Factsheet - Who Should Assess Chief Audit Executive Performance

Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit, Internal Audit Management, Audit Committee

Format

Factsheet

Extract/Description

Internal audit and CAE performance measures need to be in alignment to what the organisation is trying to achieve, that is linked to the strategic plan and strategic intent.

Key Points

1. Internal audit performance measures and CAE performance measures should be aligned.

2. Assessment of CAE performance should be done in conjunction with the CAE administrative report, but not with the audit committee being a minor player.

3. The internal audit charter and the audit committee charter should outline the performance assessment process for the CAE.

Relevant Industries

All

Level of Assumed Knowledge

Expert

Aligned to Global Internal Audit Standards

Yes