European Seminar International Audit Standards for EU Funded Projects 23 rd - 24 th May 2013, Berlin With Experts from: Brochure Audit Authority ERDF, Federal State of North Enterprise Estonia, Implementing Agency ESF and ERDF, Estonia 1
EUROPEAN SEMINAR International Audit Standards for EU Funded Projects Are you correctly using international audit standards in your audits of EU funded projects? Sound financial management of EU Funds is essential to ensure that all European funding resources are spent properly and efficiently. Audits of EU Funds have to follow international auditing standards, a duty which is described in Article 62 of the EU Regulation EC 1083/2006. These audit standards will continue to apply during the new programming period 2014-2020. There is a large amount of standards issued by organisations such as IFAC, IIA, and INTOSAI which have to be adhered to when auditing EUfunded projects. These standards outline necessary steps to ensure the quality control of the audit of a financial statement, proper audit documentation, audit materiality, and external confirmations, to name a few. Auditors on all levels need to be able to apply these auditing standards to make sure that their audits are carried out in a professional manner. Learn how to use the different international auditing standards and improve the quality of your audit work at our European Seminar. Who is this seminar for? Directors, Heads of Departments or Units, Auditors, Controllers, Managers and other experts from all institutions involved in the management and control of projects co-financed through EU Funds such as: European Regional Development Fund (including ETC) European Social Fund Cohesion Fund European Agricultural Fund for Regional Development European Fisheries Fund European Refugee Fund European Return Fund European Fund for the integration of third-country nationals External Borders Fund As well as consultancies and audit companies working with and for the public sector and specialised in EU Funds 2
What will you learn at this seminar? How can you improve the quality of your audits by applying different auditing standards to audits of EU funded projects? What are the differences between the international auditing standards? What is the European Commission s approach to audits of EU Funds? How can you avoid the most frequent mistakes when auditing EU Funds? How to assess risk management according to IIA standards? What audit standards should you follow to ensure correct reporting? How can you match auditing standards to EU audit requirements? Your benefits Become more versatile Knowing different auditing standards makes you a more valuable asset to your institution Professionalise your work and gain certainty in applying international audit standards to your audits Become more efficient Save time by learning how to plan an audit correctly Discuss your problems with our audit experts and compare audit and control practice Benefit from best practice reports and case studies Strengthen your expertise in the field of EU Funds audits Network with experts and colleagues from all across Europe and exchange know-how Optional Course for the Master of Management in EU Funds This European Seminar is also an Optional Course for the Master of Management in EU Funds For further Information, please click here. 3
PROGRAMME DAY 1 International Audit Standards for EU Funded Projects 9.30-10.00 Registration and Hand-out of Seminar Material 10.00-10.05 Opening Remarks from the European Academy for Taxes, Economics & Law 10.05-10.35 Welcome Note from the Speaker and Round of Introductions Expectations and experiences of the participants 10.35-11.20 Overview of Relevant International Audit Standards for EU Funds Legal background for the application of international standards to audits of EU funded projects Available standards: - ISSAI and INTOSAI GOVs - IIA (update 2013) - ISA - EU best practice International Standards only for auditors? 