The IIA’s “Internal Audit Assessment Tool for Audit Committees” provides a plethora of sample questions for audit committees/boards to consider in conjunction with a evaluation of the effectiveness of the company’s Internal Audit function spanning the areas of quality of services and sufficiency of resources; level of communication and interaction with IA; and IA’s independence, objectivity, and skepticism.
Access additional resources on our Internal Audit page.
This post first appeared in the weekly Society Alert!