Improving Internal Audit System for the Public Sector (AM0002)
Overview
At-a-Glance
Action Plan: Armenia Action Plan 2011-2012
Action Plan Cycle: 2012
Status:
Institutions
Lead Institution: Ministry of Finance
Support Institution(s): Four Assist Development Consulting Limited
Policy Areas
Anti Corruption and Integrity, Audits, Capacity BuildingIRM Review
IRM Report: Armenia IRM Progress Report 2012-2013
Early Results: No IRM Data
Design i
Verifiable: Yes
Relevant to OGP Values: No
Ambition (see definition): Low
Implementation i
Description
The government will continue enhancing the audit system to achieve a greater degree of transparency in managing public resources. It is planned to start the implementation of the new internal audit system from the second quarter of 2012. By the end of 2012 the internal audit system must be implemented in all central governmental entities, town communities and commercial and non commercial government organizations. This requires introducing effective methods and procedures for risk assessment and internal audit methods and tools complying with the international standards and best practices, as well as training of relevant staff. Further developments in the area of internal audits will also require the development and implementation of an internal audit qualification system and continuous training and development programs for internal auditors.