Factsheet - Internal Audit Advisory Services

Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit, Internal Audit Management 

Format

Factsheet

Extract/Description

The scope of internal audit work embraces the wider concept of corporate governance and risk, recognising that controls exist in organisations to manage risks and promote effective and efficient governance and performance. Internal audit can offer advisory services as agreed with individual clients.

Key Points

If your internal audit function offers advisory services, consider the following

  • Build time into your internal audit plan
  • Make management aware of the service
  • Respond promptly
  • Don’t do what management should do themselves
  • Celebrate success

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes