IIA-Australia Factsheet - Internal Audit versus Risk Management

IIA-Australia Factsheet - Internal Audit versus Risk Management

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Author

IIA-Australia

Date

2022

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

This factsheet compares and contrasts the activities of internal audit and of risk management.

Key Points

    1. There are similarities between the role of internal audit and the role of the risk management function. In a healthy organisation risk management collaborates with internal audit and internal audit provides assurance over the activity of the risk management function.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate