority, and Responsibility The purpose, authority, and responsibility of the internal audit
Report. Quality Assessment of Internal Audit at <Organisation> Draft Report / Final Report
Report Quality Assessment of Internal Audit at Draft Report / Final Report Quality Self-Assessment by Independent Validation by Table of Contents 1.
International Standards for the Professional Practice of Internal Auditing (Standards)
Attribute Standards 1000 Purpose, Authority, and Responsibility The purpose, authority, and responsibility of the internal audit activity must be formally defined in an internal audit charter, consistent
IPPF Practice Guide. Interaction with the Board
Interaction with the Board August 2011 Table of Contents Executive Summary... 1 Introduction... 1 1000 Purpose, Authority, and Responsibility... 1 Internal Auditing s Relationship with the Board... 3 A.
SIAAB Guidance #02 Internal Audit Independence- Interaction with Agency Head, Senior Staff and Placement Within the Organizational Structure
SIAAB Guidance #02 Internal Audit Independence- Interaction with Agency Head, Senior Staff and Placement Within the Organizational Structure SIAAB Interpretation Adopted July 9, 2013 Revised In Accordance
Glossary. Chartered Institute of Internal Auditors. 26 July Add value. Adequate control. Assurance services. Board. Charter
26 July 2017 Glossary Chartered Institute of Internal Auditors This glossary explains the specific meanings of some terms that are used in the The International Standards. Add value The internal audit
Implementation Guide 2060
Implementation Guide 2060 Standard 2060 Reporting to Senior Management and the Board The chief audit executive must report periodically to senior management and the board on the internal audit activity
Internal Audit Charter
Internal Audit Charter 1. Introduction (QLD) Financial and Performance Management Standard 2009, the Subordinate Legislation made under the Financial Accountability Act 2009, requires that: The internal
Internal Audit Quality Analysis Evaluation against the Standards International Standards for the Professional Practice of Internal Auditing (2017)
Internal Audit Quality Analysis Evaluation against the Standards International Standards for the Professional Practice of Internal Auditing (2017) Assessor 1: Assessor 2: Date: Date: Legend: Generally
2012 IIA Standards Update
2012 IIA Standards Update International Internal Audit Standards Board (IIASB) October 2012 1 Session Overview Why the Standards matter Standards-setting due process The key changes in 2012 Best practices
INTERNAL AUDIT PLAN AND CHARTER 2018/19
INTERNAL AUDIT PLAN AND CHARTER 208/9 PURPOSE OF REPORT. To present the proposed 208/9 audit plan and charter to the Audit Committee for consideration and approval..2 The Internal Audit Plan for 208/9
Implementation Guide 1200
Implementation Guide 1200 Standard 1200 Proficiency and Due Professional Care Engagements must be performed with proficiency and due professional care. Revised Standards Effective 1 January 2017 Getting
Internal Audit Standards Board Disposition on the 2010 Standards Exposure Results/Comments. Introduction
Introduction The IIA s Internal Audit Standards Board proposed changes to some of the International Standards for the Professional Practice of Internal Auditing (Standards) as well as recommended new Standards.
Implementation Guide 2340
Implementation Guide 2340 Standard 2340 Engagement Supervision Engagements must be properly supervised to ensure objectives are achieved, quality is assured, and staff is developed. Interpretation: The
3.6.2 Internal Audit Charter Adopted by the Board: November 12, 2013
3.6.2 Internal Audit Charter Adopted by the Board: November 12, 2013 I. PURPOSE The purpose of this Charter is to formally define LACERS internal audit function s purpose, authority, and responsibility.
