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Audit committees

Internal audit is the eyes and ears of the board and its committees - especially the audit committee. Working independently within the organisation, internal audit provides assurance to the board that, in the pursuit of the company's objectives:

  • risks are being managed effectively
  • financial and other controls are in place
  • the organisation is being properly governed

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NEW: Essential information for the audit committee

We've updated our guidance for audit committees to help them work more effectively with internal audit. Please share this with the board and its committees. By giving them a greater understanding of internal audit, hopefully it will help you too.

There are three parts to this guidance:

1. Ten ways to get the most from internal audit

2. How internal audit works with the audit committee

3. Governance of risk: Three lines of defence

Download this guidance as a PDF


Template charter

Sample audit committee charter


Further reading

Internal Auditing - A Cornerstone of Good Governance 
IIA Global's position on corporate governance, risk management, and control  

Audit and Risk Committees:  news from EU legislation and best practices
Joint guidance from ECIIA and the Federation of European Risk Management Associations (FERMA) designed to aid those committees cope with recent revisions to the 8th Company Law Directive. 

Content reviewed: 22 November 2018
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