IIA-Australia White Paper - Control Self-Assessment In Action

IIA-Australia White Paper - Control Self-Assessment In Action

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Yulia Wood BSc, CPA(US), CA, PMIIA

Carol Richardson-Dale BCom, PFIIA



Topics Explored

Internal Audit


White Paper


A control self-assessment approach promotes collaboration and builds relationships with senior executives to build a culture where risk and control is understood and appreciated. It can expand assurance coverage in a cost-effective way and reduce the need for extensive internal audit testing. It is a way of stretching the internal audit budget further.

Key Points

  1. Control self-assessment is a technique that internal auditors can use as an alternative internal audit service method.
  2. Control self-assessment is a structured process where management and the work team collaboratively to assess the effectiveness of controls, the level of residual risk, and achievability of business objectives. It typically involves facilitated workshops and surveys.

Relevant Industries


Level of Assumed Knowledge