Governance: Standard 1000 Purpose, Authority and Responsibility – Please describe the for the internal audit activity and the internal audit CAE’s vision and strategies. (1000) core values, client service objectives, Describe how the CAE ensures that internal audit activity management and staff these attributes. (1000) Please comment on how the internal audit activity develops effective working with internal audit stakeholder groups and understands their expectations and for value-added internal audit services. (1000) Please comment on how the internal audit activity is viewed within the organization. Are they viewed as a necessity or as a valued business partner? Do key stakeholders the purpose, authority, and responsibilities of the internal audit activity? (1000) Is the internal audit charter consistent with the Mission of Internal Audit and the elements of the IPPF (i.e., Core Principles for the Professional Practice of Internal Auditing, Definition of Internal Auditing, Code of Ethics, and the Standards), and does it specifically describe their mandatory nature? (1010) How does the internal audit charter differentiate between performing assurance and services? (1000) Does the internal audit charter specifically describe the nature of the functional reporting relationship with the board, and is this description consistent with the current practice? (1000) How frequently is the internal audit charter reviewed by the CAE and presented to senior management and the board for approval? (1000)
Governance: Standard 1000 – Purpose, Authority and Responsibility Please describe the CAE’s vision for the internal audit activity and the internal audit core values, client service objectives, and strategies. (1000) Describe how the CAE ensures that internal audit activity management and staff these attributes. (1000) Please comment on how the internal audit activity develops effective working with internal audit stakeholder groups and understands their expectations and for value-added internal audit services. (1000) Please comment on how the internal audit activity is viewed within the organization. Are they viewed as a necessity or as a valued business partner? Do key stakeholders the purpose, authority, and responsibilities of the internal audit activity? (1000) Is the internal audit charter consistent with the Mission of Internal Audit and the elements of the IPPF (i.e., Core Principles for the Professional Practice of Internal Auditing, Definition of Internal Auditing, Code of Ethics, and the Standards), and does it specifically describe their mandatory nature? (1010) How does the internal audit charter differentiate between performing assurance and services? (1000) Does the internal audit charter specifically describe the nature of the functional reporting relationship with the board, and is this description consistent with the current practice? (1000) How frequently is the internal audit charter reviewed by the CAE and presented to senior management and the board for approval? (1000)