Lake County School District. Quality Assurance & Improvement Program. Internal Self-Assessment for. The Internal Audit Department
Lake County School District Quality Assurance & Improvement Program Internal Self-Assessment for The Internal Audit Department Fiscal Year 2017 2018 Completed By: Thomas A. Mock, CIA Date: January 31,
FEDERAL HOME LOAN BANK OF INDIANAPOLIS CHARTER FOR THE AUDIT COMMITTEE
BOARD APPROVAL: JULY 16, 2015 FEDERAL HOME LOAN BANK OF INDIANAPOLIS Mission The mission of the Audit Committee ( Committee ) is to assist the Board of Directors ( Board ) in fulfilling its fiduciary responsibilities
International Standards for the Professional Practice of Internal Auditing
Internal Audit Quality: Developing a Quality Assurance and Improvement Program, First Edition. Sally-Anne Pitt. 2014 by John Wiley & Sons, Inc. Published 2014 by John Wiley & Sons, Inc. APPENDIX A International
Practice Advisory : Internal Audit Charter
Combined PAs Page 1 of 63 Practice Advisory 1000-1: Internal Audit Charter 1000 Purpose, Authority, and Responsibility The purpose, authority, and responsibility of the internal audit activity must be
10/5/2016. Quality Assessment Review. Agenda. What s the purpose of a QAR? Internal Audit Manager Training October 3-4, 2016
Quality Assessment Review Internal Audit Manager Training October 3-4, 2016 Lori Clark CIGA, CCEP, CGAP Compliance & Audit Specialist State University System of Florida Agenda What s the purpose of a QAR?
Implementation Guide 2050
Implementation Guide 2050 Standard 2050 Coordination and Reliance The chief audit executive should share information, coordinate activities, and consider relying upon the work of other internal and external
SIAAB Guidance #05. Conforming with FCIAA and Standards in Small Audit Functions in the State of Illinois. Adopted December 8, 2015
SIAAB Guidance #05 Conforming with FCIAA and Standards in Small Audit Functions in the State of Illinois Adopted December 8, 2015 Revised In Accordance with 2017 Standards Effective January 1, 2017 ***
Implementation Guide 1311
Implementation Guide 1311 Standard 1311 Internal Assessments Internal assessments must include: Ongoing monitoring of the performance of the internal audit activity. Periodic self-assessments or assessments
BARBADOS DAIRY INDUSTRIES LIMITED AUDIT COMMITTEE CHARTER
BARBADOS DAIRY INDUSTRIES LIMITED AUDIT COMMITTEE CHARTER 2014 14 11 07 - BDIL Audit Committee Charter4 1 AUDIT COMMITTEE CHARTER TABLE OF CONTENTS 1. PURPOSE 2. COMPOSITION Size Appointment of Committee
Conducting an Audit Committee Self-Evaluation: Guidelines and Questions
Conducting an Audit Committee Self-Evaluation: Guidelines and Questions Purpose of This Tool. Audit committees should consider conducting a comprehensive selfevaluation on an annual basis. This can be
Dexia Group Audit Charter
January 2013 Dexia Group Audit Charter The present Charter states the fundamental principles governing the internal audit function in the Dexia Group, describing its objectives, its role, responsibilities
Implementation Guide 2000
Implementation Guide 2000 Standard 2000 Managing the Internal Audit Activity The chief audit executive must effectively manage the internal audit activity to ensure it adds value to the organization. Interpretation:
Corporate Governance Principles
Effective Date: January 1, 2018 Corporate Governance Principles The following principles have been approved by the Board of Directors (the Board ) of Biogen Inc. (the Company or Biogen ). The Company s
SUNEDISON, INC. AUDIT COMMITTEE CHARTER (Adopted October 29, 2008)
SUNEDISON, INC. AUDIT COMMITTEE CHARTER (Adopted October 29, 2008) I. Purpose The primary purpose of the Audit Committee of the Board of Directors (the Committee ) is to assist the Board of Directors in
Implementation Guide 1000
Implementation Guide 1000 Standard 1000 Purpose, Authority, and Responsibility The purpose, authority, and responsibility of the internal audit activity must be formally defined in an internal audit charter,
PPG INDUSTRIES, INC. AUDIT COMMITTEE CHARTER
PPG INDUSTRIES, INC. AUDIT COMMITTEE CHARTER Last revised September 21, 2017 Audit Committee Composition The Audit Committee (the Committee ) shall be appointed by the Board of Directors of the Company
AUDIT COMMITTEE REPORTING: TRENDS & BEST PRACTICES Timothy Etoori Head of Internal Audit UGAFODE Microfinance
AUDIT COMMITTEE REPORTING: TRENDS & BEST PRACTICES Timothy Etoori Head of Internal Audit UGAFODE Microfinance The Internal Auditors Workshop Institute of Certified Public Accountants of Uganda 1 2 February,
BROWN-FORMAN CORPORATION CORPORATE GOVERNANCE GUIDELINES
BROWN-FORMAN CORPORATION CORPORATE GOVERNANCE GUIDELINES The Board of Directors (the Board ) of Brown-Forman Corporation (the Company ) has adopted these Corporate Governance Guidelines to assist the Board
2014 BOARD OF DIRECTORS SELF-ASSESSMENT MIDCONTINENT INDEPENDENT SYSTEM OPERATOR, INC.
2014 BOARD OF DIRECTORS SELF-ASSESSMENT MIDCONTINENT INDEPENDENT SYSTEM OPERATOR, INC. In order to assess the performance of the MISO Board of Directors in carrying out its responsibilities, the Board
Guidance Note: Corporate Governance - Audit Committee. March Ce document est aussi disponible en français.
Guidance Note: Corporate Governance - Audit Committee March 2015 Ce document est aussi disponible en français. Applicability The Guidance Note: Corporate Governance Audit Committee (the Guidance Note )
GOVERNANCE POLICY. Adopted January 4, 2018
GOVERNANCE POLICY Adopted January 4, 2018 Table of Contents A. Composition of the Board... 1 B. Board Leadership... 5 C. Board Compensation and Performance... 5 D. Board of Directors Responsibilities...
Guidance Note: Corporate Governance - Audit Committee. January Ce document est aussi disponible en français.
Guidance Note: Corporate Governance - Audit Committee January 2018 Ce document est aussi disponible en français. Applicability The Guidance Note: Corporate Governance Audit Committee (the Guidance Note
Audit Committee Charter
Audit Committee Charter Purpose The purpose of the Audit Committee (the "Committee") shall be as follows: 1. To oversee the accounting and financial reporting processes of the Company and audits of the
OFFICE OF INTERNAL AUDITS APPALACHIAN STATE UNIVERSITY AUDIT MANUAL
OFFICE OF INTERNAL AUDITS APPALACHIAN STATE UNIVERSITY AUDIT MANUAL June, 2018 AUDIT MANUAL TABLE OF CONTENTS SECTION 100 THE INTERNAL AUDIT ACTIVITY 100.1: Audit Activity Charter 100.2: State Agency General
THE PARADOX OF DUAL REPORTING AND INTERNAL AUDITORS INDEPENDENCE
THE PARADOX OF DUAL REPORTING AND INTERNAL AUDITORS INDEPENDENCE What is internal auditing? It is an independent objective assurance and consulting activity designed to add value and improve organizations
ABCANN GLOBAL CORPORATION CORPORATE GOVERNANCE POLICIES AND PROCEDURES
ABCANN GLOBAL CORPORATION CORPORATE GOVERNANCE POLICIES AND PROCEDURES OCTOBER 12, 2017 LIST OF SCHEDULES A. Board Mandate B. Audit Committee Charter C. Compensation Committee Charter D. Nominating and
Audit Committee Charter Matrix
Audit Matrix PURPOSE OF THIS TOOL: Preparing an audit committee charter is often referred to as a best practice and is required for many public companies. It is encouraged for most organizations and required
The Paradox of Dual Reporting and Internal Auditor s Independence
The Paradox of Dual Reporting and Internal Auditor s Independence Presentation by: Fiona J. Korir (Ph.D Fellow) Friday, 23 rd June, 2017 Uphold public interest It is an independent objective assurance
CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF ISRAMCO, INC.
CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF ISRAMCO, INC. I. AUDIT COMMITTEE PURPOSE The Audit Committee of the Board of Directors of Isramco, Inc. (the Corporation ) is appointed by the
NANTKWEST, INC. CORPORATE GOVERNANCE GUIDELINES
NANTKWEST, INC. CORPORATE GOVERNANCE GUIDELINES Adopted and approved May 26, 2015 and effective as of the Company s initial public offering. Updated March 2017 These guidelines have been adopted by the
NEVRO CORP. CORPORATE GOVERNANCE GUIDELINES. (Adopted October 9, 2014)
NEVRO CORP. CORPORATE GOVERNANCE GUIDELINES (Adopted October 9, 2014) The Board of Directors (the Board ) of Nevro Corp., a Delaware corporation (the Company ), has adopted the following Corporate Governance
W. R. GRACE & CO. CORPORATE GOVERNANCE PRINCIPLES
W. R. GRACE & CO. CORPORATE GOVERNANCE PRINCIPLES The primary responsibility of the directors of W. R. Grace & Co. is to exercise their business judgment to act in what they reasonably believe to be in
FIRST SOLAR, INC. CORPORATE GOVERNANCE GUIDELINES. A. The Roles of the Board of Directors and Management
FIRST SOLAR, INC. CORPORATE GOVERNANCE GUIDELINES A. The Roles of the Board of Directors and Management 1. The Board of Directors - The business of First Solar, Inc. (the Company ) shall be conducted under
External Quality Assessment Are You Ready? Institute of Internal Auditors
External Quality Assessment Are You Ready? Institute of Internal Auditors Objectives Describe frameworks used to assess the quality of an IA activity Discuss benefits, challenges, and success factors related
GREEN BRICK PARTNERS. Board of Directors Corporate Governance Guidelines
GREEN BRICK PARTNERS Board of Directors Corporate Governance Guidelines The following guidelines have been approved by the Board of Directors (the Board ). The guidelines, along with the Amended and Restated
Hiring and Staff: An Effective Internal Department
2017 ACUIA Region 6 Conference Hiring and Staff: An Effective Internal Department Presented by: Lori Carmichael, CPA Rafael Guijarro, CPA Financial Institutions Group Michigan Texas Florida Insight. Oversight.
Practice Guide. Developing the Internal Audit Strategic Plan
Practice Guide Developing the Internal Audit Strategic Plan JUly 2012 Table of Contents Executive Summary... 1 Introduction... 2 Strategic Plan Definition and Development... 2 Review of Strategic Plan...
CIRCOR International, Inc. Principles of Corporate Governance
CIRCOR International, Inc. Principles of Corporate Governance Purpose of the Board of Directors The primary role of the Board of Directors is to represent the interests of the Company s shareholders in
Western Rockies Federal Credit Union POSITION DESCRIPTION
Western Rockies Federal Credit Union POSITION DESCRIPTION POSITION TITLE: Branch Manager DEPARTMENT: Branch CLASSIFICATION: Exempt APPROVED BY: President/CEO REPORTING RELATIONSHIPS POSITION REPORTS TO:
Bank of Botswana Internal Audit Charter March 18, 2013 INTERNAL AUDIT CHARTER BANK OF BOTSWANA
INTERNAL AUDIT CHARTER BANK OF BOTSWANA 1 CONTENTS PAGE 1. PURPOSE OF THE INTERNAL AUDIT CHARTER 3 2. PURPOSE OF THE INTERNAL AUDIT DIVISION 3 3. POLICY STATEMENTS 3 3.1 Establishment of the Internal Audit
