Question

The IIA’s definition of internal auditing and the standards provide that auditors must act independently and objectively.

1. How should an organization facilitate the independent nature of the internal auditing department?

Answer 1

Internal auditor:

Internal audit is to provide independent assurance to organization's risk,management and governance.

Facilitating the independent nature of internal auditing department :

• Internal auditors are the independent people who provide an independent objective and constructive view.
• Internal auditing is an independent acitivity which adds up value to the organization's operations.
• Independent nature of internal auditing inculdes the scope in which the organiztion's risk and mangement operations.
• The key to organiztion's success is to manage the risks effictively.
• Independent nature of internal auditing department helps in the growth and development of the organization.