IIA-Australia White Paper - Managing Internal Audit Function Risks

Download White Paper

Authors

Farah George Araj PFIIA, CIA, CRMA, QIAL, CPA, CFE

Umair Danka CIA, CRMA, CA, FCCA, CPA, CISA

Date

 2024

Topics Explored

Internal Audit

Format

White Paper

Extract/Description

This White Paper explains how the Internal Audit function can better manage its own risks.

Key Points

  1. Like any part of the business, the Internal Audit function faces risks to achieving its objectives. It is important to actively identify, assess and respond to these risks in a practical, sustainable way which engages and involves the whole internal audit team.
  2. As required by the Global Internal Audit Standards, internal auditors evaluate whether the organisation and key business functions have robust risk management practices in place. The Internal Audit functions should apply that same evaluation mindset to its own risks
  3.  

Relevant Industries

All

Level of Assumed Knowledge

Intermediate