Financial and Performance Management Standard 2019
sec.25Charter of internal audit function
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sec.25 Charter of internal audit function
The internal audit function of a department or statutory body must operate under a charter (an internal audit charter ) stating the objectives, roles and responsibilities of the function. The internal audit charter must— be consistent with the auditing and ethical standards set by the professional entities that govern the conduct of auditing in the State; and be approved by the department’s accountable officer or the statutory body; and be readily available to the officers of the department or statutory body. (sec.25-ssec.1) The internal audit function of a department or statutory body must operate under a charter (an internal audit charter ) stating the objectives, roles and responsibilities of the function. (sec.25-ssec.2) The internal audit charter must— be consistent with the auditing and ethical standards set by the professional entities that govern the conduct of auditing in the State; and be approved by the department’s accountable officer or the statutory body; and be readily available to the officers of the department or statutory body.
- (a) be consistent with the auditing and ethical standards set by the professional entities that govern the conduct of auditing in the State; and
- (b) be approved by the department’s accountable officer or the statutory body; and
- (c) be readily available to the officers of the department or statutory body.