Activities of the internal audit function

Activities of the internal audit function

1. Scope of internal audit

   • Output= CADE3
   • Close working relationship
   • Assurance of control environment

2. RM and Internal audit

   • Different reporting lines
   • three lines of defence
   • GRC approach
   • Audit programme
   • Advantages
   • Disadvantages

3. RM outputs

   • Achieving objectives
   • CADE3
   • Strategic decisions

4. Role of internal audit

   • Three lines of defence
   • ERM intiative
   • audit priorities
   • Evaluation of critical controls
   • Modification of controls

5. Management responsibilties

   • Three lines of defence
   • risk context
   • implementation of risk and controls