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7 Cards in this Set
- Front
- Back
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What must be defined in the Internal Audit Charter? |
purpose, authority, responsibility of IA activity
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What does the charter do?
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1) establishes IA's role within the organisation
2) establishes CAE's reporting relationship to the board 3) authorizes access to records, personnel, physical properties 4) defines scope of IA activity |
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How must the charter be?
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consistent with IPPF's
1) definition of IA 2) Code of Ethics 3) the Standards |
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What's the approval process of the charter?
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1) adequacy review by CAE
2) approval by the board |
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Where must assurances provided to external parties be defined?
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in the charter
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To whom are IA not required to report deficiencies in regulatory compliance?
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to the appropriate agencies
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What can the board use the IA charter for? |
as a basis for evaluating the IA activity
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