Internal Audit Community of Practice
Résumé: This template is the product of a process of exchange of ideas and information among members of the Internal Audit Community of Practice (IA CoP), of the Public Expenditure Management Peer-Assisted Learning (PEM-PAL) network.
The PEM-PAL network, launched in 2006 with the help of the World Bank, is a regional body that aims to support reforms in public expenditure and financial management in twenty one countries in Central Asia and Central Eastern Europe by promoting capacity building and exchange of information. IA CoP, one of the three Communities of Practice around which the network is organized, has representatives from 21 countries of the Europe and Central Asia region.
One of the IA CoP’s goal is to “contribute to improved Public Financial Management (PFM) systems, by supporting members to establish a modern and effective Internal Audit Service in their Governments that meets international and European Union (EU) standards and facilitates good governance in their public sector…” IA CoP activities contribute to further this agenda by offering a guide in risk assessment in audit planning, which public sector internal auditors may follow as a good practice.
This Risk Assessment in Audit Planning guide is the end result of a collaborative process from regional members and donor partners, which began with a workshop held in Lvov, Ukraine in October 2012. It is the hope of the PEM-PAL network and IA CoP that users of this guide, and other documents in the series, will find them informative and useful in advancing the reforms of public sector internal auditing.
