Please enable JavaScript.

Coggle requires JavaScript to display documents.

NATURE OF INTERNAL AUDITING WORK (Strategic Framework (Strategic plan…

- - - - Internal Auditing
        
        3GRC Standards
        
        Control
        
        COSO III.
        
        The SOCO Framework and the internal Control
        
        The control Environment
        
        6 more items...
        
        Risk assessment
        
        Control activities
        
        2 more items...
        
        Governance
        
        2110.A2 Overseeing risk and control information, promote ethics and values, making strategic and operation decisions, communicate risk and control information
        
        King Report
        
        management responsibility to ensure that three areas are established within the organisation to meet business and stakeholder needs.
        
        Risk Management
        
        COSO II
        
        2100 Nature of work
        
        2110.A1: IA Activity must evaluate the design, Implementation and effectiveness of the Organisation's ethics-related objectives, programmes and activities.
        
        The Role of Internal Control
        
        management is responsible for implementing control, but other parties may also be involved
        
        Control is either a process or action taken
        
        controls are implemented to minimise risks, ensuring that and Organisation's objectives are met
        
        The Objective Of Internal Control
        
        Operating objectives
        
        Effectiveness and efficiency of operations
        
        Safeguarding of assets
        
        Reliability and Integrity of financial and operational information
        
        compliance objectives
        
        Compliance with laws, regulations and contracts
        
        reporting objectives
        
        Internal and External Reporting
        
        Financial and Non Financial Reporting
        
        Reliability, timeliness, transparency