institute of internal auditors in b&h - Udruženje internih revizora BiH

INSTITUTE OF INTERNAL AUDITORS IN B&H,
RECOGNIZED AS IIA B&H WITH IIA GLOBAL
Sarajevo, Bosnia and Herzegovina, May 10-12, 2012
HOTEL SARAJEVO, Sarajevo
1

Dear Colleagues,
The Institute of Internal Auditors in Bosnia and Herzegovina is invites you to
attend Seventh International Conference for Central and Southeast Europe.
This event will help internal auditors and all other interested participants to
gather and exchange information on internal audit practice. It will define the
brand of internal audit, objectives and scope I order to eliminate those that
do not add value, and at the same time present tools that can help you do
more for less and more effectively plan what we expect to happen.
Around 30 speakers from the region and other countries from Central and
Southeast Europe will present you topics, among others, related to:
Strategic issues of internal audit,
Internal audit in corporate operations,
Effective work and sustainability of internal audit,
International internal audit standards,
And topics focused on four areas – economy, budget and non-profit organiza-
tions, banks and other financial institutions and information technologies.
In addition to variety of interesting topics, you will have the opportunity to
enjoy the beauty of Sarajevo, its rich diverse culture, customs and art and
taste of Bosnian and Herzegovinian cuisine.
We hope to exceed your expectations.
With respect,
Alma Delic, President of IIA B&H
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Alma Delic, chairwoman of IIA Bosnia and Herzegovina, owner of Revsar LtD Sarajevo
Alma Delic is chairwoman of Institute of Internal Auditors in Bosnia and Herzegovina (IIA B&H), recognized
by Global Institute of Internal Auditors (IIA Global). Experience as head of economic planning
and analysis department of RMK Zenica, company-successor of the former administrative and scientific
leadership of Mining and Metallurgical Combine Zenica, manager in accounting agency and Court
interpreter in Court of Law in Federation of Bosnia and Herzegovina was a stepping stone for owner
position in one of the leader domestic companies for audit and business consulting Revsar, Sarajevo
that she holds since 2000. Besides professional publications, Ms. Delic has been a guest lecturer in
organization of Faculty of Criminal Science in Sarajevo and Association of Attorneys in B&H, and regular
lecturer in IIA B&H and in organization of Croatian Association of Accountants and Financial Professionals
and IIA Croatia.
Mr. sc. Ankica Kolobaric, president of Board of Directors IIA B&H, Vice Governor of Central bank
B&H
Ankica Kolobaric is the President of Management board of Institute of Internal Auditors Bosnia and
Herzegovina. She has extensive banking experience especially in the field of bank management and
internal audit proven by the master thesis on Impact of internal audit on reducing risk in bank
business in Federation of B&H. She has specialized in bankruptcy and liquidation manager, authorized
external auditor—specialist for banks and financial institutions. She is one of the cofounders, active
member and regular lecturer in the Institute of Internal Auditors in B&H. As of July 1, 2004 she has
assumed the duty of Chief internal auditor and as of June 1, 2008 she is Vice governor of Central Bank
of Bosnia and Herzegovina.
Doc. dr. sc. Ibrahim Okanovic, General Auditor for Audit of Institutions of B&H
Ibrahim Okanovic holds a Doctor of Science degree and is a recognised financial expert with years of
working experience in various public administration and health bodies, where he held a number of
senior posts as a financial expert. He also worked on drafting, adopting and implementing a number of
legislative acts during the blockade of the Una-Sana Canton. In addition, he successfully served two
terms of office as the Una-Sana Canton Minister of Finance and was involved in budget preparation
and execution, as well as in proposing legislation in the field of public finance.
Having invested his extensive expertise and experience, Ibrahim Okanovicorganised the FBiH Office for
Budget Audit.
