OPERATIONAL PROCEDURES



Similar documents
Larry Laine, Deputy Land Commissioner and Chief Clerk. Annual Report on the Internal Audit Quality Assurance and Improvement Program

The supporting information for audit/engagement procedures is part of the required Audit/Engagement Documentation (See Section ).

GAO. Government Auditing Standards: Implementation Tool

Selecting a Certified Public Accountant (CPA)

Experienced professionals may apply for the Certified Risk Management Professional (CRMP) certification under the grandfathering provision.

Agenda Item: 7.6 Prepared by: Mark Majek, Kathy Thomas, Deborah Bell, Tamara Cowen and Jaye Stepp Meeting Date: October 2014

BOARD OF EDUCATION OF BALTIMORE COUNTY OFFICE OF INTERNAL AUDIT - OPERATIONS MANUAL INTERNAL AUDIT OPERATIONS MANUAL

Performance Measures for Internal Auditing

Administrative Directive No. 4: 2011

CORPORATE AUDITOR SERIES

Job Description. Director of Finance

Completion of CPE is Important!

Effective Internal Audit in the Financial Services Sector

How To Get A Dod Fm Certification

DoD Financial Management Certification Program. Ms. Glenda Scheiner

Department of Defense MANUAL

PROVING YOUR GRC KNOWLEDGE WITH CERTIFICATIONS

Professionalism does not occur overnight. Rather, it is a process that evolves out of focused commitment and dedication, ongoing study and

RISK ADVISORY SERVICES CONSTRUCTION AUDIT SERVICES

BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA

Accountants and Auditors

The Framework for Quality Assurance

Application Kit. A Guide to the AICPA Certified Information Technology Professional Credential

Internal Audit Quality Assessment. Presented To: World Intellectual Property Organization

HTSB Form RA 5010 C License Renewal Rev. 1/2015

RISK ADVISORY SERVICES. HYDRO UTILITIES Overview of Internal Audit & Control Services: 2014 Credentials

ST. THOMAS UNIVERSITY PERFORMANCE ASSESSMENT FORM WITH SUPERVISORY DUTIES

How quality assurance reviews can strengthen the strategic value of internal auditing*

02 DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION CERTIFIED PUBLIC ACCOUNTANT LICENSE REQUIREMENTS

INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS)

Chartered Professional Accountant

DoD Financial Management Certification Program

Comprehensive Risk Assessment and Developing the Audit Plan

Application for CISM Certification

Internal Audit Charters

Professional & Scientific Performance Appraisal

Practice guide. quality assurance and IMProVeMeNt PrograM

Employee Performance Review

How To Be A Successful Businessperson

Qualification in Internal Audit Leadership (QIAL ) Exam Syllabus

REQUEST FOR EXPRESSION OF INTEREST FOR HIRING THREE(3) EXPERT COACHES NO. 010/NCBS-BTC/S/

PARLIAMENTARY COMMISSION CAREER OPPORTUNITIES

New Member Packet Charter School Business Officer Certification (CSBOC) Program

Application for CISA Certification

SUBJECT: Training Policy-04 (Revised) Defense Finance and Accounting Service Civilian Licenses, Certifications and Related Expenses

INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING (STANDARDS)

Use this form beginning July 1, Name Social Security Number XXX-XX- Date of Birth / /

SCHOOL COUNSELOR PRACTICUM/INTERNSHIP PROGRAM FAQs

Accounting and Auditing Standards Community of Practice (A&A CoP) STAREP ESTABLISHING APPROPRIATE AUDIT & ACCOUNTANCY OVERSIGHT SYSTEM IN AZERBAIJAN

Performance Evaluation Workshop February/March 2015

Internship Guidelines for the Professional Science Master s Degree Program

Accountancy. 44 Credits

Internal Audit Manual

Supervision sessions: Should not be documented as blocks of dates. List each session individually with the corresponding date and time.

