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Audit Charter Example Form

Audit Charter Example Form

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Welcome to Becoming Boss C! In our first lecture for Part 1 – Essentials of Internal Auditing, we discussed the mission of internal audit, the definition of internal audit, the core principles and the code of ethics. Today we will discuss the internal audit charter. If you work as an internal auditor, you have probably received a copy of your organization’s internal audit charter. The part one syllabus requires a basic understanding of internal audit charter requirements. So what is the internal audit charter? The internal audit charter is an internal company document that describes the purpose, authority and responsibility of the internal audit function. Think of it as the internal audit function’s constitution or bylaws by which the internal audit department must follow. An internal audit charter should consist of the following: - The objectives and scope of the internal audit function o For example, the objective of the internal audit function could be to add value to and impr

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