IIA-Australia Factsheet - Internal Audit Consulting

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Author	IIA-Australia
Date	2022
Topics Explored	Internal Audit
Format	Factsheet
Extract/Description	The scope of internal audit work embraces the wider concept of corporate governance and risk, recognising that controls exist in organisations to manage risks and promote effective and efficient governance and performance. Internal audit can offer consulting services – advisory and related services as agreed with individual clients.
Key Points	If your internal audit function offers consulting (advisory) services, consider the following Build time into your internal audit plan Make management aware of the service Respond promptly Don’t do what management should do themselves Celebrate success
Relevant Industries	All
Level of Assumed Knowledge	Intermediate