A-9: Audit Committee Effectiveness
A-9: Audit Committee Effectiveness Renée W. Jaenicke, CPA, CIA Renown Health 2011 AHIA Annual Conference www.ahia.org Renown Health and Internal Audit Our Journey Sources and Presentations Please ask questions
Toyota Financial Services (South Africa) Limited: King III Principles
FOR THE YEAR ENDED 31 MARCH 2017 KING III - PRINCIPLES TOYOTA FINANCIAL SERVICES (SOUTH AFRICA) LIMITED (TFSSA) To be read in conjunction with the 2017 Annual Financial Statements Toyota Financial Services
Internal Audit Mandate
1. Constitution 1.1. As a vital component of good Corporate Governance, an in-house and centralised Internal Audit function has been established by the Mr Price Group Board of Directors. 1.2. This function
The University of Texas at San Antonio 2014 External Quality Assessment of the Auditing and Consulting Services Office
www.pwc.com The University of Texas at San Antonio 2014 External Quality Assessment of the Auditing and Consulting Services Office July 9, 2014 Mr. Dick Dawson Chief Audit Executive The University of Texas
EATON CORPORATION plc Board of Directors Governance Policies Last Revised: October 24, 2017 Last Reviewed: October 24, 2017
111117 EATON CORPORATION plc Board of Directors Governance Policies Last Revised: October 24, 2017 Last Reviewed: October 24, 2017 I. BOARD ORGANIZATION AND COMPOSITION A. Size and Structure of Board.
FLORIDA STATE UNIVERSITY Office of Inspector General Services Report #17-06
FLORIDA STATE UNIVERSITY Office of Inspector General Services Report #17-06 Self-Assessment with External Independent Validation May 9, 2017 Sam McCall, PhD, CPA, CGMA, CGFM, CIA, CGAP, CIG, Chief Audit
Periodic internal quality assessment Questions for discussion
Purpose, Authority, and Responsibility 1. Is the role of internal audit clearly defined in a document (a law, an act or a charter)? 2. Does this document also explain that we are not accountable for any
Internal Auditing 101
Internal Auditing 101 Presented By: Sam Capuano - Manager of Internal Audit, Wolf & Co. John Gallagher - Director of Internal Audit, SEFCU (NY) Barry Lucas - Internal Auditor, Desco FCU (Ohio) 1 Introductions
Kentucky State University Office of Internal Audit
Draft for Discussion Only P&P Manual Section - Policy# I. Function and Responsibilities MISSION Mission Statement Definition of Internal Auditing PURPOSE, AUTHORITY, RESPONSIBILITY Audit Charter STANDARDS
GTT COMMUNICATIONS, INC. AUDIT COMMITTEE CHARTER
GTT COMMUNICATIONS, INC. AUDIT COMMITTEE CHARTER This Audit Committee Charter (this Charter ) was adopted by the Board of Directors (the Board ) of GTT Communications, Inc., a Delaware corporation (the
AUDIT COMMITTEE CHARTER
AUDIT COMMITTEE CHARTER A. Purpose The purpose of the Audit Committee is to assist the Board of Directors (the Board ) oversight of: the quality and integrity of the Company s financial statements, financial
Guidance Note: Corporate Governance - Board of Directors. January Ce document est aussi disponible en français.