Prof. dr. sc. Lajoš Žager, professor at the Faculty of Economics, Zagreb
Lajos Zager is the full-time professor at the Faculty of Economics in Zagreb, Accounting department. He
holds additional positios of Vice-dean for scientific research and administration (2010 -), president of
the Council of humanities of the University of Zagreb (2010 - ). Also, he is a memeber of many
professional organizations including European Accounting Association, ECIIA, IIA Croatia, Croatian
Chamber of Auditors, Croatian Association of Accountants and Financial Professionals. In addition
to activities related to the faculty, Professor Zager performs the following functions: President of the
board of examiners for the title of Certified Internal Auditor, Member of the Financial Reporting
Standards Council, Chairman of the Committee for Public Oversight of Audit, Member of Expert
CounciloftheStateAuditOfficeand
Member of the internal financial control in the public sector.
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Prof. dr. sc. Gordana Vukelić, full professor of Belgrade Banking Academy
Gordana Vukelić is a full professor at the Belgrade Banking Academy - Faculty for Banking, Insurance
and Finance. She spent six months in the USA in 2003, within Faculty Exchange Program (USDA) and
took part in work with students at the University of Minnesota. She also participated in the Farm
Management Training Programme organised in Serbia in 2004 and 2005 by Penn State University
and initiated by the Ministry of Agriculture, Forestry and Water Management of the Republic of
Serbia and the US Federal Ministry of Agriculture. She takes part in various bodies and committees of
the Faculty being active in both teaching and expert and scientific disciplines (undergraduate papers,
Master and PhD theses) and research projects.
Stanko Tokic, President of IIA Croatia and Head of Internal Audit and Risk Management
Department of Croatian Electricity Company (HEP d.d.)
Mr. Stanko Tokic is the President of IIA Croatia and the Head of Internal Audit and Risk
Management Department. He graduated from the Faculty of Economics in Zagreb and has a
master’s degree in auditing. He has more than 35 years of experience in finance, planning,
accounting and auditing, especially internal auditing. He is certified as an internal and commercial
auditor in Croatia. From 1998 he has been in charge of the Internal Audit Department in HEP and
has been in internal auditing for the last 15 years. He is a President of IIA Crotia and member of the
Executive Committee of the National Association of Internal Auditors and Controllers (HZRFD) and a
member of the team for internal controls in the public sector. He has published articles covering
internal auditing, system of internal control, internal marketing and business skills in different
journals in Croatia and other countries in the region. He has also written many papers, manuals,
leaflets and presentations on internal auditing. He has an advisory position in a number of
companies on the topic of internal auditing, procedures to establish internal auditing function,
working papers, manuals, education, communication skills etc. Mr. Tokic attends and participates as
a presenter at congresses, seminars, trainings, workshops both in Croatia and neighboring
countries.
Mirjana Bogicevic, CIA, Chairwoman of IIA Serbia
Mirjana Bogicevic is managing director of Energoprojekt Garant Insurance P.L.C. Belgrade. Previous
relevant engagement was as CAE in „Energoprojekt Garant Insurance“ and „Energoprojekt Holding“
P.L.C., Belgrade. Mrs. Bogicevic is President and one of the founders of The Association of Internal
Auditors of Serbia and also a Certified Internal Auditor, designation awarded by Serbian Chamber of
Authorized Auditors. She is also Certified Internal Auditor (CIA) awarded by The Institute of Internal
Auditors. Owns a MBA degree, Faculty of Economics, Belgrade.
Özlem Aykaç, Chairwoman of IIA Turkey
Özlem Aykaç holds a BA in Business Administration from Middle East Technical University. Ms.
Aykaç joined The Coca-Cola System in 1999 as an Internal Audit Manager. She has 23 years of ex-
perience in Internal Audit and Finance in the banking and textile sectors. Ms. Aykaç is the Presi-
dent of the Institute of Internal Auditing-Turkey. In addition, she served as a Member of the Board
and Audit Committee for the Global Institute of Internal Auditors (IIA). She holds both Certified
Internal Auditor (CIA) and Certification in Control Self Assessment (CCSA).
