EFFECTIVE INTERNAL AUDITING AND INTERNAL 有效内部审计与内部审计.pptxVIP

EFFECTIVE INTERNAL AUDITING INTERNAL CONTROLSFOR GOOD CORPORATE GOVERNANCE Presenter Claire Gomez Miller CIA CRMA FCCA Chief Audit Executive The National Gas Company of Trinidad Tobago Limited AGENDA –EFFECTIVE INTERNAL AUDITING AND INTERNAL CONTROLSFOR GOOD CORPORATE GOVERNANCE Overview Global Definitions of Corporate Governance Internal Auditing – 100% Focus on Controls, Risk Governance Standards for Effective Internal Auditing Controls - Institute of Internal Auditors COSO Responsibilities of Board of Directors, Board Audit Committee, Management Internal Auditors for Effective Control of Risks Examples of Governance Risks that must be controlled for Good Governance Effective Internal Auditing Controls for Good Corporate Governance – Factors that make an Internal Audit Function Ineffective Internal Audit Independence Pillars of Good Corporate Governance - Working Together for Strong Governance July2013 CGM 2 July2013 3 CEO/PRESIDENT EMT BOARD FINANCE COMMITTEE BOARD OPERATIONS COMMITTEE BOARD HUMAN RESOURCE COMMITTEE BOARD TENDERS COMMITTEE SHARE HOLDER EXTERNAL AUDITORS CORPORATE MANAGEMENT TT CITIZENS NATIONAL LAWS REGULATIONS COMPANY LAW GLOBAL REGULATIONS Company Secretary Corporate Secretariat FUNCTIONAL CONTRACTS: SHAREHOLDERS; EMPLOYEES; SUPPLIERS; CUSTOMERS; CREDITORS. CGM GLOBAL DEFINITIONS OF CORPORATE GOVERNANCE Corporate or Organizational Governance Common elements present in most definitions of Corporate Governance describe it as “the policies, processes, and structures used by organizations to direct and control its activities, achieve its objectives, and protect the interests of its diverse stakeholder groups in a manner consistent with appropriate ethical standards.” The INSTITUTE OF INTERNAL AUDITORS defines Corporate Governance as “The combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objective