11.20-11.35 11.35-12.00 Coffee Break and Networking Opportunity 12.00-13.00 How to Improve the Quality of Your Audit Work by Using International Auditing Standards IIA Standards and International Professional Practices Framework (IPPF) EU Funds audits and internal auditors How they are linked to each other Improving the quality of your work Which standards help you achieve it How auditors in Estonia started to implement IIA Standards Conforming with the standards BEFORE and AFTER achieving this privileged status Benefits and practical examples of following standards in everyday work procedures Helen Petrov, CIA, CGAP, CCSA, Director of Internal Audit, Enterprise Estonia (Implementing Agency for ESF and ERDF), Estonia 13.00-13.15 13.15-14.30 Lunch Break and Networking Opportunity PATRICK WAMPER Head of the Audit Authority for ERDF in North Rhine- Westphalia, Ministry of Finance North Rhine- Westphalia, Germany Since 2006, Patrick Wamper has been the Head of the Audit Authority for ERDF in the Federal State of North Rhine-Westphalia in Germany. From 2004 until 2006, he acted as Deputy Head of the Independent Body for ERDF and ESF in the same Federal State. Furthermore, Patrick Wamper works as a lecturer at the State Academy for Advanced Training and has participated in twinning missions to strengthen local public financial control in Poland, Romania, Bulgaria, Montenegro and Azerbaijan. HELEN PETROV CIA/CGAP/CCSA Director of Internal Audit, Enterprise Estonia (Implementing Agency for ESF and ERDF), Estonia Since January 2012, Helen Petrov has been the Head of Internal Audit Unit at Enterprise Estonia, the Estonian Implementing Agency for ESF and ERDF. Previously, she worked at the Estonian Ministry of Finances EU Funds Audit Authority for ten years. During this time, she worked in positions such as Auditor, Head of Audit and Audit Quality Manager. In the latter position she was in charge of improving the quality of the Estonian Audit Authority and achieving conformance with international auditing standards. In 2005-2006, Helen Petrov acted as Chairman of the Board of the Estonian Institute of Internal Auditors. For the last three years, she has been a member of the Estonian Council of Internal Auditors Professional Practices. Helen Petrov is a Certified Internal Auditor (CIA), a Certified Government Audit Professional (CGAP) and holds the Institute for Internal Auditors Certification in Control Self Assessment (CCSA). 4
14.30-15.30 The European Commission s Approach to Audits of EU Funds Public Internal Financial Control Concept Single Audit Approach Audit Standards applied in practice Frequent mistakes when auditing EU Funds and how to avoid them - Functional independency - Planning of necessary resources - Risk based planning - Combined Assurance - Audit Plan 15.30-15.45 15.45-16.15 Coffee Break and Networking Opportunity Workshop 16.15-17.30 Apply International Audit Standards to an Audit Plan After the theoretical part, participants will work in groups during this interactive workshop to learn to apply International Audit Standards to an audit plan Work on a given case study in groups Presentation of results Discussion 17.30 End of Day One 5
PROGRAMME DAY 2 International Audit Standards for EU Funded Projects 9.00-9.05 Welcome Note from the Chair 9.05-10.00 Assessing Risk Management According to IIA Standards How can an internal audit activity evaluate the effectiveness of risk management processes How auditors can contribute to the improvement of the risk management process Risk management in EU Structural Funds cascade Practical examples from Estonia Case Study: Auditing risk management processes in an EU Funds Implementing Agency Helen Petrov, CIA, CGAP, CCSA, Director of Internal Audit, Enterprise Estonia (Implementing Agency for ESF and ERDF), Estonia 10.00-10.15 10.15-10.45 Coffee Break and Networking Opportunity 10.45-11.30 Correct Audit Reporting What do IIA Standards say about the auditor s opinion (Standard 2410) Interpretation of the standards and practical examples Overall opinion (Standard 2450) Main concerns about issuing an overall opinion How to link EU requirements (annual opinion of EU Audit Authority) and the principles of IIA Standards Helen Petrov, CIA, CGAP, CCSA, Director of Internal Audit, Enterprise Estonia (Implementing Agency for ESF and ERDF), Estonia 11.30-11.45 11.45-12.30 Matching Audit Standards with Structural Funds Audit Requirements Set up of an Audit Authority Code of Ethics and definition Audit Strategy and internal guidelines Annual audit work Required audit types - Audit of management and control systems - Audit of operations Annual opinion and reporting PATRICK WAMPER Head of the Audit Authority for ERDF in North Rhine- Westphalia, Ministry of Finance North Rhine- Westphalia, Germany Since 2006, Patrick Wamper has been the Head of the Audit Authority for ERDF in the Federal State of North Rhine-Westphalia in Germany. From 2004 until 2006, he acted as Deputy Head of the Independent Body for ERDF and ESF in the same Federal State. Furthermore, Patrick Wamper works as a lecturer at the State Academy for