Factsheet - Internal Auditing in Line 2 and Line 3

Factsheet

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Author

IIA-Australia

Date

2024

Topics Explored

Internal Audit, Assurance and Integrated Assurance

Format

Factsheet

Extract/Description

This Factsheet seeks to describe the Global Internal Audit Standards applicable to audits performed by Line 2 management systems audit and Line 3 internal audit.

Key Points

1. Line 3 internal audit is independent of management, but Line 2 management systems audit activities are reported to management so cannot be considered to be independent.

2. A management system audit conducted according to the ‘Global Internal Audit Standards’ will conform with the requirements of the relevant ISO systems. However, the standards prescribed by ISO for management systems audits do not come up to the requirements of the ‘Global Internal Audit Standards’.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes