THE THIRD CONFERENCE ON INTERNAL AUDITING IN MONTENEGRO

INTERNAL AUDIT ESSENTIAL TO IMPROVE GOVERNANCE

- SEARCHING FOR STABILITY -

Agenda Podgorica, 29.-30. September, 2014 – “LESENDRO HALL”, Hotel “Ramada”

Ministry of Finance of Montenegro

Ministry of Finance of Montenegro

08:00-08:30-REGISTRATION, MONDAY, 29. SEPTEMBER 2014

TIME:GENERAL SESSION - Moderator: Dr Slavko Rakočević, CRMA

DESCRIPTION/TOPIC LECTURER

09:00-09:05 INTRODUCTION Ambassador Mitja Drobnič – Head of EU Delegation to Montenegro.

09:05-09:25Public Financial Management in the Context of Accession

Ambasador Mitja Drobnič– Šef Delegacije Evropske Unije u Crnoj Gori.

09:25-09:50State Audit vs. Internal Control in Public Sector – best practices

Dr Branislav Radulović – Member of Senate of the Supreme Audit Institution in Montenegro.

09:50-10:30 Communicating in Internal AuditMs. Lucy Elliott – Director of Internal Audit and Evaluation – The organization of Economic Cooperation and Development (OECD).

10:30-10:50 BREAk wITH REFRESHMENTS

TIME:

CONCURRENT SESSION 1: INTERNAL AUDIT FUNCTION, GOVERNANCE, RISk AND CONTROLS- Moderator: Jasna Turković, President of IIA Croatia

DESCRIPTION/TOPIC LECTURER

10:50-11:30The missing link between Process Management and Risk Management-from theoretical to practical approach

Mag. Norbert wagner – CEO of IIA Austria, member of the Public Affairs Committee of the ECIIA.

11:30-12:10 Revisiting the role and tasks of Internal AuditJean-Pierre Garitte, CIA, CCSA, CISA, CFE, RFA - PWC Senior vice president of Internal audit, OECD/SIGMA Expert (Organization for economic cooperation and development), Senior Expert at the Belgian Banking Academy, past Chairman of the Board of the Global Institute of Internal Auditors (IIA)

12:10-13:00 BREAk

TIME:

CONCURRENT SESSION 1: INTERNAL AUDIT FUNCTION, GOVERNANCE, RISk AND CONTROLS- Moderator: Jasna Turković, President of IIA Croatia

DESCRIPTION/TOPIC LECTURER

13:00-13:25Internal Audit Challenges in the Federation of Bosnia and Herzegovina

Fatima Obhođaš - Acting Deputy Minister for Central Harmonization for Public Internal Financial Management and Control and Internal Audit.

13:25-14:00The positive effects of registered fraud for Internal Audit in organization

Jordan karabinov, ACCA, CIA – IIA Bulgaria Chairman; Managing Partner in JK&Partners, which offers services in the sphere of Internal Audit and Risk Management.

14:00-14:20Consulting vs. Assurance during Internal Audit engagements – best practice

mr Dragan Vučić – Chief Audit Executive at Komercijalna bank Banja Luka – Bosnia and Herzegovina; Chairman of the Internal Audit Committee at Banking Association in Bosnia and Herzegovina.

14:20-14:30 SIGNING OF AGREEMENT BETwEEN IIA MONTENEGRO & ISACA CROATIA

Ministry of Finance of Montenegro

Ministry of Finance of Montenegro

14:30 -16:30 – LESENDO HALL

IIA MONTENEGRO “PANEL DISCUSSION”

MODERATOR: Jean-Pierre Garitte, CIA, CCSA, CISA, CFE, RFA PWC Senior vice president of internal audit, OECD/SIGMA Expert (Organization for economic cooperation and development),

THE PARTICIPANS

• ASSISTANTMINISTERSRESPONSIBLEFORINTERNALAUDITINPUBLICSECTORINMONTENEGRO,BOSNIA&HERZEGOVINAANDSERBIA• LEADERSOFTHENATIONALINSTITUTEOFINTERNALAUDITORSOFBALKAN• DIRECTOROFINTERNALAUDITUNITATOECDORGANIZATION• MEMBER OF THE SENATE OF THE MONTENEGRIN SUPREME AUDIT INSTITUTION

TUESDAY, 30. SEPTEMBER 2014

GENERAL SESSION-Moderator: Jean-Pierre Garitte, CIA, CCSA, CISA, CFE, RFA - OECD/SIGMA Expert

TIME: DESCRIPTION/TOPIC LECTURER

08:30-08:45Importance of Financial Reporting & Auditing in Companies – from Montenegrin Employers Federation perspective

Suzana Radulović – General Secretary of the Montenegrin Employers Federation.

