1. Costanza Schivi - 9 April 2019
Different roles of the internal audit function: from assurance to advice
Costanza Schivi - 9 April 2019
“Internal Audit Service: Improving the Commission’s Performance”

2. “Internal Audit Service: Improving the Commission’s Performance”
IAS Mission
The IAS provides risk-based and objective assurance, advice and insight. The IAS brings a systematic, disciplined approach in order to evaluate and improve the effectiveness of risk management, control and governance processes.
 “Internal Audit Service: Improving the Commission’s Performance”

3. “Internal Audit Service: Improving the Commission’s Performance”
Focus on:
-Risks (appropriately and continuously identified, assessed and managed)
-Information (financial, managerial and operational) is accurate, reliable and timely
-Compliance w/ Commission's policies, procedures, laws and regulations
-Effective and efficient achievement of objectives
-Development and maintenance of high-quality control processes
 “Internal Audit Service: Improving the Commission’s Performance”

4. Assurance vs Consulting services
Objective examination of evidence => independent assessment of the effectiveness of risk management, control and governance.
Advisory and management-requested activities
Nature and scope => AGREED with the Director-General/Head of Service.
RISK BASED PLANNING
Improve governance, risk management and control processes (the internal auditor must not take up management responsibilities)
Audit conclusion/opinion
 “Internal Audit Service: Improving the Commission’s Performance”

5. “Internal Audit Service: Improving the Commission’s Performance”
Contact the Internal Audit Service:
“Internal Audit Service: Improving the Commission’s Performance”