Multilateral Financial Institutions: Chief Audit Executive Group 2017 Meeting Read more about Multilateral Financial Institutions: Chief Audit Executive Group 2017 Meeting The ADB Office of the Auditor General (OAG) organized the 2017 Multilateral Financial Institutions – Chief Audit Executive Group (MFI-CAEG) meeting in Beijing from 4 to 6 April 2017. The meeting served as a venue to discuss and share ideas, challenges, achievements, and lessons learned in internal auditing in a confidential setting.
Insights from the Study of Internal Audit Function in Selected ASEAN Central Banks Read more about Insights from the Study of Internal Audit Function in Selected ASEAN Central Banks Public sector auditing is key to good public governance. This study looks into how ASEAN Member States practice internal audit. In particular, this study examines the maturity of the internal audit function in the public sector in the member states of ASEAN by benchmarking the function with the Institute of Internal Auditors’ Capability Model for the public sector. Related material:
Internal Audit Maturity in the Public Sector in ASEAN - Insights from the Study of Internal Audit Function in Selected Central Banks Read more about Internal Audit Maturity in the Public Sector in ASEAN - Insights from the Study of Internal Audit Function in Selected Central Banks This academic study examined the maturity of the internal audit function in the public sector in the member states of the Association of Southeast Asian Nations (ASEAN) by benchmarking the function with the Institute of Internal Auditors’ Capability Model for the public sector.
Continuous Monitoring of Treasury Operations Read more about Continuous Monitoring of Treasury Operations Continuous monitoring helps ensure that internal controls are operating as planned, making it a key management process within the Asian Development Bank (ADB). This process comes with a string of benefits, including reduced incidences of fraud, improved customer satisfaction, and enhanced ability to curtail problems, among others.
Implementing Committee of Sponsoring Organizations of the Treadway Commission (COSO) 17 Principles in Audit Read more about Implementing Committee of Sponsoring Organizations of the Treadway Commission (COSO) 17 Principles in Audit Internal control and fraud deterrence are needed in ensuring efficiency within ADB. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released the updated Internal Control—Integrated Framework or COSO 2013 with new 17 principles. Immediately after, ADB’s Office of the Auditor General then formed an internal COSO 2013 Working Group. OAG has listed the benefits and challenges of COSO 2013 experienced within ADB.
Office of the Auditor General Staff Competency Framework Read more about Office of the Auditor General Staff Competency Framework Given the extent of work ADB currently has, does its internal audit staff carry the needed skills in completing their tasks? This presentation looks into the crucial role of ADB's Office of the Auditor General (OAG), particularly in ensuring effective and control systems within the Bank. It also tries to assess if OAG has the necessary competencies to carry out its mandate.
Internal Audit Capability Model for the Public Sector Read more about Internal Audit Capability Model for the Public Sector The Internal Audit Capability Model (IA-CM) has different levels aimed at promoting continuous improvement of organizations. It has been validated in collaboration with Internal Auditing Department of the World Bank. IA-CM offers several benefits as it helps in self-assessment, benchmarking, and strategic planning and visioning of organizations.
ASEAN Internal Audit Network Inaugural Meeting Read more about ASEAN Internal Audit Network Inaugural Meeting The ASEAN Central Banks Head of Internal Audit Network pushes for professionalism and collaboration in internal auditing practices. The Office of the Auditor General of the Asian Development Bank organized the Network’s inaugural meeting in Manila to provide a forum for development of methodologies and related innovation. It was also an opportunity to enable its members to add value to their respective institutions.
Training for Internal Auditors in the Public Sector: An Alternative Approach for State Internal Auditors Read more about Training for Internal Auditors in the Public Sector: An Alternative Approach for State Internal Auditors Slovenia's program to standardize state internal auditor competencies strives to merge international best practices with localized regulatory concerns.
Heidi Lloce Mendoza Keywords internal audit audit Read more about Heidi Lloce Mendoza Heidi Lloce Mendoza, former Undersecretary General for Internal Oversight Services of the United Nations and Commissioner of the Philippine Commission on Audit returns to ADB to talk about her new book: "Audit is Life", share some stories during audit but not included in the Audit Report. With a slight twist, she used those stories to reflect on life and explore some ways by which it can be audited. She used to be an employee of the Asian Development Bank until she chose to resign in order to testify on a widely celebrated case of corruption in the military.