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Dr. Dragan Kulina, Chief internal auditor of Central bank of Bosnia and Herzegovina
Born on December 7, 1963 in Sarajevo, where he finished elementary and high school and faculty of
Economics. The scientific degree of doctor of economics acquired at the Faculty of Economy,
University of Novi Sad, where he defended his doctoral disertation titeled “Modern concepts of
regularity audit and audit of public sector sucsess”. He has 25 years of experience acquired in the
economy and public sector as a manager, professional assistant, administrator, director of sector of
finance and accounting. For eight years, 2000—2008 he was a deputy general auditor in the Office for
audit of institutions of B&H, and in 2009 he was appointed Chief internal auditor of Central Bank of
Bosnia and Herzegovina. He was a memeber, vice president and president of several management
and supervisory boards, companies and public institutions. As a member and leader of several expert
and working groups he participated in various national and international projects. 2000—2009 he
represented B&H in several international conferences as a member or leader of the delegation and
liason officer. He is Certified auditor and Internal auditor. He is the assistent professor at the Faculty
of Economic in East Sarajevo on Accounting and audit. Expert knowledge in the field of public
sector management, strategic planning and management review process acquired in
country and abroad. He is author and coauthor of several booksand and scientific and research
papers in the field of accounting, auditing, public finance and financial management.
Djinita Foco, dipl.iur., Director of Agency for Public Procurement of Bosnia and Herzegovina
Djinita Foco was born on May 4, 1963. By profession, she is an attorney with diploma gained at the
Faculty of Law, Sarajevo. She began her career at the Municipal Court in Sarajevo, where in perio
1988—1990 she worked as legal assistant—volunteer. 1991—1992 she is employed in Department of
Statistics RB&H as legal expert for population registry and 1994—1995 in Ministry of Internal Affairs as
legal expert for administration. Prior to her appointment as Director of Agency for Public
Procurement of Bosnia and Herzegovina in 2005 she spent 3 years in Ministry of Finance and Treasury
of B&H as legal adviser for cooperation with World Bank and IMF and coordinator for projects of
European Commision—public procurement. In 2003—2006 she was a coordinator for Project Reform
of public procurements in Bosnia and Herzegovina—CARDS project, phase I and II and in 2006 a
member of negotiation teams of B&H for CEFTA Agreement and SAA Agreement. She speaks English
language.
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MSc. Bosko Ceko, The Audit of the public sector in the Republic of Srpska– Main Auditor
Prof. dr. sc. Mamic Sacer Ivana, Faculty of Economics, Zagreb
“Auditing general controls of information system”
"The role and importance of Supreme Audit Institutions of the public sector in BiH in controlling the
spending of public funds"
Danijela Stepić, Head of the Central Harmonisation Unit in the Ministry of Finance in Croatia
„ Challenges of the internal audit development in public sector“
The presentation will give overview of the most significant challenges that internal audit in the
public sector is facing. The special emphasis will be given on the acceptance of internal audit by
management structure and models of rational establishment of internal audit in the public
sector. These challenges are especially important in the candidate countries and potential
candidate countries for joining EU, since development of the internal audit is a part of the
negotiation process in Chapter 32 – Financial control.
Prof. Dr Fikret Hadzic and MSc Melisa Prolaz, Faculty of Economy in Sarajevo
“The role of regulatory authorities in the global financial crisis – new regulatory challenges and rec-
ommendations”
Price bubbles are the main reason for several financial crises. The counter-cyclical regulation should
limit the price bubble growth. The counter-cyclicality requires the increment of the required and
actual capital in good years when loan losses are below long run averages, creating capital buffers
which would be used in recession years for loss absorption. Other important research aspects are the
quantity and quality of the required capital, leverage ratio, liquidity regulation and maturity transfor-
mation and deposit insurance. In addition, the paper will try to give an answer to the regulation
boundaries and provide adequate recommendations.
Information system audit deal with review the quality of accounting and other non-accounting
information systems of some entity. In order to gather audit evidence of certain information
system, auditors test general (management) and application controls. General IT controls are
those controls that concern the general conditions of information system operation and the
environment of that system. The paper shows the main aspects of auditing general IT controls.
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Angela Witzany, Chairwoman of IIA Austria
Angela Witzany, CIA master`s degree in commercial science at the WU Vienna; accountant and she earned
the CIA exam in the year 2000. Since 1997 she has experience in internal auditing especially in the
insurance sector and since 2001 she is Head of Internal Audit for the Austrian Insurance Company
Sparkassen Versicherung AG, Vienna Insurance Group; responsible for Austria and Bank Insurance
Companies in the CEE area relating to the IA function by strengthening and promoting the IA profession.
