Internal Audit Policy

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Screenshot of the first page of Internal Audit Policy

This policy focuses on the establishment of an internal audit department and its purpose, responsibilities and reporting structure within the organization.

This sample defines internal auditing as an independent appraisal activity established within an organization for the review of operations as a service to management. It is a managerial control which functions by examining and evaluating the effectiveness of other controls. The objective of internal auditing is to assist members of management in the effective discharge of their responsibilities by furnishing them with analyses, appraisals, recommendations and pertinent comments concerning the activities reviewed.

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