White Paper - Internal Audit Planning

Whitepaper

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Author

Andrew Cox

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

Michael Parkinson

BSc(Hons), GradDipComp, PFIIA, CIA, CISA, CRMA, CRISC

Date

2024

Topics Explored

Internal Audit, Internal Audit Management

Format

White Paper

Extract/Description

This White Paper has been written to outline the history of internal audit planning, and to describe approaches to internal audit planning to provide best value to organisations.

Key Points

1. Internal auditors play a key role in enhancing and protecting organisational value and helping organisations accomplish their objectives. They achieve this through well-founded planning, which is generally developed through the core pillars of consultation, analysis and research.

2. Internal audit is a non-core business expense that needs to ensure its budget is spent wisely for the greatest value and impact – effective internal audit planning will assist this objective.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes