An internal auditor analyses and evaluates all activities, controls and governance processes concerned with the operations of an organisation, reports to executive management on audit findings and submits proposals for improvements.
In keeping with leading practice and our experience in managing out-sourced internal audit functions, we adopt a comprehensive integrated risk based approach. We design our approach to consider a three year rolling strategic internal audit plan as required by the PFMA. This ensures that the internal audit service we deliver is not narrowly focused on short-term objectives, but provides maximum value from your internal audit investment.
Our review is carried out by way of questionnaires, interviews with the Audit Committee, management and Internal Audit staff, observation and review of the internal audit work, and benchmarking with generic comparative criteria. The results are reviewed and the key observations and recommendations are then presented to the Audit Committee.
Good business practice and professional internal auditing standards require us to plan our activities so that we can optimize our contribution to our clients. As a result, we prepare a 3 year Strategic Audit Plan for submission to the members of the Audit Committee for consideration and approval in accordance with the Internal Audit Charter.
