Compilation of a Risk Based Audit Plan and an Internal Audit Strategic Plan

The presentation will be divided into two parts; the first presenting a proposed structured approach for the compilation of a risk-based audit plan. This will cover topics such as the creation of a meaningful audit universe, what considerations to take in risk identification, the importance of communication with, and the input of, other key stakeholders, and what one should consider to ensure that the audit plan really adds value to the organization. The second part of the seminar presents some suggestions of how one can devise an internal audit strategic plan which has now become a requisite under the new Global Internal Audit Standards.

The Speaker

Aidan Massa is Head of Internal Audit at the Central Bank of Malta, where he occupied different positions across several business areas since joining the Bank a number of years ago. He has a first degree in Banking and Finance, a Masters in Business Administration and is CISA qualified. Mr Massa is a member of the Internal Auditors Committee of the Eurosystem, the European System of Central Banks and the Single Supervisory Mechanism. On the local scene, he holds the post of secretary of the IIA (Malta) chapter.