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Group Internal Audit (GIA) : FY20 Annual Report (English)

GIA provides two services (assurance and advisory) and delivers three engagement products (audits, assurance reviews, and advisory reviews). The selection of product for each engagement is primarily determined by the maturity of the process to be reviewed and the needs of the client. This Annual Report gives an overview of GIA’s FY20 work program, with highlights of the key themes and risk areas we have identified through our engagements and dialogue with colleagues, management, and the Board. The report offers high-level advice and recommendations going forward to address the trends we have observed throughout this period.


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    Board Report

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  • Doc Name

    Group Internal Audit (GIA) : FY20 Annual Report

  • Keywords

    Ethics and Business Conduct; institutional risk; Fragility, Conflict, and Violence; integrated management; Policy and Procedure Framework; risk management framework; legal risk; corporate insurance; risk assessment process; risk management process; loan pricing; reasonable assurance; risk management function; management of procurement; liquid asset portfolio; Procurement Risk Assessment; asset management capacity; global payment; budget information system; allegations of misconduct; segregation of duty; risk management program; informed decision making; Risk and Controls; case management system; quality control process; implementation of mitigation; investment management agreement; risk management need; risk management approach; source of funding; certified public accountant; subject matter expert; allocation of resource; operation risk; flow of knowledge; line of defense; risk management activities; exchange of knowledge; mobile device; Integrity Risk; Strategic Initiatives; business process; operational risk; development operation; governance process; mobile application; system availability; security threat; mitigation measure; insurable risk; security control; internal process; risk identification; technical expertise; internal control; mobile computing; risk appetite; audit focus; insurance program; risk profile; legal counsel; incentive mechanism; risk response; potential conflicts; recent years; Insurance Broker; oversight mechanism; portfolio level; cyber threat; clear accountability; Capital Investments; clear definition; potential indicators; residual risk; program development; Contractual obligations; management committee; corporate leadership; reporting requirement; information acquisition; business engagement; project quality; good governance; impact area; legal resource; governance datum; legal record; budget process; collaboration tool; business application; document security; Homebased Work; review procedures; control testing; control weakness; accounting standards; funding source; new business; governance procedure; corporate procurement; risk coverage; internal environment; capital budget; IT Solutions; institutional policy; home countries; home country; audit experience; professional qualification; career path; organizational change; financial reporting; chartered accountant; oversight function; stakeholder concern; risk evaluation; oversight arrangement; stakeholder involvement; client needs; operational level; financial sustainability; monitoring activity; business case; operational process; mitigation decisions; Risk Awareness; information dissemination; capital increase; risk governance; Mobile Security; adequate procedures; nongovernmental institutions; support system; Procurement Policy; Procurement Framework; mobile risk; procurement issue; business objectives; project approval; adequate mitigation; project financing; client feedback; Gender Equality; related claim; Loss Event; institutional governance; gender expert; low risk; governance mechanism; insurance activity; accountability structure; role modeling; internal business; effective performance; product type; adequate incentives; trade rule; ethical standard; insurance need; employee education; risk tolerance; investment asset; loan product; audit review; governance arrangement; debt funding; fixed spread; mobile cost; approval process; new technology; governance environment; quality review; strategy implementation; Cyber Security; creative ways; governance function; security directive; financial risk; internal procedure; risk category; consulting service; internal capacity; Consulting services; independent assurance; managing risk; technology solution; overall governance; audit methodology; enforcement obligations; risk exposure; new skill; business knowledge; industry standard; work environment; consistent messages; incentive structure; extreme poverty; sustainable way; skill need; change management; institutional information; awareness campaign



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Group Internal Audit (GIA) : FY20 Annual Report (English). Washington, D.C. : World Bank Group.