Factsheet - Internal Audit and Pandemics

Factsheet

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Author

IIA-Australia

Date

2023

Topics Explored

Internal Audit, Governance, Organisation Resilience

Format

Factsheet

Extract/Description

Internal audit can play a vital role in helping their organisation address pandemic risk.

Key Points

In preparation for any disruptive event:

1. Audit the organisation’s business continuity, crisis management and pandemic preparedness.
2. Audit the organisation’s cash management practices to assure there is a cash reserves policy and minimum cash holding limit in place to see the organisation through an unexpected crisis.

When a crises arises:

1. Provide immediate internal audit services to the mitigation, and then later to the return to business-as-usual effort.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

No