A strong internal audit function plays a critical role in governance, risk management, and internal control oversight. This downloadable checklist is designed to help audit committees and board members assess whether the internal audit function is operating effectively, independently, and in alignment with leading practices.
The questions focus on core areas of internal audit oversight, including governance and reporting structure, conformance with Institute of Internal Auditors (IIA) Standards, resourcing and competencies, risk‑based planning, coordination with the independent auditor, and the