Fall Government Auditing Conference

CONFERENCE PRESENTATIONS:

November 3, 2009 Presentation on "New IIA Standards: International Professional Practices Framework"

• MS PowerPoint Format

SIAAB BYLAWS REVISION

• The SIAAB Bylaws were recently revised as a result of a periodic and comprehensive review that was initiated at the July 14, 2009 Board meeting and approved by the Board at its November 6, 2009 meeting.   The revision impacted multiple Articles and Sections  resulting in  the "peer review" language being replaced with current  "quality assurance"  language.  Additional clerical and technical changes were made to the Bylaws to clarify changes in officers, professional auditing standards and statutory mandates that had occurred since the initial adoption of the SIAAB Bylaws in 2003.

SIAAB CPE REQUIREMENTS

• Article II - Section 5.1 Continuing Professional Education Requirements - Internal auditors are responsible for maintaining their knowledge and skills. They should update their knowledge and skills related to improvements and current developments in internal auditing standards, procedures, and techniques. Auditors involved in the planning, directing, performing fieldwork or reporting on an audit or attestation engagement need to maintain their professional competence through continuing professional education (CPE).  All internal auditors must complete a minimum of 80 hours of CPE that directly enhance the auditor's professional proficiency to perform audits or attestation engagements. At least 24 of the 80 hours of CPE should be in subjects directly related to government auditing, the government environment, or the specific or unique environment in which the audited entity operates. At least 20 hours of the 80 should be completed in any one year of the two year period. The 80 hours of CPE must be satisfied during two successive (non-rolling) calendar years (2009-2010). Internal auditors hired after the beginning of an audit organization's 2-year CPE period should complete a prorated number of CPE hours based on the number of full 6-month interval remaining in the CPE period. An Agency's Chief Internal Auditor is responsible for establishing and implementing a program to ensure that staff auditors meet the CPE requirements. The Internal Audit Advisory Board, upon written request, may grant exceptions from a portion of the CPE requirements in the event of extended absences or other extenuating circumstances if situations such as leave of absences, military service, or disasters prevent the internal auditor from meeting the requirements.  However, no exceptions will be granted for reasons such as workload, budget, or travel constraints. The Board may grant auditors, who have not completed the required number of CPE hours for any 2-year period, up to two months immediately following the 2-year period to make up the deficiency. Any CPE hours completed toward a deficiency in one period should be documented in the CPE records and should not be counted toward the requirements for the next 2-year period. See Article II - Section 5.2 for more information on the specific programs or activities that qualify as acceptable CPE and those that do not.

SIAAB QUALITY ASSURANCE ONLINE TRAINING COURSE RELEASE

• SIAAB Quality Assurance Online Training Course - The State Internal Audit Advisory Board has recently updated its Online Training Course to encapsulate current IIA Standards, as well as, Board requirements.  The 4 CPE hours obtained by taking the Board's Online Training Course also qualifies for governmental CPE that can be applied towards the 24 governmental CPE hours needed to meet the 80 CPE hours required by the Board over the current two-year (non-rolling) CPE period.

SIAAB REQUIREMENTS FOR PERIODIC INTERNAL QUALITY ASSESSMENTS

• The State Internal Audit Advisory Board has recently updated  its  Quality Assurance Review Matrix which is required to be used by State Audit Organizations when they conduct both periodic internal assessments and external quality assessments. The Board requires Chief Internal Auditors, or their designees to conduct periodic internal quality assessments using the Board's Quality Assurance Review Matrix whenever a significant change in personnel or auditing standards occur.  With the recent significant changes in the IIA's Standards, the Board requires each audit organization to complete a periodic internal quality assessment by December 31, 2009.