NATIONAL MOTOR TRANSPORTATION CERTIFICATION FOR PRACTICING PROFESSIONALS IN THE TRANSPORTATION INDUSTRY

Department of Counselor Education Clinical Counseling - Internship Manual

DoD Financial Management Certification Program. Office of the Under Secretary of Defense (Comptroller)

Kenya Revenue Authority (KRA) Chief Manager - Strategy, Planning and Policy

THE INTERNAL AUDITING EDUCATIONAL PARTNERSHIP: A NICHE STRATEGY FOR ACCOUNTING PROGRAMS

RULES OF DEPARTMENT OF COMMERCE AND INSURANCE DIVISION OF REGULATORY BOARDS TENNESSEE STATE BOARD OF ACCOUNTANCY CHAPTER CONTINUING EDUCATION

Policies of the University of North Texas Health Science Center. Chapter 14 UNT Health Credentialing and Privileging Licensed Practitioners

Klamath Tribal Health & Family Services 3949 South 6 th Street Klamath Falls, OR 97603

CERTIFIED PUBLIC ACCOUNTANT LICENSING ACT

University of Southern California

AD-AUDITING ACCOUNTANT, SENIOR

THE CORPORATION OF THE CITY OF WINDSOR POLICY

STATE OF SOUTH CAROLINA EMPLOYEE PERFORMANCE MANAGEMENT SYSTEM

Emerging Strategies for Performance Auditing

Wallace Rodríguez-Parissi, CPA, CMA, CFE, CGFM, FCPA, CICA Managing Partner

How To Comply With The Law Of The Firm

CARLSTADT-EAST RUTHERFORD REGIONAL BOARD OF EDUCATION

Job Description: Accounting Assistant

IAC 8/11/10 Accountancy[193A] Ch 10, p.1. CHAPTER 10 CONTINUING EDUCATION [Prior to 7/13/88, see Accountancy, Board of[10]]

Credit Unions RISK ADVISORY SERVICES. Enterprise Risk Management, Internal Audit and Complex Accounting Services

Finalized Status: Finalized 09:59:04 AM Oct Finalized by: Doug Holton

Casualty Actuarial Society. Continuing Education (CE) Policy

Delivered in an Online Format. Revised November 1, I. Perspectives

St. Charles School District. Counselor Growth Guide and. Evaluation Documents

Internal Auditing Guidelines

AICPA Discussion Paper - Enhancing Audit Quality, Plans and Perspectives for the U.S. CPA Profession

LPC RENEWAL INSTRUCTIONS

Master of Professional Accountancy. Welcome Orientation Dr. Richard S. Savich, CPA Academic Director Fall 2013

DIVISION OF CORPORATIONS, BUSINESS AND PROFESSIONAL LICENSING

Ambulatory Care Program: The Who, What, When, and Where s of Credentialing and Privileging. The Who, What, When, and Where s

Wisconsin Department of Safety and Professional Services

Transcription:

LAST REVISED: DECEMBER 31, 2012 PAGE 1 OF 6 PROFICIENCY, COMPETENCY & PROFESSIONAL DEFINITION COMPETENCY Level of skill associated with performing a task or function which is measureable against a standard, baseline or minimum and is part of the foundation of applying due professional care. PROFESSIONAL formal (some of which can qualify as Continuing Professional Education CPE) and informal training necessary to refine and maintain employee skills, introduce progressive audit and analytical techniques, and prepare individuals for greater levels of responsibility. BACKGROUND Per GAGAS, competency is obtained through education and experience. Competencies are not measured solely by years of experience, but rather by the combination of years and quality of experience, because quantitative measures alone may not accurately reflect the kinds of experiences gained by an auditor. GAGAS also stresses that competence is not attained at any given point in an auditor s career, but is rather an ongoing process of education, as a result of an auditor s commitment to learning and development. IIA Standards use the word Proficiency synonymously with the word Competency, as it is referred to in GAGAS. The Standards state that knowledge, skills, and other competencies collectively result in the professional proficiency required for an internal auditor to carry out his/her professional responsibilities, while it (proficiency) can be demonstrated, in part, by obtaining applicable professional certifications and qualifications. After careful review of GAGAS and the Standards, it is evident that the GAO and the IIA agree on the core knowledge, skills, education, and experience requirements necessary for internal auditors and the internal audit function to possess in order to perform their responsibilities, make sound professional judgments, and to exercise Due Professional Care. For the purpose of this procedure, Staff Development refers to the process of formally evaluating an employee s performance against pre-established criteria and stated goals. The formal employee performance evaluation (EPE) is designed to align individuals goals and objectives with the AD s and ultimately the City s. Additionally, this procedure outlines a framework to: Provide a method of enhancing internal auditors professional knowledge and skills; Centrally record and maintain the training history for each AD internal auditor as a tool for planning upcoming training in compliance with professional standards, and serve as support for QA;

