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DISCUSSIONS > IIA GENERAL DISCUSSION AREA [ REFRESH ]
Thread Title: Audit Department Goals
Created On Thursday July 26, 2012 1:34 PM
  Audit Department Goals
  Audit Department Goals
  Audit Department Goals


rbabin


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Thursday July 26, 2012 1:34 PM

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Please send me a list of some examples of internal audit department goals. Thanks.

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Yuri


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Wednesday August 01, 2012 8:12 AM

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How about the last IIA practice guide 'Developing the IA strategic plan':
i.e.
Critical Success Factors, Initiatives, Objectives, and Key Tasks

CSF 1: Focus on the Organization’s Highest Risks

Initiative: Enhance the planning process to identify the highest priority strategic, operational, financial, and regulatory risks to the organization.

SWOT Mapping: Weaknesses - 4, 5, 9
Opportunities - 6

Objectives:
• A sustainable process that identifies the most significant internal and external risks that could impede the achievement of the organization’s objectives and strategy.
• Collaboration with other control and risk management functions to coordinate coverage of the risks.

Key Tasks:
• Benchmark the current risk assessment process against other organizations of comparable size.
• Inventory current processes and sources used to identify emerging risks (which have never occurred
or not occurred for an extended period).
• Understand the scope of other control and risk management groups’ responsibilities and their approach
for identifying risks.
• Develop a methodology that links the organization’s strategy to the auditable risks.
• Validate the methodology with key stakeholders.

Time frame: August – November 201X

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COBOYD


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Thursday August 16, 2012 5:19 PM

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Just read a great article titled "Five Tips: How to measure the value of your internal audit department" from Auditandrisk.org.uk
Hope it helps you out.

coboyd

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DISCUSSIONS > IIA GENERAL DISCUSSION AREA [ REFRESH ]
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