Annual Report 2010 03 August 2011 - Banka Qendrore e ...

CBK
Annual Report 2010
Table 23. Determination of auditing fields based on the risk for the three last year
Directorate 2010 2009 2008
Cashier and Treasury 17.80% 16.48% 14.00%
Asset Management 11.00% 16.87% 14.00%
Information Technology 10.04% 4.22%
Accountancy 9.90% 15.60% 18.00%
Procurements 9.20% 10.40% 10.00%
General Services 9.10% 8.34%
Human Resources 8.80% 9.42%
Financial Supervision 6.40%
Source: CBK 2011
Afterwards, the Central Bank Board is notified thought the Audit Committee of the status
of implementation of recommendations given by the internal Audit.
In addition to the Annual Plan and “ad hoc” audits, the operations of investments in
securities and time deposits have been audited on weekly basis during 2010. For this
purpose, 52 special reports have been prepared in 2010, followed by all investments both in
money market and securities. A particular importance was given to this area, especially as
of 2008 due to global financial crisis.
During 2010, the internal Audit was focused on Information Technology activities since
according to the “risk-based” methodology it has been estimated that the risk is more
evident there, taking into consideration that CBK operates with a range of systems
requiring an overall audit, in monitoring the recounting process of cash for remittances
abroad, the Audit was activated only during the first quarter of 2010.
With Kosovo entering into the IMF “Stand-By” program, the Internal Audit was entrusted
the independent audit duty on adequacy of Kosovo Government accounts.
According to the IMF program, CBK reports twice a month on all Government accounts,
whereas the Department of Treasury reports on quarterly basis, while the CBK Internal
Audit reports 45 days after each testing day, which represents the last date of each year
quarter. Consequently, this type of audit is empowering during each year quarter,
respectively, during 2010, 2 audits of this scope have been performed and the reports have
been forwarded to IMF, which included the III rd quarter July-September 2010 and the IV th
quarter October-December 2010. With purpose of such audit performance, it is also drafted
the Procedure pursuant to IMF recommendations.
In the course 2010, attention has been paid to continual professional development of the
Internal Audit staff, through trainings, international and local seminars, postgraduate
studies and continual cooperation with the Central Banks in the region, and professional
institutions such as the Institute of Internal Auditors-IIA and the Information Systems
Audit and Control Association )ISACA ).
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