She currently serves as the President of IIA Austria, Vice President of the Committee of Internal Audit and
Control within the Insurance Association in Austria and she is as well leading the permanent working group
of Privat Insurance Companies for IIA Austria. Angela is also a member of the IIA`s Professional Certification
Board (2010 – 2011).
Slobodan Dimitrovski, CIA, CGAP, Chairman of IIA FYROM
Slobodan Dimitrovski currently is a president of The IIA FYROM and Internal Audit Manager at the Agency
for financial support for agriculture and rural development. Since 2005. was actively engaged in internal
audit, and has additional professional training in the field of internal auditing. Also, he participated in
training where he earned an additional title of consultant in the field of internal auditing, finance and
accounting. He speaks English, German and Bulgarian.
Onisiforos A. Onisiforou, BA, MBA, FCA, CIA, CCSA, CGAP, CFSA, Chairman IIA Cyprus
Onisiforos Onisiforou is a founder member of IIA Cyprus, and since 1998 he has played an active role in
the advancement of the profession of internal audit in Cyprus. In the past, he held the position of the
Vice-Chairman of the Board and the position of the Chairman of the Education Committee of IIA Cyprus.
Onisiforos participated in a large number of training seminars and conferences in Cyprus and abroad,
including at world leading management schools and universities. Mr. Onisiforos has 20 years of working
experience in external and internal audit. Onisiforos has 20 years of working experience in external and
internal audit. He worked for a number of years in the United Kingdom, where he qualified as a Chartered
Accountant, whilst working with one of the big four international accounting firms. He worked for
few years in the Ministry on Finance of the Republic of Cyprus. He also worked for a short time for the
European Commission in Brussels. Since 2000 he has been the Chief Audit Executive of a large Corporation
in Cyprus.
Norbert Wagner, IIA Austria
Norbert Wagner graduated from the University of Economics, Vienna, Austria. He joined the Austrian
Federal Railways in 1975 and served there for 10 years in the Finance Department, then for 6 years as
Deputy Head of the Controlling Department. He joined the Internal Audit Department in 1991 and became
Head of Internal Audit in January 1995. He served as CAE for 10 years. He became a member of
the Management Board of IIA Austria in January 1998 and has been President of IIA Austria from March
2000 till June 2009. He is a Member of the Global CSO (Chief Staff Officer) Group within the IIA and
Chairman of the European CSO Group.
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Midhat Arifovic, General Director of Tax Administration of the Federation of Bosnia and Herzegovina
“TAXES: Bosnia and Herzegovina vs. Western Europe & Region”
When it comes to tax matters in Bosnia and Herzegovina, its competence is divided between the State
and the Entities (Federation of Bosnia and Herzegovina, Republic of Srpska and the Brčko District, each
as a separate administrative unit). Tax Administrations on the Entity level exercise direct taxes, contri-
butions and other public revenues. Since 2008, tax reforms have gathered momentum with a view to
harmonizing tax systems between the entities, but also in relation to the tax systems in the EU coun-
tries and countries in the region. In this context, the presentation will examine some of the different
tax system models within the European Union and the region as a goal to compare these regions and
their regulations.
Prof. dr. Safet Kozarević, Faculty of Economy in Tuzla
“Risk Management of Investments of Insurance Companies Reservs in Bosnia and Herzegovina”
Financial-accumulating function is one of the three core functions of insurance. The reserves, which
they accumulate, insurers can use for different types of investments. In this way they not only
generate additional earnings, but also they stimulate economic development. However, during the
placement of reserves insurers are exposed to many risks depending on the types of reserves and
the forms in which they are directed. Therefore, special attention must be paid to the management
of these reserves according to regulatory limitations. This issue is very under researched on the
insurance market in Bosnia and Herzegovina, which has specific regulatory limitations.
Senka Presečan, Deputy Head of Internal Audit, Zagrebačka banka
“Planning of internal audit in banking industry”
Presentation will elaborate on factors that have influence on internal audit planning proces as
one of the most important activities of internal audit function. The emphasis will be on risk
assessment impact, types of risks in banking business, steps and prerequisites that affect the
planning process as well as the presentation of the audit plan to all relevant persons/bodies.