LAST REVISED: DECEMBER 31, 2012 PAGE 2 OF 6 Assess the competence, independence, and objectivity of an external service provider as it relates to the particular assignment to be performed; Assess the knowledge, skills, and competencies possessed by external service providers that are necessary to perform audits/engagements; Focus attention on individual goals and objectives that align with the AD s, allowing for realization, growth, and advancement; Maintain or improve each employee's job satisfaction and morale by letting him/her know that the supervisor is interested in his/her job progress and personal development; Serve as a systematic guide for supervisors in planning each employee's CPE; Assist in determining and recording special talents, skills, and capabilities that might otherwise not be noticed or recognized; Assist in planning personnel moves and placements that will best utilize each employee's capabilities, within the interests of the AD; Provide an opportunity for each employee to discuss job problems and interests with his/her supervisor; and Assemble substantiating data for use as a guide, although not necessarily the sole governing factor, for such purposes as wage adjustments, promotions, disciplinary action, and termination. Per the IIA s Internal Auditor Competency Framework (Framework), there are minimum levels of competency necessary to effectively operate and maintain an IA function. The Framework divides the knowledge and skills into the following buckets : Interpersonal Skills; Tools and Techniques; Internal Audit Standards, Theory, and Methodology; and Knowledge areas (including Information Technologies). PURPOSE To assure that auditors and other service providers collectively possess and maintain the necessary knowledge and skills for the type of work to be performed according to professional standards and requirements; To develop, enhance and retain qualified professionals with the AD; and Expand the current knowledge base of the AD to allow for internal efficiencies, succession planning and value-added services.

LAST REVISED: DECEMBER 31, 2012 PAGE 3 OF 6 APPROACH AND METHODOLOGY JOB DESCRIPTIONS Job descriptions describe the minimum education, experience, applicable professional certifications, and other skills necessary to obtain and hold the ACA I, II, III, IV, V, and City Auditor positions within the AD. EPE PROCESS The EPE process involves two components: EPE Plan Performance Evaluation EPE PLAN Each employee, with their supervisor, outlines his/her plan for the upcoming evaluation period. This should consider the following: Previous EPE plans and evaluations; Current skill sets possessed by the employee (knowledge and experience); Goals, objectives, and interests of the employee for professional development; and The Audit Plan (upcoming engagements within the AD). PERFORMANCE EVALUATIONS Performance Evaluations are conducted considering the employees accomplishments as compared to the EPE plan. A rating system exists that assesses performance in sections and specific categories/attributes using a range from low to high (1 5). Currently, the evaluation is broken down into areas that assess Job Duties, Performance Factors and Optional categories. This allows flexibility in matching the EPE process to the AD s objectives. The timing of the EPE plan and Performance Evaluations are shown in the table below: TABLE #1 LENGTH OF SERVICE PLAN PERFORMANCE EVALUATION New hires (<= 1 year) & Promoted employees a) Within 30 days of start date b) Upon completing 5 months of service Greater than 1 year Annually Annually Upon Completion of: a) 5 months of service b) 11 months of service

