e-book2013

NEWSLETTER 2013

The Regulation Amending the Regulation on the Working

Procedure and Principles of Internal Auditors

Att. Naciye Yilmaz

The Regulation on the Working Procedure and Principles of Internal

Auditors (“Regulation”) which entered into force by being published in the

Official Gazette dated 12.07.2006 and numbered 26226 was amended by

the Regulation Amending the Regulation on the Working Procedure and

Principles of Internal Auditors (“Amendment Regulation”) published in

the Official Gazette dated 07.02.2013 and numbered 28552. The important

amendments brought by this Regulation are the subject of this article.

Purpose and Scope

The purpose of the Regulation is stipulated as the determination of

the working procedure, principles, qualifications and other related issues

regarding internal auditors to be assigned to public authorities. The

Internal auditors, the internal audit activities of local authorities and the

authorities mentioned on lists (I), (II) and (III) annexed to Law No. 5018

on Public Financial Management and Control, the Banking Regulation

and Supervision Agency and the Savings Deposit Insurance Fund fell

within the scope of the Regulation. However, the Amendment Regulation

excluded the Banking Regulation and Supervision Agency and the

Savings Deposit Insurance Fund from its scope.

Internal Audit Activity

Pursuant to Article 5 of the Regulation, an internal audit activity aims

“to organize and manage the activities of public authorities pursuant to its

purpose and policies, development and strategic plans and performance

programs; to ensure that resources are used efficiently and economically;

and to ensure data security, integrity and to provide this data in due time”.

The scope of an internal audit activity is regulated under Article 6 of

the Regulation. According to this article, the activities of public authorities

Article of February 2013