Ana Gospodinović, Board member and Executive Director in Assurance Services at Ernst & Young Croatia
"Investment in corporate governance, risk management and compliance (GRC)“
Corporate governance, risk management and compliance are grouped within most significant business risks, specially
compliance and regulations - top risk out of 10 business risks assessed by EY based on survey in 2010.
Financial crisis impacted increased demand for analysing those risks - after Enron case and Sarbennes-Oyxley Law from 2002
Based on telephone survey and replies received an improvement of GRC functions is needed due to inappropriate
development of those functions nowadays, increased demand determined by shareholders and achieving competitive
advantage. How to get value from GRC investment? Focus to key areas is needed - more will be presented at the
Conference.
9

Dr. Matthias Kopetzky, CPA, CFE, CIA
“Does the gender-mix in the workplace have a potential influence on corruption?”
In Oktober 2010 IIA-Austria started a research project based on a europe-wide online-survey. We
asked the community of the european Internal Auditors about their experiences regarding corruption
and the observed involvement of women and men in those cases. We also asked for professional
estimation if the percentage of women in a specific workgroup or organisation would have an
influential effect on the probability, that corruption schemes will evolve. Based on the results of the
study there could be developed interesting new insights and suprising preventive methodes against
corruption.
Daniela Danescu, CIA, CGAP, Senior Consultant of the Interim Audit Management in the Netherlands
"The Capability Maturity Model for Internal Audit (IA-CM)"
The Research Foundation of the Institute of Internal Auditors released a Capability Maturity Model for
Internal Audit Departments which includes a tool to enable a self assessment of the current maturity
level, and what next steps need to be taken to reach the next level.The presentation starts with an
introduction of the model, including an explanation of all the different levels. Based on this model/
template you will be able to assess the level of maturity of the internal audit function in your organization.
The next step is to determine what needs to be done to go to a higher level of maturity for the
internal audit function in their organizations. This IA-CM is tailored to the public sector, but most of it
is applicable to the private sector also.
Prof. dr. Zlatko Stefanović, Union University in Belgrade
"The financial statements and basic capital"
Prof. dr. Mersida Suceska, Faculty of Criminology, Criminology and Security Studies, Sarajevo
"The role of internal control in the prevention of economic crime "
Regulations on basic capital regularly provide capital preservation obligation. For this purpose
financial statements should show the real value of capital. Regulations on basic capital regularly
provide capital preservation obligation. For this purpose financial statements should show the
real value of capital. Shares or stock must have behind themselves a real, material value and not
fictitious one. This paper addresses the problem of expressing the exact value of the fixed capital
in a situation where a company has its own shares or stock in the financial statements. In addition,
the paper deals with the running value of the equity in the financial statements and the ability
to get an accurate picture of its value. The later is particularly interesting for small companies.
Given that finance capital requirement for developing economies, it is a financial crime most
perfidious form of appropriating other people's property. With this money is the easiest form of
appropriation and covering their tracks, and banks and financial institutions are the locations where
they are located notes and documentation for the perpetrators of financial crime.
Successful and effective struggle against the forms of economic crime is achieved not only repressive
but also primarily through preventive measures.
Prevention includes adequate involvement in preventing and combating economic crime, where it is
important that there is interest by the Management of the company internal control and audit to
prevent the exercise of criminal acts and other violations of law and to cooperate with the authorities
of the detection, prosecution and adjudication of the application of certain means of protection.
10

Višnja Komnenic, univ.spec. inf., dipl. ing. el.
"ICT Security Audit according ISO 27001 and 27002 "
In all modern companies that rely on information system in ther operations, there is a need for
for internal audit of IT system safety. The whole auditing process as well as IT security auditing
depends on the concept of internal controls in all parts of business. Top management must be
assured that the company IT systems operates in a controlled environment and that the adequate
controls are in place. Exactly of that the clear vision of the future of providing IT security audits
can be perceived, as well as the future development of IT audit profession.
Sonja Jovanovic, Ernst & Young d.o.o. Beograd
Natasa Vuksic, Ernst & Young d.o.o. Beograd
"Code of ethics, comunication in internal audit"
An effective Internal Audit function has to find the balance between risk, cost and value. Not
having that balance results in sub-optimization creates a value gap. Issues could lie in the areas
of enablement or competency, or both. From an enablement perspective, Internal Audit may
not be aligned with the business risks, may be using out-of-date technology or may not know
how to prioritize effectively. In terms of capabilities, the Internal Audit function may not have
the industry insight and functional insight it needs. It may have inflexible staffing models. Or it
may lack skills in specific areas, such as tax or IT. Both types of gaps can limit Internal Audit’s
ability to operate at higher levels. Identifying these challenges — and establishing solutions to
address them — will form the foundation of the business case for change.
Prof. dr. Vera Leko
dr. Danica Leko
"Contol of public finances"
Studies on issues of public finances’ controls on international level, and especially in Serbia, are
covered in this paper. By analyzing world trends in the sphere of public assets’ control, it can be
concluded that currently there is almost no county without some kind of state control over
public finances. In most of the countries, supervision over public assets is under direct or
indirect supervision of the Parliament. Parliament, as the highest Regulatory body approving the
level of public assets (incomes and expenses) is controlling annual financial reports as well as
the efficiency of national asset consumption. Studies of this subject on international level are
showing that each country within their own scope of controls is giving special contribution on
establishment of internal control system. In western developed countries, this internal
professional control mechanism over the public asset is done by the internal control. In order to
put in place this control, most of the parliaments abroad have brought laws on public assets’
audit, which is therefore becoming professional control function.
11

Zineta Redzepagic, dipl. pol.
"Human resource development in order to achieve the objectives of the institution"
Policy of development and human resources management is based on the need of
continuous creation, maintenance and applying individual expertise of employees, which
forms and improves collective product, and which will create new added values in successful
operations of the institution. From the aspect of HRM policies motivational system (for
management and employees) is very important for professional functioning of the institution
and its continued development. Therefore, it is necessary to monitor and develop human
potential and evaluate the performance of their work, because that score represents a tool
for management for motivating and supporting staff to enhance their knowledge and
achieve better performance at work.
Polona Pergar Guzaj, CIA, IIA Slovenia
Dr. Mirko Andric, professor at the Faculty of Economics Subotica
MSc Bojana Vuković, assistant at the Faculty of Economics Subotica
"The approach and process of internal audit of corporation"
Corporations gave a major contribution to the economic development in the last decades. The
same period was marked by intensive implementation of information and telecommunication
technologies, harmonization and transparency of business. In addition, the modern corporation
encouraged the development of internal audit. In order to the characteristics of internal audit
expressed through the "4E" have been durable, it is necessary to redefine the approach to
internal audit. Redefined approach primarily determines the flexible implementation of ethical
and professional standards while performing the audit process, with appropriate risk assessment
in the ITT environment.
“How Can Internal Audit Detect Fraud and How to Act When That Happens"
For professionals who take their responsibilities seriously, it is very hard to cover all the requirements of the
International Standards for the Professional Practice of Internal Auditing. Especially in field of fraud a lot of internal
auditors are not sure whether they cover all the requirements of due professional care and whether they are capable
assessing a risk of fraud in their audit universe.
In this session participants will:
� Learn how to conform with the International Standards for the Professional Practice of Internal Auditing on »fraud
field«?
� Get an overview of the red flags for fraud;
� Explore several mini-cases of fraud;
� Learn about a framework for preventing fraud,
� Get practical insight into the realities of internal audit work and interference with fraud cases;
� Learn to develop a specific roadmap for your business to effectively and efficiently manage fraud risk.