LAST REVISED: DECEMBER 31, 2012 PAGE 4 OF 6 The organization chart for the AD shows the hierarchy with which the EPE s are performed and are summarized as follows: The City Auditor reviews the Audit Managers (ACA V) and the AA and is Final Approver of all EPE s; The ACA V s review the ACA IV s; and The ACA IV s supervise and review the ACA III s, II s, and I s. TABLE #2 PROJECT EVALUATIONS The Post Engagement Evaluation Process is described at Procedure 270.00 Quality Assurance and Improvement Program. CONTINUING PROFESSIONAL EDUCATION (CPE) In order to monitor the AD s compliance with required CPE, internal auditors training history will be recorded and maintained by the AD s QA function. These records will be used as a tool to plan upcoming training activities necessary for individual internal auditors and the AD to adhere to professional standards and will also be maintained to support adherence with GAGAS and serve as a basis for QA. It is the responsibility of the individual auditor to provide support for attendance and successful completion to the QA staff. AD internal auditors will complete a total of 80 hours of CPE, 24 hours of which will be directly related to government auditing, the government environment, or specifically to municipal government every two years, with no less than 40 CPE s achieved in any given year. The AD has adopted the calendar year as its monitoring period, beginning 01/01/2009. An example of the training log is reflected below: AuditorX Phd, CPA, CMA, CIA, CFE, CISA, CGAP, CFM - Asst City Auditor I CPE Hrs CEU Hrs Fraud Hrs Govt Related Organization Location Seminar Name Date Using Risk Assessment to Build Individual Audit Programs 03/12/09 8 N/A N/A No IIA-Houston Chapter Houston-The Houston Club User Group for Webfocus - 4 hours 03/13/09 N/A N/A N/A No Info Builders Inc 10375 Richmond EPE Training for Supervisors - 8 hours 03/26/09 N/A N/A N/A No E. B. Cape Center IT Application Audits: What You Need To Know 04/06/09 1 N/A N/A No IIA-Houston Chapter Houston-The Houston Club CPA - State of Texas - License ID # - xxxxxxx Expires 02/28/2010 (1 year renewal interval) Status verification - http://www.tsbpa.state.tx.us/macros/od007.ndm/main Special ID Control # - 0208358 CPA - State of Wisconsin Credential # - xxxxxx Expires December 2009 (2 year renewal interval) Credential verification - https://ice.wi.gov/licenselookup/individual.do CPE requirements = 120 hours every 3 years, no less than 40 in any one year.

LAST REVISED: DECEMBER 31, 2012 PAGE 5 OF 6 CPE curriculum will be selected and scheduled to continually enhance the AD s collective knowledge and the internal auditors individual professional knowledge and skills. Internal auditors are encouraged to provide input as to the training they feel would both benefit them individually, and the AD as a whole, in performing engagements. NOTE: CEU in above table represents (Continuing Education Units) as not specifically credited by NASBA certified CPE s. PROFESSIONAL & ORGANIZATIONAL MEMBERSHIPS The AD maintains current memberships to the following Professional Organizations IIA Association of Local Government Auditors (ALGA) And: Pays for continuing education and Fees/Dues associated with CPA licensure, CISA, and CFE Renewal ADEQUATE SUPERVISION Audits/Engagements must be adequately supervised to ensure proficiency, competency, due professional care, as well as sufficiency and appropriateness of evidence to properly support findings, conclusions, and recommendations. This process is reflected by the qualifications of AD staff and management, accurate and relevant job descriptions, in addition to timely and efficient review and approval, where necessary, (e.g. Audit/Engagement Plan and Audit/Engagement Program, etc.) of engagement documentation and deliverable(s). EXTERNAL SERVICE PROVIDERS Prior to contracting for external services, the CA will assess the independence, objectivity, competence, knowledge and skills of the external service providers (as measured against professional standards) necessary to the particular assignments/engagements to be performed. This could include obtaining the most recent results of their peer review. DECLINING PROJECTS The CA will decline project(s) if he/she determines that there is a lack of adequate staff and access to other resources (including financial) needed to execute its function and discharge its duties in accordance with professional standards and/or if impairment to independence exists.

LAST REVISED: DECEMBER 31, 2012 PAGE 6 OF 6 RELEVANT PROFESSIONAL STANDARDS AND GUIDANCE GAGAS IIA Standards Professional Judgment 3.60 3.68 Competence 3.69 3.71 Technical Knowledge 3.72 3.79, 6.45 1200 Proficiency and Due Professional Care 1210 Proficiency 1210.A1 1210.A2 1210.A3 1210.C1 1220 Due Professional Care 1220.A1 1220.A2 1220.A3 1220.C1 1230 Continuing Professional Development 2000 Managing the Internal Audit Activity 2340 Engagement Supervision GAGAS Guidance on GAGAS Requirements for CPE GAO-05-568G IIA Practice Advisories 1200-1 Proficiency and Due Professional Care 1210-1 Proficiency 1210.A1-1 Obtaining External Service Providers to Support or Compliment the Internal Audit Activity 1220 1 Due Professional Care 1230 1 Continuing Professional Development