IIA-Australia Factsheet - Internal Audit versus Risk Management

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Author	IIA-Australia
Date	2022
Topics Explored	Internal Audit
Format	Factsheet
Extract/Description	This factsheet compares and contrasts the activities of internal audit and of risk management.
Key Points	There are similarities between the role of internal audit and the role of the risk management function. In a healthy organisation risk management collaborates with internal audit and internal audit provides assurance over the activity of the risk management function.
Relevant Industries	All
Level of Assumed Knowledge	Intermediate