Who are internal auditors?
As defined by the Institute of Internal Auditors (IIA), “internal auditors are “business generalists” who specialize in efficiency and effectiveness for the good of the organization. Their roles include monitoring, assessing, and analyzing organizational risk and controls; and reviewing and confirming information and compliance with policies, procedures, and laws. Working in partnership with management, internal auditors provide the board, the audit committee, and executive management assurance that risks are held at bay and that the organization’s corporate governance is strong and effective. And, when there are opportunities for improvement anywhere within the organization, internal auditors make recommendations for enhancing processes, policies, and procedures.
Related Questions
- Is FSCU available to answer questions relative to CALSTARS reports when auditors have sensitive questions they do not want to discuss with internal accounting staff?
- What training do internal auditors have to have completed and what does ‘independent from audited department’ mean in clause 3.5.2?
- Aren’t the internal auditors responsible for internal controls?
