IIA-Australia White Paper - Internal Audit Independence Arrangements

WP - Internal Audit Independence Arrangements

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Andrew Cox MBA, MEC, GradDipSc, GradCertPA, DipBusAdmin, DipPubAdmin, AssDipAcctg, CertSQM, PFIIA, CIA, CISA, CFE, CGAP, CSQA, MACS Snr, MRMIA



Topics Explored

Internal Audit


White Paper


The independence of Internal Audit is of interest to regulators, external scrutineers, and governments. Internal Audit is a part of the organisation, but must be independent of management if it is to perform its role effectively. This paper describes the arrangements that promote independence in in internal audit.

Key Points

  1. Internal Audit is one assurance mechanism in a suite of assurance activities.
  2. The reporting arrangements of the chief audit executive are important.
  3. Arrangements cover both administrative and functional reporting.
  4. The role of the audit committee is important.

Relevant Industries


Level of Assumed Knowledge