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Identify the need for and state TWO of the major issues the Internal Audit Charter must cover in a public sector organisation.

Identify the need for and state TWO of the major issues the Internal Audit Charter must cover in a public sector organisation.

Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Activities Required In Completing A Quality Audit
Section: Chapter Questions
Problem 23TFQ
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A public sector organisation has an Internal Audit function and an Audit Report Implementation Committee (ARIC) of the Board of Directors. The Internal Audit function does not have an Internal Audit Charter. Before the PFM Act, 2016 Act 921 was enacted,TheARIC has three members, the Managing Director of the organisation and two other directors, a legal practitioner and a retired career diplomat.

 

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Identify the need for and state TWO of the major issues the Internal Audit Charter must cover in a public sector organisation.                                              

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