professional standards

Internal audit

The mission of internal audit is to increase and preserve the value of the organization by objectively providing assurance, advice and views based on a risk-based approach.

Internal audit is an independent and objective activity which gives an organization an assurance on the degree of control of its operations, provides advice to improve them, and helps to create added value. It helps this organization to achieve its objectives by evaluating, through a systematic and methodical approach, its risk management, control and governance processes, and by making proposals to strengthen their effectiveness. (Source: CRIPP) 

Reporting to General Management, internal audit maintains a close relationship with the Audit Committee or its specialized committees by providing them with assurance on the effectiveness of risk management and internal control systems.

Internal audit: A standardized profession

Internal audit is carried out in different legal and cultural environments, for the benefit of organizations of various subject, size, complexity and structure. It can be exercised by audit professionals, internal or external to the organization.

As these differences can influence the practice of internal auditing in each environment, it is essential to adhere to the IIA’s International Standards for the Professional Practice of Internal Auditing for both internal auditors and the internal audit function. fulfill their responsibilities. (Source: CRIPP)