Internal Audit Department 's Independence And Objectivity

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As requested, I have prepared the following memorandum with the aim of reassuring senior management about the internal audit department’s independence and objectivity.

I have provided detail on consideration of independence and objectivity, based on guidance from the International Institute of Internal Auditors (IIA). I have also charted steps should taken by TechNet to ensure the internal audit department’s independence and objectivity.

The Institute of internal Auditors (IIA) defines independence as “the freedom from conditions that threaten the ability of the internal audit activity to carry out internal audit responsibilities in an unbiased manner.”

IIA defines objectivity as
“An unbiased mental attitude that allows internal auditors to perform engagements in such a manner that they believe in their work product and that no quality compromises are made.”

The internal audit department at TechNet is in compliance with the IIA’s International Standards for the Professional Practice of Internal Auditing. Attribute Standards 1100 of the IIA require that “the internal audit activity must be independent, and internal auditors must be objective in performing their work.”
Independence refers to the liberty of the internal auditor to carry out activities in an unbiased manner.
Objectivity refers to an unbiased mental attitude of the internal auditor without subordinating their judgement (findings) to others.
To assist in achieving independence and objectivity the IIA

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