IIA-Australia Factsheet - Internal Audit Evolution

IIA-Australia Factsheet - Evolution of Internal Audit

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Author

IIA-Australia

Date

 2022

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

Internal audit has evolved over time, moving from a largely one-dimensional approach to the service it delivers, to an approach offering more dynamic and flexible service offerings and approaches for the audit committee and management.

Key Points

  1. The real growth of the profession occurred in the 19th and 20th centuries with the expansion of corporate business.
  2. The factsheet outlines the changes of approach and emphasis since the mid 1900s.

Relevant Industries

All

Level of Assumed Knowledge

Beginner