INTERNAL AUDIT CHARTER
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps organization accomplish its objectives and bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance process.
This charter primary aims to define and establish:
- The formal mission statement of internal audit department
- The objectives and scope of internal audit department
- The internal audit department position within the company, its access
- to various records, departments and activities, its responsibility and