The board is expected to understand and take responsibility for ensuring the audit function is being properly and fully utilised. This is likely to be the role of the BAC (board audit committee), which will assess the adequacy, qualifications and abilities of internal audit staff. This guide provides insights on how the BAC can make this assessment.
The annual internal audit plan should be aligned to the key risks and priorities of the organisation. This guide provides a template to develop and communicate the annual internal audit program and may assist management and the BAC to allocate audit resources to ensure appropriate coverage of key risk areas.
Internal audit can only be effective if findings and recommendations are acted on. This simple template can be used to document audit scope, record findings and plan corrective actions. This template can also be used for management exit interviews at the completion of audit assignments.
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http://www.cpaaustralia.com.au/cps/rde/xchg/cpa/hs.xsl/989_24225_ENA_HTML.htm