08:45-09:15New Trends in Internal Audit-Report from The Global Council in Dubai, March 2014.

Prof. Jozefina Beke Trivunac, CIA – The President of IIA Serbia. Full professor at ALFA University in Belgrade.

09:15-09:45Membership Servicieng Alternative Model–transition period until 2016.

Dr Slavko Rakočević, CRMA – Chairman of the Board of IIA Montenegro; member of the Audit Committee ECIIA Brussels; member of the Global IIA Task Force in charge for developing new institutes.

09:45-10:15From CBOk survey 2010 until the next CBOk survey 2015 – what is next for Internal Auditing?

Dr Gaby Sayag – Director of the Internal Audit Program at Haifa University in Israel; member of the IIA Israel Management Board; Project Champion for IIA Israel to the CBOK 2015 Global Team.

10:15-10:40Expectations from Internal Audit in terms of the required knowledge and skills – sharpening the future

Jasna Turković – IIA Croatia President; Senior Auditor in „Intesa Sanpaolo Card“ Croatia.

10:40-11:10 BREAk wITH REFRESHMENTS

LESENDRO HALL BALkAN HALL

CONCURENT SESSION 1: THE INTERNAL AUDIT FUNCTION, INDEPENDENCE AND OBJECTIVITY

CONCURENT SESSION 2: PUBLIC SECTOR

TIME: Moderator: Višnja komnenić– Member of the Board at ISACA Chapter in Croatia

Moderator: Mag. Norbert wagner, IIA Austria CEO

11:10 -12:00

Lecturer 1. - Lucy Elliott, Director of Internal Audit and Evaluation – The organization for Economic Cooperation and Development (OECD)From 11:10-11:35 ► Topic 1: Effective internal audit reports from OECD prospective Lecturer 2. - Olivera Radović, Chief Audit Executive at Serbian Public Company for Electrical Networking “Elektromreža Srbije”; Authorized Internal Auditor – Certificate issued by Serbian Ministry of Finance.From 11:35-12:00 Topic 2: Good communications skills as the basis for successful Internal Audit

Jean-Pierre Garitte, CIA, CCSA, CISA, CFE, RFA, PwC Senior vice president of internal audit, OECD/SIGMA Expert (Organization for economic cooperation and development)

Topic: ►Quality assessment for Internal Auditors in Public Sector

Ministry of Finance of Montenegro

Ministry of Finance of Montenegro

MODUL: GOVERNANCE, FINANCIAL REPORTING AND CONTROL- Moderator: Miodrag Vujković, Director of Internal Audit at CkB Bank Montenegro

TIME: DESCRIPTION/TOPIC LECTURER

12:00-12:30Adequacy of Internal Auditors for External Audit Engagement

Prof. Đorđije Rakočević – President of IIA Montenegro; Director of Audit Company “UHY Mont Audit”; Licensed Auditor at the Ministry of Finance of Montenegro.

12:30-13:00The reality for Financial Reporting – the benefits & cost of that reality – where is the balance

Prof. Zoran Petrović – Professor at Cathedra for Accounting and Auditing at Singidunum University in Belgrade – Serbia; Author for more than 10 books in Accounting and Auditing.

13:00-13:30Contemporary Methods and Techniques during Internal Audit engagement - example for Financial Institutions

Dr. Danica Leko – Senior Supervisor at National Bank of Serbia

13:30-14:10 BREAk

MODUL : INFORMATION SYSTEMS AND FRAUD RISk- Moderator: Mag. Norbert wagner, IIA Austria CEO

TIME: DESCRIPTION/TOPIC LECTURER

14:10-14:40New dimension of Crises Menagement for efficient Business Continuity

Aurora Volarević, - Chief Audit Executive at Kent bank in Croatia; President of the ISACA Chapter in Croatia.

