Factsheet - Internal Audit Independence and Objectivity

Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

The Institute of Internal Auditors–Australia (IIA-Australia) is often asked by audit committees and internal auditors a range of questions around internal audit Independence, Objectivity and Conflicts of interest. This Factsheet seeks to provide guidance for various situations which may be encountered in relation to internal auditing.

Key Points

1. Independence is a structural issue - it relates to the position of the internal audit function or the corporate arrangements of the service provider.

2. Objectivity relates to the personal attributes of the internal auditor.

3. Conflicts of interest can affect both the objectivity of the internal auditor and the independence of the service provider. 

    Relevant Industries

    All

    Level of Assumed Knowledge

    Beginner

    Aligned to Global Internal Audit Standards

    Yes