IIA-Australia Factsheet - Internal Audit Core Principles

IIA-Australia Factsheet - Internal Audit Core Principles

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Author

IIA-Australia

Date

2023

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

The Core Principles, taken as a whole, articulate internal audit effectiveness. By designing and implementing the Standards in a way which focuses on the outcomes of conformance rather than solely on the outputs, internal audit functions are able to demonstrate the Core Principles

Key Points

  • Internal audit functions should be insightful, proactive, and future-focused, and should actively promote organisational improvement.
  • Demonstrating these principles is not about creating documents or processes; it is also about understanding and meeting stakeholder expectations.

Relevant Industries

All

Level of Assumed Knowledge

Beginner