GIA FY2020 Quarter 3 Activity Report - Group Internal Audit (GIA) Vice Presidency - Engagement Results

Jul 19, 2026

GIA FY2020 Quarter 3 Activity Report summarizes four audit engagements completed under the Group Internal Audit (GIA) Vice Presidency as of March 31, 2020. The report covers audits of the World Bank Group’s Global Payments process, mobile technology and security management, procurement risk management in Investment Project Financing (IPF) projects, and MIGA’s Environmental and Social (E&S) risk management. For each area, it details audit objectives, assessment of governance and control design and operating effectiveness, and key conclusions including control design and benefit review gaps.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages5

Reading Time13 min

AccessFree to download

Contents

Completed Engagements in FY2020 Quarter 3

FY2020 Quarter 3 Engagements Summarized

The World Bank Group (WBG)

International Bank for Reconstruction and Development (IBRD) / International Development Association (IDA)

Multilateral Investment Guarantee Agency (MIGA)

Public Disclosure Authorized Public Disclosure Authorized GIA FY2020 Quarter 3 Activity Report Group Internal Audit (GIA) Vice Presidency March 31, 2020 Contents 1. Completed Engagements in FY2020 Quarter 3 ........................................................... 3 2. FY2020 Quarter 3 Engagements Summarized ............................................................ 4 2.1 The World Bank Group (WBG) .................................................................................... 4 2.2 International Bank for Reconstruction and Development (IBRD) / International Development Association (IDA) ................................................................................... 5 2.3 Multilateral Investment Guarantee Agency (MIGA) ...................................................... 5 About GIA The GIA Vice Presidency provides independent and objective assurance to Senior Management and the Board of the World Bank Group (WBG) on the effectiveness and efficiency of governance, risk management and controls of the WBG’s operations. In addition, GIA monitors the implementation of management’s corrective actions, and also advises management in developing control solutions. GIA’s work is carried out in accordance with the Institute of Internal Auditors (IIA) International Professional Practices Framework. GIA’s Quarterly Activity Report summarizes GIA’s engagement results for the quarter. [www.worldbank.org/internalaudit](www.worldbank.org/internalaudit) 1. Completed Engagements in FY2020 Quarter 3 GIA completed four audit engagements. The objectives and results of these engagements are summarizedon pp. 4 to 5. | Report | Item No. | Engagement Name | Engagement Type | Refer to Page | | --- | --- | --- | --- | --- | | WBG | | | | | | FY20-1-1-2100492 | 1 | WBG’s Global Payments Process | Audit | 4 | | FY20-1-1-2100481 | 2 | WBG’s Mobile Technology and Security Management | Audit | 4 | | IBRD/IDA | | | | | | FY20-2-1-2097866 | 3 | Bank’s Management of Procurement Risk in Investment Project Financing (IPF) Projects | Audit | 5 | | MIGA | | | | | | FY20-4-1-2100504 | 4 | MIGA’s Environmental and Social (E&S) Risk Management | Audit | 5 | 2. FY2020 Quarter 3 Engagements Summarized 2.1 The World Bank Group (WBG) | 1. Audit of the WBG’s Global Payments Process | | --- | | The objective of the audit was to assess the governance, design adequacy and operating effectiveness of the Global Payments process. Specifically, the audit reviewed whether: (i) adequate governance arrangements are in place to manage the Global Payments Program (GPP) (including the roll-out of the second phase of the program) and risk management processes exist to identify, assess, and respond to emerging risks; (ii) management has designed and implemented adequate business processes, IT systems and related controls to support the GPP, including the identification and management of fraud risks; and (iii) post-implementation reviews are performed to assess whether the GPP achieved its intended objectives, and issues identified from such reviews are addressed.
The audit concluded that management has designed and implemented adequate business processes, IT systems and related controls to support the GPP. However, the audit identified two issues concerning the design of controls in the program risk management framework and a review of the implementation benefits from the GPP. | | 2. Audit of WBG’s Mobile Technology and Security Management | | The objective of the audit was to assess the design adequacy and operating effectiveness of processes and controls relating to the management of WBG-provisioned and personal mobile devices, and the supporting technologies deployed in the WBG. Specifically, the audit aimed to provide reasonable assurance that: (i) mobile computing policies, procedures and standards are defined and implemented, and risks associated with mobile computing are evaluated and managed, to protect the Ban

FAQs

What is the purpose of the GIA Vice Presidency’s quarterly activity reporting?

The report summarizes GIA engagement results for the quarter and supports independent, objective assurance to senior management and the Board on governance, risk management, and controls.

Which audits were completed in FY2020 Quarter 3?

Four audits were completed: Global Payments process (WBG), Mobile Technology and Security Management (WBG), Management of Procurement Risk in IPF projects (IBRD/IDA), and Environmental and Social (E&S) Risk Management (MIGA).

What types of conclusions does the report provide for each engagement?

Each engagement is assessed against governance and control design adequacy and operating effectiveness, with conclusions that include both effective control areas and identified issues or gaps.

Jul 19, 2026

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