Functions and Role
Two Internal Auditors of the Organisation may be appointed or re-appointed at each General Assembly. The setting of criteria and the selection of the candidates for the positions is in the competence of the Executive Council. The Internal Auditors shall not represent a member of IOTA that has been elected as a member of the currently elected Executive Council.
The Internal Auditors hold office from the conclusion of the General Assembly when the incumbents are appointed until the conclusion of the next General Assembly.
The powers and responsibilities of the Internal Auditors are:
- to review and assess the internal procedures of the Organisation as well as the conformity of those with the legislation(s) and the Charter;
- to examine and evaluate the overall economic viability and efficiency of the Organisation, as well as the financial management and the internal control systems;
- to keep track of the efficient use of the resources available, monitor how property items are conserved and augmented and check the reliability and credibility of the accounting system and financial reports in cooperation with the external (independent) auditor;
- to present statements and recommendations on the processes examined, to prepare analyses and assessments for the General Assembly on how to enhance the operational efficiency of IOTA, and to improve and further develop the internal procedures, along with the internal audit system itself.
- to formulate recommendations and proposals on how to remove and eliminate risk factors and shortcomings;
- to keep track of the measures and actions taken based on the recommendations incorporated in the audit reports.
Internal Auditors participate at the sessions of the General Assembly with the right to speak but not to vote.
Internal Auditors conduct their audit independently.
The Internal Auditors may seek for information during the period of the incumbency from the statutory and technical bodies of the Organisation with the assistance of the Secretariat.
The observations and recommendations of the Internal Auditors are included in a written report notified to the President and the Secretariat at the latest 30 days before the General Assembly takes place. The report is presented to the General Assembly before the vote on the Financial Report. The written report isto be attached to the resolution of the General Assembly.
(from Article 13 “Internal Auditors” of the Charter)
Internal Auditors of the Organisation for the period between 15th and 16th General Assemblies of IOTA
Ms. Catherine CAMPINCHI
General Directorate of Public Finances
France
Ms. Maria MITU
National Agency for Fiscal Administration
Romania
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 Internal Audit Function of IOTA 13.63 Kb
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