- internal audit function
- IAF The department within an organization responsible for internal auditing. The IAF is headed by a * Chief Auditing Executive.
Auditor's dictionary. 2014.
internal audit function
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Internal audit — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
internal audit charter — A document that sets out the purpose, authority, responsibilities, and scope of work of an *internal audit function (IAF). The charter is often considered to be an audit function’s constitution, and its subject matter typically includes some or… … Auditor's dictionary
internal audit Shop — An alternative term for *internal audit function … Auditor's dictionary
Audit committee — In a publicly held company, an audit committee is an operating committee of the Board of Directors, typically charged with oversight of financial reporting and disclosure. Committee members are drawn from members of the Company s board of… … Wikipedia
audit cycle — The process of conducting an audit or a series of audits over time. In external auditing, the audit cycle tends to be scheduled in several important phases: (i) interim visits to perform *analytical and *compliance reviews; (ii) attendance at… … Auditor's dictionary
audit universe — The total potential scope of work within an auditor’s remit. *Audit planning involves the allocation of resources to individual *auditable units within an audit universe, normally on the basis of a combination of the following: (i) *materiality… … Auditor's dictionary
audit schedule — 1. A formal list of auditing assignments determined by an *internal audit function’s planning process. The audit schedule’s coverage may extend to *long term planning of three, five, or more years. 2. An alternative term for *work paper … Auditor's dictionary
audit department — An alternative term for *internal audit function … Auditor's dictionary
audit shop — An alternative term for *internal audit function … Auditor's dictionary
Audit management — is responsible for ensuring that board approved audit directives are implemented. Audit management oversees the internal audit staff, establishes internal audit programs, and hires and trains the appropriate internal audit personnel. The staff… … Wikipedia
