During the Advanced Module, participants familiarized with many advanced internal audit topics such as responsibilities of the Head of the Internal Audit, Risk Based Strategic and Annual Audit Planning, Relationship between Internal Audit with Financial Inspection and External Audit, Quality Assurance and Improvement, Fraud, Performance Audit, and others.

Participants had an opportunity to engage in many practical case studies as the simulated internal audit Case Study “Orotavia”, including role play exercises while obtaining evidence of internal audit engagement and presenting the results of the internal audit during a simulated management meeting. Community of Practice members also participated in two mini case studies supplementing the Orotavia case study with a focus on fraud risk assessment and engaged in a quality assurance and improvement program exercise regarding attribute and performance internal audit standards. Further, the IA ToT Community of Practice members competed for the prize “Champion of the Orotavia Case Study” and engaged in a quiz where their knowledge about the facts and circumstances of the case were tested.

Collaboration with ADB

A visiting team of guest speakers from the internal audit department of the Asian Development Bank (ADB) presented a series of capacity development and knowledge sharing initiatives implemented by the ADB office of the Auditor General and shared knowledge on the ADB Quality Assurance and Improvement Program. Participants had been invited to join the knowledge sharing network of ADB – AuditWithoutWalls! as an interactive platform for exchange of professional opinions.

In-country Replication and Knowledge Sharing

Following the Fundamental Module workshop (June 2017) and virtual meetings, country teams presented information on their in-country replication activities of the IA ToT program. The members of the IA ToT regional Community of Practice are committed to cascade the regionally acquired knowledge and educational resources within their countries and national institutions through replication workshops and dissemination aimed to contribute to the development of professional, independent and objective internal audit activity as one of the cornerstones of good governance in the public sector. Further, the Turkey team shared experiences and resources regarding IT controls and Corporate Risk Management, including a presentation on the "Public Information Technologies Audit Manual" used by the Turkey team in their internal audit work and explaining how the manual should be used in IT internal audits.

Quality Assurance and Improvement

Participants had the opportunity to learn about the ADB’s Quality Assurance and Improvement Program (QAIP) based on the Institute of Internal Auditors (IIA) International Professional Practices Framework (IPPF), IIA’s Quality Assessment Manual and QAIP practice guide. The QAIP includes internal and external quality assessments of the internal audit activity and covers both audit and advisory services. Also, participants were introduced to the PEMPAL IACOP Quality Assessment Guide and engaged in a practical case to develop a solid quality assurance and improvement program in the public-sector context.