Author

IIA-Australia

Date

Topics Explored

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Extract/Description

Establishing an internal audit function is an important step for an organisation and a challenge for the chief audit executive. The ten steps outlined provide a roadmap for a new chief
audit executive to follow.

Key Points

1. An internal audit function is defined as a professional individual or group responsible for providing an organisation with assurance and advisory services.
2. The Standards (Global Internal Audit Standards) provide a structured approach to setting up the function and the IIA has significant supporting resources.
3. This approach can also be useful for chief audit executives to revisit the structure of their function.

Relevant Industries

Level of Assumed Knowledge