Augustin Misic, dipl. oec., director of Fircon d.o.o. Mostar
“Internal company documents—amendments or operationalization to legislation"
The aim of the topic is to higlight the importance of internal documents for company operations and its correlation with
existing legislation/
12

Hans Nieuwlands—IIA Holandija
“Sustainbility and Internal Audit"
Prof. dr. Jasna Bajraktarevic
"Resolving conflict in a business environment"
Prof. dr. Miroslav Dzidic
"EU Regulation"
Nikolce Spirovski, JP Vodovod Skopje
"Audit skills"
Ermin Nuhic, MERKUR BH INSURANCE d.d. Sarajevo—director
"Insurance as an engine for economic development"
Mr.sc. Amir Softic—Sparkasse banka BiH - Executive Director
„Development of early warning signals as a precondition for efficient management of quality loan portfolio"
Lydmil Spasov—IIA Bugarska
“IT Challenges in the field of the Internal Audit"
Mr.sc. Velid Efendic—Faculty of Economy Sarajevo
“The Efficiency of BH Banks before and after global financial crisis of 2008—DEA Analysis”
13

07:30—09:00— Registation
09:00— 09:10 — Opening the Conference
09:10 a.m. —11:30 a.m.
Moderator: Alma Delic, president of the IIA B&H
IIA BIH - MSc. Ankica Kolobaric
"The impact of the crisis on the financial sector”IIA IIA
Croatia - MSc. Stanko Tokic
"Strategic Planning of internal audit"
IIA Serbia - Mirjana Bogićevic, CIA
"Perspectives of internal audit in corporate
governance"
IIA The FYROM - Slobodan Dimitrovsk, CIA, CGAP
“Networking SE Europe"
IIA Slovenia— Polona Pregar Guzaj
“How Can Internal Audit Detect Fraud and How to Act when
that happens”
11:30—12:00 - Coffee break
12:00 a.m. —14:00 a.m.
IIA Turkey— Özlem Aykaç, CIA, CCSA
”Internal Audit relation with Management”
IIA Austria— Mag. Angela Witzany
“Internal Audit in Solvency II”
IIA Netherlands - Hans Nieuwlands
“Sustainability and Internal Audit”
IIA Cyprus - Onisiforos Onisiforou
“International Internal Audit Standards for the effective ”work” of internal auditors
02:30 p.m. - 03:30 p.m. - Lunch
05:00 p.m.— 08:00 p.m. - Tour visits Sarajevo
08:00 p.m.— 10:30 p.m. - Bosnian dinner
May 10, 2012—Plenary 2012 Plenary part
14

May 11, 2012.— Plenary part/ Work in sections
09:00 a.m. - 10:30 a.m. - Plenary Session
Moderator: Professor Gordana Vukelic
Midhat Arifovic—director of the Tax Administration of FBiH
"Tax systems in BiH in relation to the EU countries and the region"
11:00 a.m. - 02:00 a.m. - WORK IN SECTIONS (A, B, C, D)
Professor Ivana Mamic Sacer
"An audit of general controls"
Professor Jasna Bajraktarevic
"Resolving conflict in a business environment"
10:30 a.m.—11:00 a.m.— Coffee Break
Section A— Economy
Moderator: Professor Lajos Zager
1. Ana Gospodinovic, Board member
and Director of Audit Departmen—
Ernst & Young Zagreb
"Investing in corporate
governance, risk management and
compliace (GRC)"
2. Sonja Jovanovic and Natasa Vuksic,
Ernst & Young d.o.o. Beograd
"Code of Ethics,
Communications in internal
auditing"
3. Professor Mirko Andric
"The processes and
internal audit procedures"
4. Professor Miroslav Dzidic
"EU Regulation "
5. Professor Mersida Suceska
“The role of internal control in the
prevention of economic crime”
15

Section B— Public sector and nonprofit organizations
Moderator: Docent doctor Ibrahim Okanovic
1. IIA Austria - Dr. Matthias Kopetzky
“Does the gender-mix in the workplace have a potential influence on corruption?