14:40-15:20 General Security Audit – Access controlsVišnja komnenić, –Member of the Board at ISACA Chapter in Croatia and ISACA CroatiaVicePresident for Exams & Sertification; Member of the IIA Croatia Menagement Board.

15:20-15:50 Ethical “blindness” of Internal AuditorsPolona Pergar Guzaj, CIA, CFE, CFSA, CRMA, - IIA Slovenia Chairman; member of the IIA CBOK 2015 Stakeholders Subcommittee; CEO and founder of “4E Company” Slovenia – specialized in consulting services in Corporate Governance and Fraud Detection.

15:50-16:00 Closing the Conference

Ministry of Finance of Montenegro

Participation fee includes: participation at the conference, interpretation services (from/to English), refreshment during breaks, materials, fieldtrip to wineries Šipčanik on 29th September (meeting point in front of the Hotel “RAMADA” at 5:30 pm), transportation from Podgorica to the winery and back by an air-conditioned buss.

Participation fee does not include: hotel accommodation, fieldtrip and Skadar Lake cruise and tourist guide services (in English too) with a dinner break. The price of this trip is 50€ per person, provided minimum of 30 participant register for the trip (departure is scheduled for Tuesday 30th September from the main entrance of Hotel “RAMADA”, at 5:00 p.m.). Payment towards the Institute should be completed after online application for participation at the Conference (additional offer for the field trip).

Application procedure:You may apply for participation online at the following addres: http://iircg.co.me/IIA/registration.html

Payment:All interested persons should send a copy of the payment order to the following e-mail iircg@t-com.me, to ensure the application is properly recorded and taken into account. All participants (from Montenegro and abroad) can complete the payment by transferring funds to our gyro/foreign exchange account at Hipotekarna Bank Podgorica.

For payments from Montenegro: Acc No: 520-399-42, Hipotekarna Banka AD Podgorica, Ul. Josipa Broza Tita 67, 20000 Podgorica

For international payments:Code: Bank: Currency:

DEUTDEFF (Deutsche Bank ag Frankfurt) EUR, USD

BkTRUS33 (Deutsche Bank Trust Company Americas New York) USD

PROBSI2X (Probanka dd Maribor) EUR

COBADEFF (Commerzbank ag Frankfurt) EUR, USD, CHF

BkAUATww (BankAustriaCreditanstaltagVienna) EUR

RZBAATww (RaiffeisenZentralbank–Vienna) EUR, USD

LHBIDEFF (LHB Inter.Handelsbank ag Frankurt) EUR, USD, CHF

EABMRUMM (Euroaxis Bank Moscow) EUR, USD

HYVEDEMM (BaerischeHypo-undVereinsbankagMuenchen) EUR, USD

PASCITMM (Banca Monte dei Paschi di Siena) EUR

PDkCHR2X (Podravska banka dd Koprivnica) EUR, HRk

ABANSI2X (AbankaVipaddLjubljana) EUR, USD, GBP, CHF

Account with: HBBAMEPG (HIPOTEKARNA BANKA AD PODGORICA)Beneficiary: / ME25520042000000135133 (Acc. No-IBAN)INSTITUT INTERNIH REVIZORA CG (Acc. name and address) PODGORICA-MONTENEGRO

Accommodation and reservations:All information about accommodation and reservation are available via following address:http://iircg.co.me/IIA/venue.html

Participation fee: 1. IIA Montenegro Members – 250€ 2. Non-members – 300€ Note: IIA Montenegro is exempted from the VAT regimen in accordance with the Law on VAT of Montenegro.

PHOTOS OF SkADAR LAkE (FIELD TRIP SCHEDULED FOR TUESDAY 30 SEPTEMBER 2014.) –

NOT INCLUDED IN THE REGISTRATION FEE, meeting point in front of the Hotel „RAMADA“ at 5:00 pm)

PHOTOS OF ŠIPČANIk wINERY (FIELD TRIP SCHEDULED FOR MONDAY 29 SEPTEMBER 2014. –

INCLUDE IN THE REGISTRATION FEE), meeting point in front of the Hotel „RAMADA“ at 5:30 pm