IIA-Australia Factsheet - Internal Audit Core Principles

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Author	IIA-Australia
Date	2023
Topics Explored	Internal Audit
Format	Factsheet
Extract/Description	The Core Principles, taken as a whole, articulate internal audit effectiveness. By designing and implementing the Standards in a way which focuses on the outcomes of conformance rather than solely on the outputs, internal audit functions are able to demonstrate the Core Principles
Key Points	Internal audit functions should be insightful, proactive, and future-focused, and should actively promote organisational improvement. Demonstrating these principles is not about creating documents or processes; it is also about understanding and meeting stakeholder expectations.
Relevant Industries	All
Level of Assumed Knowledge	Beginner