IIA-Australia Factsheet - Chief Audit Executive – In-house or Outsourced?

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

This Factsheet discusses the advantages and disadvantages of the chief audit executive (CAE) being either in-house or outsourced to a service provider.

Key Points

    1. The Global Internal Audit Standards outline the role and responsibilities of the CAE. These must be met whether the CAE is in-house or outsourced to a service provider.
    2. There are various advantages and disadvantages of each option, but ultimately CAE role is crucial to internal audit success. The selection of who will be the CAE needs to be carefully thought through to benefit the organisation.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes