Factsheet - Value Based Internal Audit

Factsheet

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Author

IIA-Australia

Date

2022 

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

Value-Based Internal Audit – A methodology where internal auditors perform forward-looking internal audit services to offer insights and actively seek innovation to improve an organisation, seeking to do this from the audit client perspective.

Key Points

Key elements of value-based internal auditing are:

  • Strategic Foundations
  • Stakeholder Relations
  • Approach
  • Resourcing, Technology
  • Continuous Improvement.

Relevant Industries

All

Level of Assumed Knowledge

Expert

Aligned to Global Internal Audit Standards

No