Date post: | 27-Mar-2015 |
Category: |
Documents |
Upload: | caroline-oneal |
View: | 212 times |
Download: | 0 times |
Internal Audit Provisions
North Carolina Office of State Budget and Management
Office of Internal Audit
Presenters: Barbara Baldwin CPA, CIA, CICA, Internal Audit ManagerShannon Byers, Director of Quality Assurance & Development
Overview
• Auditing and Evaluating in North Carolina
• The NC Internal Audit Act
• The Council of Internal Auditing
• The Office of Internal Audit (OIA)
• Agency Opportunities and Requirements
• Questions?
Auditing and Evaluating in NC
• External Auditing
• Internal Auditing
• Program Evaluation
• Management Studies
External Auditing
Who Conducts
PurposeOrigin of
Service Requests
Office of the State Auditor
Compliance in nature; provides an opinion on whether financial statements are fairly stated and reviews operation efficiency and effectiveness
• Mandated
• Legislative requests
• Citizen requests
• Risk assessment based
• Agency requests
• State Auditor discretion
Internal Auditing
Who Conducts
PurposeOrigin of
Service Requests
State agencies and universities
Management tool; identifies improvements to operations
• Risk assessment based
• Management requests
• State Auditor or whistle-blower leads
Program Evaluation
Who Conducts
PurposeOrigin of
Service Requests
Legislative Services, Program Evaluation Division
Determine if services are being delivered in an efficient and effective manner and in accordance with the law
• Mandated
• Legislative requests
• Program Evaluation discretion
Management Studies
Who Conducts
PurposeOrigin of
Service Requests
Office of Budget and Management (OSBM)
Consultant in nature; advise if programs are running efficient and effective
• Mandated
• Legislative requests
• Agency requests
• Governor or State Budget Officer directive
• OSBM initiative
Auditing in North Carolina
The North Carolina Internal Audit Act
House Bill 1401 (SL 2007-424)• Directed agencies to appoint an
Internal Audit Director• Directed agencies to comply with
professional audit standards• Established the Council of Internal
Auditing• Directed OSBM to support the
Council
The Council of Internal Auditing
• Develop and publish internal audit guides• Administer an independent peer review system• Provide central professional development • Administer a program for sharing internal auditors• Maintain a central database of all annual internal
audit plans and reports• Issue an annual report
to the General Assembly
Office of Internal Auditing (OIA)Charlie Perusse
State Budget Officer
Office of Internal Audit
Shannon ByersDir. of Quality Assurance
Barbara BaldwinInternal Audit Manager
Michele EvansInternal Auditor
Courtney MichelleInternal Auditor
Regina HillInfo. Systems Auditor
Betty HaleyResearch Assistant
Agency Requirements1. Appoint an Internal Audit Director
2. Establish an internal audit program
3. Comply with auditing standards
4. Submit audit charter and organizational chart to OIA as updated
5. Follow NC Internal Audit Manual
6. Submit Internal Audit Plan on a yearly basis
7. Submit internal audit reports regularly
8. Submit reports or information to the OIA as requested by the Council
Agency Opportunities
Training Opportunities
Peer Review Program
Technical Assistance
Recognition Program
Council Information and Assistance
QUESTIONS?Barbara Baldwin, CPA,CIA, [email protected]• OIA Internal Auditing Services• Technical Expertise
Shannon [email protected]• OIA Peer Review Program• OIA Training Opportunities• Council of Internal Audit Questions