IIA-Australia Factsheet - Coordination and Reliance

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Author	IIA-Australia
Date	2022
Topics Explored	Internal Audit
Format	Factsheet
Extract/Description	Control Self-assessment is a structured process where management and the work team collaboratively assess the effectiveness of controls, the level of residual risk, and achievability of business objectives. Typically involves facilitated workshops and surveys.
Key Points	Internal audit will generally meet with other assurance providers from time-to-time, and especially when the internal audit plan is being developed each year.
Relevant Industries	All
Level of Assumed Knowledge	Intermediate