Ministry of Economy and Finance of the Republic of Uzbekistan

For reference: PEMPAL was established in 2006 with the support of the World Bank, and today there are public budget, treasury execution and internal audit communities.

The main goal of the program is to support reforms in the field of the state budget, treasury execution and internal audit, to prepare manuals based on best international practices, and to create a dialogue platform for the exchange of experience between experts from member countries. The internal audit community, created within the framework of the program, includes practitioners and experts from more than 30 countries.

The seminar was attended by Arman Vatyan, a World Bank expert and Head of the Public Expenditure Management Peer Assisted Learning (PEMPAL) program. The presenters included Jean-Pierre Garitte, a World Bank expert, member of the European Union Committee for Internal Audit Development, and former chair of the International Council of the Institute of Internal Auditors; Kathleen Megank, chief auditor of the Federal Internal Audit Department of Belgium; Albana Gjinopulli, Head of the Internal Audit Coordination Structure at the Ministry of Economy and Finance of Albania and Chair of the Executive Committee of the Internal Audit Community; Elena Remikovic, Head of Internal Audit for the City of Podgorica in Montenegro; and Amela Nikšić, Head of the Internal Audit Unit at the Ministry of Finance and Treasury of the Federation of Bosnia and Herzegovina.

From the Ministry of Economy and Finance, employees of the Department for the Development and Coordination of the Activities of Internal Audit Structures of State Bodies of the State Budget Policy Department participated.

At this online seminar, the parts of the updated international internal audit standards "effective planning of audit activities" and "conducting audit activities" were discussed in detail based on presentations.

In the presentations made by experts and practitioners, the importance of introducing modern management principles into the activities of state bodies and organizations, including in the context of the emergence of new types of risks and improvement of procedures, internal auditors further develop their main functions and adapt to innovations was emphasized.

It was also noted that it is advisable to make the necessary changes to the relevant regulatory documents in order to bring the function of internal audit in state bodies and organizations in line with updated international standards.

This, in turn, will further enhance the ability of internal audit services to comply with international standards, effectively address emerging risks, and develop proposals and recommendations.

At the seminar, experts from the PEMPAL Internal Audit Community provided information on best practices for implementing updated international internal audit standards in the activities of state bodies and organizations. Questions raised by the participants were discussed, and suggestions and recommendations on the topic were made.

Such seminars will allow for a further increase in the effectiveness and efficiency of internal audit structures of state bodies and organizations in Uzbekistan, bringing them into line with best international practices.

Information Service

Ministry of Economy and Finance