Guidance Note: Corporate Governance - Board of Directors January 2018 Ce document est aussi disponible en français. Applicability The Guidance Note: Corporate Governance - Board of Directors (the Guidance
Internal Audit Charter. Aviva plc
Internal Audit Charter Aviva plc Julian Woodford Chief Audit Officer (CAO) January 2018 Contents 1. Introduction... 1 2. Internal Audit s purpose, activities and scope... 1 2.1 The purpose of Internal
Practice Advisory : Quality Assurance and Improvement Program
Practice Advisory 1300-1: Quality Assurance and Improvement Program Primary Related Standard 1300: Quality Assurance and Improvement Program The chief audit executive must develop and maintain a quality
F5 NETWORKS, INC. AUDIT COMMITTEE CHARTER AS AMENDED AND RESTATED BY THE BOARD OF DIRECTORS OF F5 NETWORKS, INC. APRIL 21, 2017
F5 NETWORKS, INC. AUDIT COMMITTEE CHARTER AS AMENDED AND RESTATED BY THE BOARD OF DIRECTORS OF F5 NETWORKS, INC. APRIL 21, 2017 PURPOSE The purpose of the Audit Committee is to assist the Board of Directors
Control Environment Toolkit: Internal Audit Function
III. MODEL DOCUMENT: INTERNAL AUDIT DEPARTMENT CHARTER ADOPTED BY THE AUDIT COMMITTEE OF THE COMPANY MEETING MINUTES NO OF 20 SIGNATURE OF THE CHAIRPERSON OF AUDIT COMMITTEE DATED THIS DAY OF, 20 Approved
Quality Assurance and Improvement Program
Internal Audit Foundations Standards 1000, 1010, 1100, 1110, 1111, 1120, 1130, 1300, 1310, 1320, 1321, 1322, 2000, 2040 There is an Internal Audit Charter in place Internal Audit Charter is in place The
What is in Your Supervisory/Audit Committee Packet ASSOCIATION OF CREDIT UNION INTERNAL AUDITORS MEETING APRIL 28, 2017
What is in Your Supervisory/Audit Committee Packet ASSOCIATION OF CREDIT UNION INTERNAL AUDITORS MEETING APRIL 28, 2017 Overview Standards for Reporting to Audit Committees & Senior Management Common Agenda
FRONTERA ENERGY CORPORATION CORPORATE GOVERNANCE POLICY
FRONTERA ENERGY CORPORATION CORPORATE GOVERNANCE POLICY Frontera Energy Corporation, including all of its subsidiaries (as such term is defined in the Code of Business Conduct and Ethics) and Fundación
CPI CARD GROUP INC. CORPORATE GOVERNANCE GUIDELINES
CPI CARD GROUP INC. CORPORATE GOVERNANCE GUIDELINES The Board of Directors (the Board ) of CPI Card Group Inc. (the Company ) has adopted the following Corporate Governance Guidelines (the Guidelines )
BancorpSouth Bank Audit Committee Charter
BancorpSouth Bank Audit Committee Charter July 25, 2018 CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS I. Audit Committee Purpose The Audit Committee (the Committee) is appointed by the Board
ROYAL DUTCH SHELL PLC AUDIT COMMITTEE TERMS OF REFERENCE
ROYAL DUTCH SHELL PLC AUDIT COMMITTEE TERMS OF REFERENCE Purpose The Royal Dutch Shell plc (the Company ) Audit Committee (the Committee ) assists the Board of the Company (the Board ) in fulfilling its
Internal Audit Charter
Internal Audit Charter Authority Source: Endorsed by the Audit and Risk Management Committee and approved by the Vice- Chancellor Approval Date: 20/10/2017 Publication Date: 24/10/2017 Review Date: 20/10/2018
GOVERNMENT OF YUKON POLICY 1.13 GENERAL ADMINISTRATION MANUAL
GOVERNMENT OF YUKON POLICY 1.13 GENERAL ADMINISTRATION MANUAL VOLUME 1: CORPORATE POLICIES - GENERAL TITLE: GOVERNMENT INTERNAL AUDIT SERVICES (GIAS) EFFECTIVE: 16-04-01 1.0 INTRODUCTORY PROVISIONS 1.1
Policy and Procedures Date: November 5, 2017
Virginia Polytechnic Institute and State University No. 3350 Rev.: 8 Policy and Procedures Date: November 5, 2017 Subject: Charter for the Office of Audit, Risk, and Compliance 1. Purpose... 1 2. Policy...
