Malaj: Committed to building a quality and reliable internal audit system
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The Minister of Finance, Petrit Malaj, participated in the conference “Strengthening Internal Audit”, which was organized by the Institute of Internal Auditors (IIA Albania), a member of the Global Institute of Internal Auditors (IIA Global). Also present at this event were the Governor of the Bank of Albania, Gent Sejko, and Anthony Pugliese, President and CEO of IIA Global.
During his speech, Malaj stated that internal audit constitutes one of the main pillars of good governance, transparency and financial integrity, while for the Ministry of Finance it is an important priority of public financial management reform, also within the framework of the European integration process.
In this context, Malaj emphasized that concrete steps have been taken to transform the role of the internal auditor and bring it closer to the most advanced international standards.
Among the most important steps, the Minister mentioned:
drafting a new internal audit manual, which serves as a basis for establishing a contemporary model for accountable and professional control in public administration;
opening the professional certification process for internal auditors, with modules supported by OECD/SIGMA, as a long-term investment in human capital, for building professional capacities, as well as for creating a sustainable national certification system, based on international best practices;
as well as the translation and institutional adoption of the Global Internal Auditing Standards, a process that was carried out through cooperation between the Ministry of Finance and IIA Albania.
These steps, said the Minister, constitute clear evidence that Albania is building an audit system based on quality, integrity and reliability.
On the other hand, Malaj underlined the fact that the Ministry of Finance has done a very good job in terms of harmonizing our legal framework with that of the European Union.
"We lead several chapters and among them, Chapter 32 - Financial Control - remains one of the most important in terms of consolidating the rule of law and strengthening public institutions. Meeting the standards of this Chapter requires more effective internal control systems and independent and professional auditing. This is not simply a technical requirement of the integration process, but a necessity to build citizens' trust in institutions and to guarantee better management of public finances", said Malaj.
A modern administration, the Minister continued, is not measured only by the policies it drafts, but also by the ability to monitor, control and continuously improve the way these policies are implemented.
At the end of his speech, Malaj emphasized that the Ministry of Finance remains committed to building an internal audit that enjoys professional authority, functional independence and an active role in strengthening public governance.
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