Advanced Training and has participated in twinning missions to strengthen local public financial control in Poland, Romania, Bulgaria, Montenegro and Azerbaijan. HELEN PETROV CIA/CGAP/CCSA Director of Internal Audit, Enterprise Estonia (Implementing Agency for ESF and ERDF), Estonia Since January 2012, Helen Petrov has been the Head of Internal Audit Unit at Enterprise Estonia, the Estonian Implementing Agency for ESF and ERDF. Previously, she worked at the Estonian Ministry of Finances EU Funds Audit Authority for ten years. During this time, she worked in positions such as Auditor, Head of Audit and Audit Quality Manager. In the latter position she was in charge of improving the quality of the Estonian Audit Authority and achieving conformance with international auditing standards. In 2005-2006, Helen Petrov acted as Chairman of the Board of the Estonian Institute of Internal Auditors. For the last three years, she has been a member of the Estonian Council of Internal Auditors Professional Practices. Helen Petrov is a Certified Internal Auditor (CIA), a Certified Government Audit Professional (CGAP) and holds the Institute for Internal Auditors Certification in Control Self Assessment (CCSA). 12.30-12.45 12.45-13.45 Lunch Break and Networking Opportunity 6 13.45-14.00 End of Seminar and Hand-out of Certificates
ORGANISATIONAL MATTERS International Audit Standards for EU Funded Projects Date of Event 23 rd - 24 th May 2013 Booking Number S-605 MC Event Language The event language will be English. Event Price 1.389,- Euro, excl. German VAT (19%) The above price covers the following: Admission to the seminar Hand-out documents in print and digital version Seminar certificate, if seminar fully attended Soft drinks and coffee/tea on both event days Lunch on both event days Booking Modalities It is recommended to book soon as seats are limited. For organisational matters, we kindly ask you to complete the booking form in capital letters. BOOKING Fax: +49 (0)30 802080-250 E-mail: booking@euroacad.eu Phone: +49 (0)30 802080-230 For online booking please visit our website: www.euroacad.eu Contact European Academy for Taxes, Economics & Law Hausvogteiplatz 13, 10117 Berlin, Germany Phone: +49 (0)30 80 20 80 230 Fax: +49 (0)30 80 20 80 250 E-mail: info@euroacad.eu Internet: www.euroacad.eu Your contact persons for the programme: Regina Lüning, M. Sc. econ. Head of Marketing and Sales Phone: +49 (0)30 80 20 80 246 Fax: +49 (0)30 80 20 80 259 E-mail: regina.luening@euroacad.eu Peter Gassenmaier Conference Manager Phone: +49 (0)30 80 20 80 235 Fax: +49 (0)30 80 20 80 259 E-mail: peter.gassenmaier@euroacad.eu (Programme is subject to alterations) Event Location abba Berlin Hotel Lietzenburger Straße 89 10719 Berlin Phone: +49 (0)30 88 71 860 Fax.: +49 (0)30 88 00 78 51 E-mail: berlin@abbahoteles.com Please contact the hotel directly and refer to the European Academy for Taxes, Economics & Law if you wish to benefit from a limited room availability-contingent. Of course you can always look for an alternative hotel accommodation. 7
NOTE Please note, you can register as many delegates as you wish (except, the seminar is fully booked). You only need to copy this formular for as many persons you wish. European Academy for Taxes, Economics & Law Brauner Klingenberg GmbH Hausvogteiplatz 13 10117 Berlin / Germany Phone.: +49 (0)30 802080-230 Fax: +49 (0)30 802080-250 E-mail: info@euroacad.eu www.euroacad.eu BOOKING BOOKING NUMBER: S-605 MC (PR) 23 rd - 24 th MAY 2013, BERLIN Herewith we register the following persons for the Seminar: International Audit Standards for EU Funded Projects Delegate 1 Ms. Mr. First name Last name Department Job position Your organisation Street Postcode / City Country Phone Fax E-mail Delegate 2 Ms. Mr. First name Last name Department Job position Your organisation Street Postcode / City Country Delegate 3 Ms. Mr. First name Last name Department Job position Your organisation Street Postcode / City Country Phone Fax E-mail Phone Fax E-mail Invoice organisation To the attention of Street Postcode / City Country Phone Fax E-mail In case of registration of more than one delegate - do you prefer: single invoice? collective invoice? With my signature I confirm my registration and accept the General Terms and Conditions as legally binding. I herewith agree to receive further information from the European Academy for Taxes, Economics & Law NOTE Only Valid with Signature and Stamp 8 Place, Date Authorised Signature and Stamp
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