Factsheet - Audit Committee In Camera Meetings

Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Audit Committee

Format

Factsheet

Extract/Description

An in-camera meeting can be defined as: A meeting of decision-makers such as a board of directors or audit committee where sensitive information is discussed without non-members such as management present. It is incumbent on audit committees to satisfy themselves that their organisation has robust and accountable governance and assurance in place that is operating effectively. In-camera meetings can be a valuable tool to assist audit committees achieve this aim.

Key Points

1. An audit committee has a range of responsibilities and should schedule in-camera meetings with key persons related to the organisation.

2. A schedule of key in-camera meetings should be completed throughout the year which covers key persons/stakeholders/teams from all 3 Lines.

3. There are a range of potential questions to be asked at in-camera meetings and best practices to be followed.

Relevant Industries

All

Level of Assumed Knowledge

Expert

Aligned to Global Internal Audit Standards

Yes