The Institute of Internal
Auditors Latvia
Plans, Issues and Future of
IIA Latvia
Sandijs Mikelsons
Chairman of the board
25.03.2011.
www.iai.lv
www.theiia.org
Agenda
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IIA Latvia (some facts and history)
Recent activities and sucesses
Issues that are on the list
Plans for Future
www.iai.lv
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IIA Latvia
• Established in 1999.
• Started by 10 auditors
• Web page founded in 2001.
www.iai.lv
www.theiia.org
IIA Latvia
Members by year
180
160
140
120
100
80
60
40
20
oktober
november
august
december
august
december
august
august
august
august
august
december
march
0
1999
2002
2003
2003
2004
2004
2005
2006
2007
2008
2009
2010
2011
www.iai.lv
www.theiia.org
IIA Latvia
Members by industry
Other
9%
State
institutions
22%
Private
companies
27%
Banks
28%
Corprations
partly owned by
state
12%
Municipalities
2%
www.iai.lv
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IIA Latvia
• Regular conferences since 2001.
• CIA preparation training till 2007. (planned to
refocus)
• Regular translations of Standards
• Discussions
• Trainings
www.iai.lv
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IIA Latvia
• Plans for joining ECIIA were since 2003. and in
2009. members voted for it.
• Baltic boards along with Sweden and Finland
have cooperated in past in 2003. and 2004.
and will be continued.
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Baltics, Finland and Sweden
IIA board meeting
• Pernava,
02.07.2003
• Riga,
20.08.2004
www.iai.lv
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Activities & Success
• Regular affordable courses on different
themes:
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Standards
Risk management audit
IT audit
Project audit
Audit process, documentation
Soft skills
• At least annually – invite highly experienced
foreign expert (12.2010. “Lie Detection course”)
www.iai.lv
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Activities & Success
• Discussions
– On monthly basis,
– Focused on involvement of participants
– Organized according to relevancy of themes
• Expert Forums
– Groups of 6 -10 experts
– Analyze problems
– Results are distributed to members
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Activities & Success
• Annual Conference
Positive
– Attracts more and more people
– Good way to promote IIA
– Has become profitable
Possible improvement
– Planning should be done as early as possible
– New trends to work with increasing amount of
participants - workshops
www.iai.lv
www.theiia.org
Activities & Success
• IAI Bulletin (quarterly periodical)
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Communication from board
News about auditors, events
2nd edition for Members general meeting in March
Promotion of best info in “Internal Auditor”
www.iai.lv
www.theiia.org
Activities & Success
• Defined – Strategy for 2010. – 2011.
– Public sector
– Active involving members into institute activities
– Differentiating proposed activities and new products
www.iai.lv
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Activities & Success
• Defined - Action plan for 2010. – 2011.
– 7 Streamlines (alligned with Charter and Purpose)
– Recently updated ~ 70% actions implemented
– More structured and transparent way for
development
– Easier to monitor and add new ideas
– Priorities (high and normal)
www.iai.lv
www.theiia.org
Activities & Success
• Developed strategy for IA development in
Public sector and it was accepted by
government
• Ensured quality check of new Rules of Internal
audit and certification procedure for state
auditors
• Helped in transition of certification for state
internal auditors – developing questions for
state auditor certificate
Close cooperation with IA department (Ministry of Finance)
www.iai.lv
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Activities & Success
• Home page (www.iai.lv) – recently added
History of IIA Latvia and other information
• Actively updated, Calendar, News
www.iai.lv
www.theiia.org
Activities & Success
Soon to come:
• CEE group meeting in Riga (06.2011)
• Our members participate as leaders of
workshops in 6th CEE conference in May,
Austria
www.iai.lv
www.theiia.org
Issues on the list
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Social networks (facebook, linked-in, twitter)
Auditors in municipalities
New CIA, CGAP certifications decreased
Communication between members
Debts in member fees
www.iai.lv
www.theiia.org
Plans
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Cooperation in Baltic, European level
Motivation system – implementation
Continue with succeeded activities
Structural changes in committees
More communication with municipalities, State
audit office and External auditors
• More group activities for members to get to
know each other
• More differentiation in trainings – for
industries, levels of competency
www.iai.lv
www.theiia.org
Plans
• Projects and work groups developing and
implementing new ideas:
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Home page
IIA Bulletin
Sharing IA documentation
Different surveys
etc.
Project managers assigned
Bonuses according to Motivation system
www.iai.lv
www.theiia.org
Congratulations
• The Global IIA 70th
birthday
• IIA Lithuania has a
representative in
ECIIA advocacy
committee
www.iai.lv
www.theiia.org
Thank you for attention!
Lets join forces!
Contact me: Sandijs.Mikelsons@iai.lv (+371) 2 9628 919
Board: valde@iai.lv (permanent address for any board)
www.iai.lv
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