Russian speaking group

PEMPALT&C Group

Why the T&C model in Chetcuti

report is useful?

Why the T&C model in Chetcuti

report is useful? Create a standard/unique model for all PEMPAL countries to develop a single model

and use across counties.

Unique training model program in line with the IPPF, and all the changes in the standards will be reflected in the only program available in the region.

It provides clear sequencing of T&C which could be implemented in a sequence by the countries (within the two levels) more flexibility.

Minimum 2 years of relevant practical experience before awarding the IA certificate (1 year is not enough).

Easier to reinforce and get political support in our countries, as they can be formally considered as the best practice or “international standard” for the region.

This model reflects the real challenges and is and reasonable model.

Clear promotion structure for internal auditors which would help to retain some of the auditors.

Ensure that only auditors with relevant experience and knowledge work on relevant positions

Broader approach in the country context: develop the staffing capacity of the public sector or the country in general (private sector corporate governance development).

If not supported by the legislation it would be hard to enforce and the T&C system may fail.

The model will need to be enhanced with the tentative remuneration structure to be linked to the model.