What Directors Should Ask About Internal Audit Service Providers

20 Critical Questions

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Author

IIA-Australia

Date

2024

Topics Explored

Governance, Internal Audit Management

Format

20 Critical Questions

Synopsis

What evidence does the audit committee and management receive that shows an internal audit service provider is doing a good job, providing a cost-effective service, and delivering valued outcomes? In the event of any complaints about service providers and what they deliver, does the audit committee challenge the chief audit executive on how the arrangements and performance feedback processes are being managed?

Relevant Industries

All

Level of Assumed Knowledge

Expert

Aligned to Global Internal Audit Standards

Yes