IIA-Australia Factsheet - Coordination and Reliance 

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

  1. 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