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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Personal Background of Respondents

  European Confederation of Institutes of Internal Auditing

  …asked whether they think there is a need for additional certification beyond CIA for audit managers and CAEs, the number of years as CAE and their… …one third has been member for 6 years or more. Table 1: How long have you been a Member of The IIA (%) Country Total Number of Respondents 1 – 5… …that 65% of the responding CAEs agree that there is a need for additional certification beyond CIA for audit managers. When comparing all 21 countries… …, we see a high percentage of CAEs indicating a need for additional certification for audit managers in Cyprus, Finland, France, Norway and Spain… …. Besides, 63% of the responding CAEs agree that there is a need for additional certi- fication beyond CIA for CAEs. A comparison between all 21 countries… …reveals a high percentage of CAEs indicating a need for additional certification for CAEs in Fin- land, France and Spain. 1 Personal Background of… …years of expertise in engineering in Czech Republic and France; Table 6: Additional Certification for Audit Managers and CAEs (%) Country Need for… …Additional Certification beyond CIA for Audit Managers Need for Additional Certification beyond CIA for CAEs Total Number of Respondents Frequencies… …in this position for 6.1 years, ranging from 0 to 44 years. When comparing all 21 countries, we notice (excluding those countries with the number of…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Organizational Characteristics

  European Confederation of Institutes of Internal Auditing

  …they are working for, the geographical location of their or- ganization and the industry in which their organization is operating. 2.1. Type of… …Organization Table 10 shows that listed and privately held companies make up for almost 60% of the responding companies. Public sector and governmental…
• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Audit Staffing

  European Confederation of Institutes of Internal Auditing

  …has to indicate which special incentives they use to hire internal audit professionals, the methods they use to make up for staff vacancies, how they… …(including the expected evolu- tion) and the methods used for staff evaluation. 4.1. Number of Staff Members Table 26: Average Staff Level (FTE means)… …the time they completed the questionnaire (2006). Table 28 shows that the three most common methods to make up for staff vacancies are: • Reduce areas… …respondents lower than 5): • a high percentage of control self assessment facilitations as a method to make up for staff vacancies in Belgium, Estonia, Germany… …and Italy; • a high percentage of reduced areas of coverage as a method to make up for staff vacancies in France, Poland, Portugal and UK & Ireland… …; • a high percentage of increased use of audit software as a method to make up for staff vacancies in Belgium, Greece, Netherlands and Turkey; • a… …high percentage of borrowing staff from other departments as a method to make up for staff vacancies in Greece, Norway and Poland; • a high percentage… …of co-sourcing from internal audit service providers as a meth- od to make up for staff vacancies in Belgium, France, Norway, Portugal and UK & Ireland… …; • a high percentage of other methods to make up for staff vacancies in Nether- lands, Poland, Sweden and Turkey. Note the high absence of vacancies… …skills sets at the time they completed the questionnaire (2006). Further- more, Table 29 shows that the three most common methods to compensate for missing…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Auditing Standards

  European Confederation of Institutes of Internal Auditing

  …or in part) as well as the reasons for not using the IIA Standards. Moreover, all respondents had to evaluate the adequacy of all IIA Standards as well… …mark all that apply. Table 37: Reasons for not using the IIA Standards (%) Country To ta l N um be r of r es po nd en ts St an da rd s or… …common reasons for not using the IIA Standards are: • Management of the organization does not perceive compliance with the IIA Standards as adding value… …Compliance with the IIA Standards is not appropriate for small organizations (12%); • Inadequate internal audit function staff to comply with the IIA… …countries shows: • a high percentage for Standards or Practice Advisories are too complex in Aus- tria, France, Germany and Switzerland; • a high… …percentage for Standards or Practice Advisories not appropriate for small organizations in Austria, Cyprus, Estonia, Finland, Germany and Switzerland; • a… …high percentage for too costly to comply with Standards or Practice Advisories in Cyprus, Switzerland and Turkey; • a high percentage for too time… …consuming to comply with Standards or Practice Advisories in Austria, Cyprus, Finland and Switzerland; • a high percentage for compliance with Standards or… …Practice Advisories super- seded by local / government regulations or standards in Switzerland, Turkey and UK & Ireland; • a high percentage for compliance… …with Standards or Practice Advisories not ap- propriate for my industry in Cyprus, Czech Republic and Switzerland. • a high percentage for compliance…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Audit Activities

  European Confederation of Institutes of Internal Auditing

  …audit issues are resolved as well as who has primary responsibility for re- porting to senior management and monitoring corrective action. 6.1. Internal… …Ireland; • a high percentage of involvement in technical competency training for auditors in Belgium, Portugal, Switzerland and UK & Ireland. 6.1… …Sustainability Audits Special Projects Technical Competency Training for Auditors A us tr ia 49 .4 80 .7 74 .7 38 .6 24 .1 69 .9 2. 4 44 .6… …report is issued (cf. Table 47). Note that for each category the response with the highest frequency is shown. Respondents could indicate: never, rarely… …. Reporting and Follow-up of Audit Results Overall, Table 48 shows that in a majority of the cases, the CAE is primarily respon- sible for reporting audit… …results to senior management. When comparing all 21 European countries we see • a high percentage of auditees primarily responsible for reporting of… …audit results to senior management in Norway and Swede; • a high percentage of CAEs primarily responsible for reporting of audit results to senior… …management in Austria, Czech Republic, Italy and Switzerland; Table 48: Primary Responsibility for Reporting of Audit Results (%) Country To ta l N um be… …Internal Audit Activities 100 • a high percentage of audit managers primarily responsible for reporting of audit results to senior management in Belgium… …, Bulgaria, Cyprus, Finland and Greece; • a high percentage of both audit managers and auditees primarily responsible for reporting of audit results to…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Tools, Skills and Competencies

  European Confederation of Institutes of Internal Auditing

  …mark the five most important behavioural skills, technical skills and competences for each hierarchical level in the internal audit function. 7.1… …Tools, Skills and Competencies 106 It is worth mentioning that for all audit tools, there is an expected increase in the use. The tools with the highest… …in Table 52, CAEs were asked to in- dicate the five most important for the various professional staff levels in the IAF. Overall, the results show that… …: The five most important behavioural skills for audit staff are: • Confidentiality (74%), except in Bulgaria, Sweden and UK & Ireland. • Objectivity… …Belgium, Greece and Turkey; • Working independently (54%), except in Bulgaria, Greece and Italy. The five most important behavioural skills for seniors /… …(32%), except in Bulgaria, Estonia, and Netherlands. The five most important behavioural skills for managers are: • Confidentiality (51%), except in… …important behavioural skills for CAEs are: • Leadership (71%), except in Czech Republic, Estonia and Norway; • Confidentiality (70%), except in Finland… …that are listed in Table 53, CAEs were asked to indicate the five most important technical skills for the various professional staff levels in the IAF… …. Overall, the results show that: The five most important technical skills for audit staff are: • Data collection and analysis (76%), except in Bulgaria and… …Romania. The five most important technical skills for seniors / supervisors are: • Interviewing (46%), except in Bulgaria, Estonia and Finland; •…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Audit Function

  European Confederation of Institutes of Internal Auditing

  …presence of internal audit function in Bulgaria, Norway and Turkey. According to Table 14 the largest numbers of respondents work for IAFs that have been in… …existence for 0-5 years (34%). Another 23% of the respondents work for IAFs that have been in existence for 6-10 years. A small proportion of the respond-… …ents (16%) work in IAFs that have been in existence for 25 or more years. Table 14: Age of the Internal Audit Function (%) Country To ta l N um be… …percentage of mission statements for the internal audit function in Bel- gium, France, Netherlands and Switzerland; • a high percentage of internal audit… …Mission Statement for the Internal Audit Function Internal Audit Operating Manual / Code of Ethics / Code of Conduct Annual Internal Audit… …question 21 (cf. Table 18) that their company has an audit committee. It is notable that for those responding companies with an audit committee, 88% of the… …their IAF does not for- mally measure the added value. Note that percentages do not add up to 100% as respondents could mark all that apply and only… …input for the audit plan in Czech Republic, Estonia, Netherlands and Poland. 3 Internal Audit Function 52 Note that the percentages do not add up to… …100% as respondents could mark all that apply and only CAEs responded to this question. Table 24: Input for the Audit Plan (%) Country To ta l N um… …organization to be ef- fective. j. Independence is a key factor for your Internal Audit Function to add value. k. Objectivity is a key factor for your Internal…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Emerging Issues

  European Confederation of Institutes of Internal Auditing

  …: • a high percentage for a requirement by law or regulation to have internal auditing (currently apply and likely to apply in the next 3 years) in… …Greece, Poland, Roma- nia and Turkey; • a high percentage for internal auditors to have an advisory role in strategy devel- opment (currently apply and… …likely to apply in the next 3 years) in Bulgaria, Po- land, Romania and Turkey; • a high percentage for organizations complying with corporate governance… …codes in Estonia, Greece, Switzerland and UK & Ireland; • a high percentage for organizations implementing a knowledge management system in Bulgaria… …, Estonia, Greece and Romania; • a high percentage for IAFs Providing training to Audit Committee members in Greece, Norway, Romania and UK & Ireland; • a… …(35%); • Developing training and education to organization personnel (35%); Comparing all 21 European countries, we notice (for currently apply and…

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