Visuel internal audit

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Quality certification

The IFACI Certification issues a seal of approval attesting to quality and performance to Chief Audit Executives, in application of the twenty-five tried and tested requirements of the Standards for the Professional Practice Framework of Internal Auditing

Maturity assessment

Maturity Assessment turns the Internal Audit Activity into a driver of accelerated innovation, advocating pioneering concepts and forward-looking practices, whilst heeding expectations for organizational, technological and methodological breakthroughs

Performance assessment

Performance Assessment allows the Internal Audit activity to conduct a research process, to benchmark, adapt and implement fluid and effective practises

Official Awarding of Quality Certification 2015 to sixteen Internal Audit departments on 15 January 2016:

Agence de Services et de Paiement, AMUNDI, Autorité des Marchés Financiers(AMF), CACEIS, CACIB, Caisse de Dépôt et de Gestion du Maroc – Etablissement Public, Caisse Nationale de Retraites et d’Assurances (CNRA) & Régime Collectif d’Allocation de retraite (RCAR) du Maroc, Conseil Départemental de Seine Saint Denis (CG 93), Crédit Agricole Assurances, Crédit Agricole Consumer Finance, Crédit Agricole SA, Generali France, Groupe Lucien Barrière, LCL, Sodexo, Voies Navigables de France.

Read the feedback (download the pdf)

Press coverage: read the article Les Echos Business

Launched on 15 January 2016, the Maturity Assessment and the Performance Assessment complete the already enshrined Quality Certification offer.

Three major organizations, Groupe Caisse des Dépôts, Zodiac Aerospace and Poste Immo are testimony to this approach:

Given the highly diversified and dynamic scope of the activities of the Groupe Caisse des Dépôts, its Internal Audit activity has to be extremely adept in adjusting its systems to the level of risks to be covered. The Internal Audit Activity of the Caisse des Dépôts has clearly established itself as expert to the Executive Management and Supervisory Board. The Maturity and Performance Assessments have enabled the Caisse des Dépôts to obtain a rigorous assessment and contextualization of its internal audit function, as well as relevant benchmark input

One of the world’s top ten leaders in aerospace equipment and systems, Zodiac Aerospace, was confronted in 2015 with a significant drop in its operating profits, after revision of its internal control framework. The Maturity Assessment model notably allowed for a greater understanding of the expectations of the stakeholders and facilitated interaction with the latter.

Poste Immo manages the entirety of the real estate assets of La Poste group. Implementation of the Maturity and Performance Assessments has enabled it to go above and beyond what is mandatory, bolstering the internal Audit Activity and improving current practices.

Press coverage:

Read the article AGEFI

Read the article IIA Belgium Compass

IFACI 50th Certification Award Ceremony:

IFACI Certification had the pleasure of awarding its 50th Certification to the Chief Audit Executive of Groupe Eurotunnel on Thursday, 22 November 2012, ceremony which took place at Palais Brongniart.

Extract from the speech made by Mr Benoît de JUVIGNY, General Secretary of the Autorité des Marchés Financiers, French stock market regulator:

“I would like to commend the IFACI certification, which is proving to be highly useful. It demonstrates the importance for companies of third party assessment.  It provides reasonable assurance that the Internal Audit Activity is indeed focused on the areas of strategic importance to the Organization.

Anything that helps successfully complete and improve the performance of the Internal Audit Activity can only be welcomed from a regulatory and control perspective”.

Summary

“To improve you have to be measured, to be the best you have to be compared”
The Performance Assessment allows the Internal Audit activity to conduct a research process, to benchmark, adapt and implement fluid and effective practises.

Performance assessment 1

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For what objectives?

Raising expectations in terms of audit service quality

Challenging the routine delivery of key audit processes

Review the allocation of stretched audit resources

Establishing better control over patchy audit cycle times

Ensuring better « just in time » reporting

Optimizing flexibility and versatility of Internal Auditors

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Key success factors

Setting credible and realistic goals

Perform an unbiased assessment of audit practices

Leveraging full potential benefits in a structured manner

Implanting relevant methods and effective practices

Aiming above and beyond stakeholder satisfaction

Rethinking audit processes with long term competitiveness in mind

Facilitate change management whilst maintaining audit activities in motion

A structured and pragmatic Performance Framework

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