2. IIA Netherlands - Danijela Danescu, CIA CGAP
"The Capability Maturity Model for Internal Audit (IA - CM)"
3. MSc. Bosko Ceko, The Audit of the public sector in the Republic of Srpska – Main Auditor
"The role and importance of Supreme Audit Institutions of the public sector in BiH in controlling the spending of public funds"
4. Danijela Stepić, Ministry of Finance-Republic of Croatia
"Challenges for internal audit in the public sector"
5. Nikolce Spirovski, JP Vodovod Skopje
“Audit skills”
6. Professor Vera Leko and Dr. Danica Leko
"The control of public finances"
Section C— Banks and other financial institutions
Moderator: Docent doctor Dragan Kulina
1. Ermin Nuhic, MERKUR BH INSURANCE—Director
"Insurance as an engine for economic development"
2. Professor Safet Kozarevic
"Managing credit risk reserves of insurance companies in Bosnia and Herzegovina "
3. Professor Fikret Hadzic i MSc. Melisa Prolaz
4. Senka Presecan
"The role of regulatory bodies in the global financial crisis-a new regulatory challenges and recommendations"
"Planning of internal audit in banking "
5. Amir Softic, Sparkasse bank dd B&H—Executive Director
„Development of early warning signals as a precondition for efficient management of quality loan portfolio "
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Section D — IT
Moderator: Prof. dr. Ivana Mamic—Sacer
1. Višnja Komnenic, univ.spec. inf., dipl. ing. el.
"Internal audit of IT security in accordance with ISO 27001 and 27 002
2. Lydmil Spasov— IIA Bulgaria
" IT Challenges in the field of the Internal Audit"
3. PricewaterhouseCoopers
“PwC State of Professional Study and IT audit”
02:30 p.m. — 03:30 p.m. — Lunch
05:00 p.m. — 06:30 p.m. — Organization of tour and a tour of the city
07:00 p.m. — 12:00 p.m. - Gala dinner with a program / Academy of Music, Recital, folklore /
09:00 a.m. —12:00 a.m.
Moderator: MSc. Ankica Kolobaric
Norbert Wagner— IIA Austria/ ECIIA
Zineta Redzepagic
"Human resource development in order to achieve the objectives of the institution"
Professor Zlatko Stefanović
MSc. Velid Efendic
"Financial Statements and capital"
"The efficiency of BH banks before and after the global financial crisis of 2008 - of DEA analysis"
12:00 a.m. —02:00 a.m. — Meeting the leaders of the Institute of Central and Southeastern Europe
___________________________________________________________________________________________________________
*The organizer keeps the right to change program.
** Simultaneous interpretation is provided.
May 12, 2012 — Plenary part/Conclusions
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Mjesto održavanja:
HOTEL SARAJEVO, Sarajevo
Ul. Džemala Bijedića 169 A
Tel: 00387 33 777 900
Applications and fees:
Fee: 290,00 EUR
UDRUŽENJE INTERNIH REVIZORA U BiH,
POZNATOG KAO IIA U BiH, KOD IIA GLOBAL
Tel: 00387 33 251 700
338320226638176 - UniCredit banka dd
3383204892723562 - UniCredit banka dd.,
Party: 25013304101,
IBAN: BA 393383204892723562
Other info
Accomodation reservation:
Pro Optimus tours /Sarajevo Card
00 387 61 264 479
www.sarajevocard.ba
emir.k@sarajevocard.ba
00 387 61 264 479
00 387 216 293
00 387 216 293Pro Optimus tours /
Sarajevo Card
www.sarajevocard.ba
emir.k@sarajevocard.ba
Venue:
HOTEL SARAJEVO, Sarajevo
Street: Dzemala Bijedica 169 A
Phone: 00387 33 777 900
18

Jednom dođoh da upoznam Sarajevo grad.
Tada bejah momak nezenjen i mlad.
Mislio sam da ostanem samo dan il' dva.
Al' mi prodje u Sarajevu mladost moja sva.
Ko se jednom napije, vode sa Bascarsije,
Nikad vise iz Sarajeva taj otici ne umije.
Zedz ljubav i srecu nadje u seheru tom.
Zaljubih se zaigra mi srce snagom svom.
Sarajka mi ponudila izvor vode skut.
Zaboravih gdje sam poso', kud me vodi put..
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Institute of Internal Auditors in B&H,
recognized as IIA Bosnia and Herzegovina
with IIA Global
Dolina 2, Marijin Dvor
71000 Sarajevo
Bosnia i Herzegovina
Phone: + 387 33 251 700
Fax: + 387 33 251 701
Email: info@interni-revizori.info
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