IIA position paper The role of internal auditing in enterprise-wide risk management

Internal Auditing Guidelines

IIA position paper The role of internal auditing in enterprise-wide risk management
Internal Auditing Guidelines Recommendations on Internal Auditing for Lottery Operators Issued by the WLA Security and Risk Management Committee V1.0, March 2007 The WLA Internal Auditing Guidelines may

More information

Better Practice Guide

IIA position paper The role of internal auditing in enterprise-wide risk management
Better Practice Guide June 2008 Risk Management COMCOVER Commonwealth of Australia 2008 ISBN 1 921182 78 4 print ISBN 1 921182 79 2 online Department of Finance and Deregulation This work is copyright.

More information

Integrated Risk Management:

IIA position paper The role of internal auditing in enterprise-wide risk management
Integrated Risk Management: A Framework for Fraser Health For further information contact: Integrated Risk Management Fraser Health Corporate Office 300, 10334 152A Street Surrey, BC V3R 8T4 Phone: (604)

More information

Internal Audit Practice Guide

IIA position paper The role of internal auditing in enterprise-wide risk management
Internal Audit Practice Guide Continuous Auditing Office of the Comptroller General, Internal Audit Sector May 2010 Table of Contents Purpose...1 Background...1 Definitions...2 Continuous Auditing Professional

More information

ENTERPRISE RISK MANAGEMENT POLICY

IIA position paper The role of internal auditing in enterprise-wide risk management
ENTERPRISE RISK MANAGEMENT Approved by the Audit Committee on 14 February 2003 and adopted by resolution of the Board on 28 March 2003 Revisions approved by the Audit and Risk Committee on 14 February

More information

Policy and Procedure Statement

IIA position paper The role of internal auditing in enterprise-wide risk management
Policy and Procedure Statement SUBJECT: Enterprise Risk CATEGORY: General Administration NO. 502-G PREAMBLE Risk exists in all activities and cannot be avoided, nor can it always be eliminated. However,

More information

Sample risk committee charter

IIA position paper The role of internal auditing in enterprise-wide risk management
Sample risk committee charter 1 Next This sample risk committee charter is based on leading practices observed by Deloitte in the analysis of a variety of materials. It is important to note that the Risk

More information

ENTERPRISE RISK MANAGEMENT POLICY

IIA position paper The role of internal auditing in enterprise-wide risk management
ENTERPRISE RISK MANAGEMENT POLICY TITLE OF POLICY POLICY OWNER POLICY CHAMPION DOCUMENT HISTORY: Policy Title Status Enterprise Risk Management Policy (current, revised, no change, redundant) Approving

More information

IT Governance Charter

IIA position paper The role of internal auditing in enterprise-wide risk management
Version : 1.01 Date : 16 September 2009 IT Governance Network South Africa USA UK Switzerland www.itgovernance.co.za 0825588732 IT Governance Network, Copyright 2009 Page 1 1 Terms

More information

Risk Management Solution for NPO

IIA position paper The role of internal auditing in enterprise-wide risk management
Risk Management Solution for NPO Achieving Mission with Best in Governance Disclaimer While utmost care has been taken to ensure content accuracy at the time of writing, no person should rely on the contents

More information

Internal Audit Standards

IIA position paper The role of internal auditing in enterprise-wide risk management
Internal Audit Standards Department of Public Expenditure & Reform November 2012 Copyright in material supplied by third parties remains with the authors. This includes: - the Definition of Internal Auditing

More information

Enterprise-Wide Risk Assessment

IIA position paper The role of internal auditing in enterprise-wide risk management
Enterprise-Wide Risk Assessment Agenda 1. Definition of risk. 2. Risk drivers in higher education today. 3. Implementing an enterprise-wide risk management (ERM) program to effectively assess, manage,

More information

RISK MANAGEMENT FRAMEWORK

IIA position paper The role of internal auditing in enterprise-wide risk management
RISK MANAGEMENT FRAMEWORK DOCUMENT INFORMATION DOCUMENT TYPE: DOCUMENT STATUS: POLICY OWNER POSITION: INTERNAL COMMITTEE ENDORSEMENT: APPROVED BY: Strategic document Approved Manager Organisational Development

More information

Enterprise Risk Management Program

IIA position paper The role of internal auditing in enterprise-wide risk management
Enterprise Risk Management Program APPA s Risk Management & Insurance Meeting Austin, Texas March 29, 2007 Presented by: L.D. Hollingsworth Agenda Introduction - Why ERM? Governance & Reporting Structure

More information

Risk Management Policy

IIA position paper The role of internal auditing in enterprise-wide risk management
Risk Management Policy Risk Management Policy Record Number D14/79827 Responsible Manager Manager Strategy and Governance Last reviewed 10 March 2015 Adoption reference Council Resolution number 90.5 Previous

More information

Corporate Governance Guidelines

IIA position paper The role of internal auditing in enterprise-wide risk management
Corporate Governance Guidelines Teachers Federation Health Ltd ABN: 86 097 030 414 Original Endorsed: 25/06/2015 Version: December 2015 1. Corporate Governance Framework 1 2. Board of Directors 2 3. Performance

More information

Council Meeting Agenda 27/07/15

IIA position paper The role of internal auditing in enterprise-wide risk management
3 Risk Management Framework Abstract Council s Risk Management Framework ( the Framework ) was adopted by Council in 2012. The Framework provides structure and guidance to Council s risk management activities

More information

Close Brothers Graduate Programme

IIA position paper The role of internal auditing in enterprise-wide risk management
1 02 Financial expertise About us was established in 1878 and since then has held true to the principles of merchant banking supporting small businesses and individuals through all conditions. today employs

More information

Project Risk Analysis toolkit

IIA position paper The role of internal auditing in enterprise-wide risk management
Risk Analysis toolkit MMU has a corporate Risk Management framework that describes the standard for risk management within the university. However projects are different from business as usual activities,

More information

COMPLIANCE CHARTER 1

IIA position paper The role of internal auditing in enterprise-wide risk management
COMPLIANCE CHARTER 1 Contents 1. Compliance Policy Statement... 2 2. Purpose... 2 3. Mission and objective of the Directorate: Compliance... 2 3.1 Mission... 2 3.2 Objective... 3 4. Compliance risk management...

More information

What is the role of internal audit for enterprise wide risk management?

The role of internal auditing in ERM Internal auditing is an independent, objective assurance and consulting activity. Its core role with regard to ERM is to provide objective assurance to the board on the effectiveness of risk management.

Which of the following are the roles of internal auditing in risk management?

The main role of internal audit in risk management is assessing and monitoring risks that company faces, and providing recommendations for appropriate risk mitigation controls.

What is IIA position paper?

Position Papers assist a wide range of interested parties but are primarily designed to inform and educate internal audit stakeholders on issues of importance to The IIA and the profession.

What enterprise risk management roles should the internal auditor undertake and not undertake?

The roles that The IIA indicated internal audit not undertake include:.
Setting the risk appetite..
Authoring and dictating the implementation of risk management processes..
Assuming the role of management when providing assurance on risks and risk management performance..
Making decisions on risk responses..