August 14, Dear Ms. Gula:
Department of Internal Audit North End Center, Suite 3200, Virginia Tech 300 Turner Street NW Blacksburg, Virginia 24061 Campus Mail Code: 0328 540-231-5883 Fax: 540-231-4681 www.ia.vt.edu August 14, 2013
Changes to The IIA Standards: What Board Members and Executive Management Need to Know
Changes to The IIA Standards: What Board Members and Executive Management Need to Know Introduction The Institute of Internal Auditors (IIA) is the leading standard- and guidance-setting body for the global
Penumbra, Inc. Corporate Governance Guidelines Adopted August 18, 2015 As amended April 17, 2017
Penumbra, Inc. Corporate Governance Guidelines Adopted August 18, 2015 As amended April 17, 2017 1. Size and Composition of the Board and Board Membership Criteria; Director Qualifications The Nominating
TWITTER, INC. CORPORATE GOVERNANCE GUIDELINES. (Amended and Restated on April 4, 2017)
TWITTER, INC. CORPORATE GOVERNANCE GUIDELINES (Amended and Restated on April 4, 2017) The Board of Directors (the Board ) of Twitter, Inc. (the Company ) has adopted the following Corporate Governance
INFRAREIT, INC. Corporate Governance Guidelines
INFRAREIT, INC. Corporate Governance Guidelines The Board of Directors (the Board ) of InfraREIT, Inc. (the Company ) has adopted these Corporate Governance Guidelines (these Guidelines ), in order to
Internal Audit & the Audit Committee
HCCA Audit & Compliance Committee Conference February 2008 Internal Audit & the Audit Committee Glen C. Mueller, CPA, CIA, CISA, CISM Scripps Health, San Diego, CA VP-Chief Audit & Compliance Executive
CORPORATE GOVERNANCE GUIDELINES
CORPORATE GOVERNANCE GUIDELINES Alcoa Corporation ( Alcoa or the Company ) is a values-based company. Our Values guide our behavior at every level and apply across the Company on a global basis. We expect
TRA Internal Audit Fiscal Year 2019 Audit Plan
TRA Internal Audit Fiscal Year 2019 Audit Plan Leslie Nagel, CPA, CEBS, CIA Chief Audit Executive Approved by TRA Audit Comittee April 10, 2018 Approved by TRA Board of Trustees April 11, 2018 TRA Internal
CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS
Purpose of the Audit Committee CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS The Audit Committee (the Committee ) is appointed by the Board of Directors (the Board ) of TechnipFMC plc (the Company
BIOSCRIP, INC. CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS
BIOSCRIP, INC. CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS Statement of Purpose 1. Oversight Responsibility. The purpose of the Audit Committee of the Board of Directors of BioScrip, Inc.,
Energy Trust Board of Directors Corporate Governance Guidelines
2.03.000 Energy Trust Board of Directors Corporate Governance Guidelines History Source Date Action/Notes Next Review Date Board Decision April 5, 2017 Adopted (R801) February 2020 The following corporate
Strathclyde Partnership for Transport
Agenda item 5 Strathclyde Partnership for Transport Independent Examination of Internal Audit February 2017 Contents Page Executive summary 1 Section 1 Public sector internal audit standards 2 Section
MALIBU BOATS, INC. CORPORATE GOVERNANCE PRINCIPLES
MALIBU BOATS, INC. CORPORATE GOVERNANCE PRINCIPLES The Board of Directors (the Board ) of Malibu Boats, Inc. (the Company ) has adopted the following principles of corporate governance ( Principles ).
CODEXIS, INC. CORPORATE GOVERNANCE GUID ELIN ES
CODEXIS, INC. CORPORATE GOVERNANCE GUID ELIN ES The Board of Directors (the Board ) of Codexis, Inc. (the Company ) has adopted the following Corporate Governance Guidelines (the Guidelines ) to assist
FITBIT, INC. CORPORATE GOVERNANCE GUIDELINES. As adopted on February 17, 2015 and amended on October 26, 2016
FITBIT, INC. CORPORATE GOVERNANCE GUIDELINES As adopted on February 17, 2015 and amended on October 26, 2016 The following Corporate Governance Guidelines have been adopted by the Board of Directors (the