IIA-Australia Factsheet - Chief Audit Executive Job Status

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Author

IIA-Australia

Date

2023

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

This Factsheet discusses where the chief audit executive (CAE) should sit in the management hierarchy structure and what standing they should have.

Key Points

    1. Organisations that take internal audit seriously will ensure the CAE is appropriately classified and therefore in a position with appropriate status and standing to access and authority to challenge 2nd level executive management.
    2. This will ensure the CAE and internal audit function does not report through a layered hierarchical organisation management structure that can lead to the very real risk of internal audit loss of independence.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate