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Program:
Internal Audit Governance
2. Assess the efficiency and effectiveness of the internal audit activity and identify
opportunities and offer ideas to the chief audit executive (CAE)/internal audit
staff for improving their performance and increasing their ability to add value
(full external assessment).
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Quality Assessment Manual for the Internal Audit Activity
Initial/
Planning and Preparation Date
1. Review information included in the planning guide for this program segment.
3. Review survey results for questions denoted for this program segment.
4. Confirm that the list of planned interviews will adequately support the completion of this
program segment. Consider possible additional interview questions to support this program
segment.
5. Identify opportunities to review with the CAE/internal audit staff for improving their
performance and increasing their ability to add value based on your review of planning
documentation. These items will comprise the focus of work completed in step III.
Planning/Preparation Results:
II – OBJECTIVE #1:
CONFORMANCE WITH THE STANDARDS
(Complete for Full External Assessment, Self-assessment with Independent
Validation, and Periodic Self-assessment)
Determine the internal audit activity’s level of conformance with the spirit and intent
of Standards 1000, 1100, and 1300, Code of Ethics, and the Definition of Internal
Auditing (full external assessment and self-assessment with independent validation).
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Appendix D1: Program: Internal Audit Governance
d. Alignment of the internal audit activity’s strategy (vision and mission) to that of
the organization.
i. Legislation and regulations to which the internal audit activity must adhere.
j. Compare the internal audit activity charter and the audit committee charter to
determine if the responsibilities, reporting lines, etc., as stated in the charter of
the board, correspond with that which is reflected in the internal audit charter.
2. Review the survey and interview results for this program segment. Determine if the
results will have any impact on your results and conclusion.
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Quality Assessment Manual for the Internal Audit Activity
1. Identify the position of the internal audit activity within the organization by
reviewing the organization chart or organigram (1110).
2. Determine if the reporting lines, as stated in the internal audit activity charter, allow
the internal audit activity to carry out its responsibilities in an unbiased manner
(1100).
3. Review the internal audit activity’s policies and procedures regarding reporting of
conflict of interest and review conflict of interest declarations (1120 and 1130).
4. Review the audit committee charter and determine if the charter states the
functional responsibility of the board to the internal audit activity, especially relating
to: (1110)
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Appendix D1: Program: Internal Audit Governance
d. Approving decisions regarding the appointment, removal, and salary of the CAE.
6. Review the performance evaluation of the CAE and determine the board
participation and the key performance indicators used for the performance
evaluation as indicated by the internal audit activity’s performance measures
(1110).
7. Review the survey and interview results for this program segment. Determine if the
results will have any impact on your results and conclusion. If additional evidence
is needed, consider performing the following steps:
a. Collect the Code of Ethics from internal audit staff and determine if it is signed
by them as read and understood (Code of Ethics).
c. Check with the quality assessment team member assigned to the Internal Audit
Process program segment and determine whether any significant objectivity
issues were noted.
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Quality Assessment Manual for the Internal Audit Activity
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Appendix D1: Program: Internal Audit Governance
1. Obtain the policy for the QAIP and determine if it consistent with the Standards
(1300). Where applicable, also review the most recent external assessment report.
2. Obtain the most recent self-assessment report and review the report to determine
if conformance with the definition of Internal Auditing, the Code of Ethics, and the
Standards were evaluated and if there were any opportunities to improve the
internal audit activity’s efficiency and effectiveness (1311). If additional evidence is
needed, consider performing the following steps:
a. Review the supporting records for QAIP (ongoing monitoring activities and
periodic self-assessments) and any customer service standards.
3. Obtain the board committee agendas and minutes of meetings for the past year
and determine if the results of the QAIP appeared on any of the agendas (1320).
a. Determine if the results of the QAIP (ongoing monitoring and periodic internal
assessment) is reported at least annually by reviewing the internal audit board
packs for measurement criteria communicated to the board by the CAE (1311).
b. Obtain a QAIP report that was tabled (as per the agenda) at a board meeting
and determine if the results of the self-assessment report include the reviewer’s
or review team’s assessment with respect to the degree of conformance.
4. Review internal audit reports that were issued and determine if the statement
“Conforms with the International Standards for the Professional Practice of Internal
Auditing” is stated on the reports or any other correspondence of the internal audit
activity (1321).
a. Determine if results of the QAIP (both the internal and external assessments)
support this statement by reviewing the quality assessment communications and
reports.
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Quality Assessment Manual for the Internal Audit Activity
5. Review the survey and interview results for this program segment. Determine if the
results will have any impact on your results and conclusion.
6. Check with the quality assessment team members assigned to the other program
segments and determine whether any QAIP issues were noted.
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Appendix D1: Program: Internal Audit Governance
Assess the efficiency and effectiveness of the internal audit activity and identify
opportunities and offer ideas to the CAE/IA staff for improving their performance and
increasing their ability to add value (Full External Assessment). Note: These items
were identified during completion of planning activities.
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Quality Assessment Manual for the Internal Audit Activity
Initial/
III – Opportunities for Improvement Date WP Ref.
1. Obtain and review any benchmarking information, such as the Global Audit
Information Network (GAIN), related to internal audit governance (e.g., CAE
reporting relationships, audit committee charters, and responsibilities). Identify any
potential opportunities for improvement.
2. Evaluate the internal audit activity’s awareness and use of IPPF resources (e.g.,
Practice Advisories, Practice Guides, and Position Papers) related to internal audit
staffing. Determine if the use of the IPPF and other resources have been used to
improve the quality of their internal audit activity. Identify any potential
opportunities for improvement.
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