Adequacy of the regulatory framework for internal audit
Review of the legislation, formal instructions and manuals established for the IA function.
For IA manuals to be considered in line with the legislation for IA no more than one material/substantial inconsistency between the manuals and existing national legislation can exist.
IA manuals are deemed consistent with the guidelines of the Institute of Internal Auditors (IIA) if no more than one material/substantial inconsistency between the manuals and IIA guidance exists.
For each of the following five criteria, 1 point is awarded (total of 5 points).
Criteria fulfilled: 4/5
Yes
No
No data available / not assessed
| Legislation specifies the operational arrangements for IA, including minimum organisational requirements and size of units, and allows IA requirements to differ depending on the type and size of the organisation (1 point) | |
| Independence is ensured and reporting arrangements, IA standards, manuals, code of ethics and certification are in place (1 point) | |
| Legislation for IA applies to all general government organisations (1 point) | |
| IA manuals are in line with the legislation for IA (1 point) | |
| IA manuals are prepared for the national conditions and are based on and consistent with the guidelines of the IIA (1 point) |