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Standard, 1100 Independence and Objectivity, Ch. 1.3 - Coggle Diagram

- - - - direct and unrestricted access to
        senior mgt and the board
      - functionally report to the board
        and audit committee
        
        org independence - effective
        
        approve IA charter
        
        approve risk-based IA plan
        
        approve IA budget and resource plan
        
        receiving communication from CAE on
        IA activity's performance relative to its plan
        
        approve apmt/ removal of CAE
        
        approve CAE remuneration
        
        make app inquiries of mgt and CAE
        to determine whether there are
        inapp scope/ resource limitations
      - administratively to senior mgt
        
        budgeting and mgt accounting
        
        HR admin
        
        internal comm and info flow
      - should not be a member of the board,
        involved in mgt decision
      - at least annually, private meeting with
        the board and audit committee without
        the presence of senior mgt, to discuss
        sensitive issue facing the IA function
- - - - false assumption
      - rely only on evidence -
        consistent with their preconceptions
        and ignore other relevant views
      - conclusion
        
        insuff study, data/info
        
        inability to accept conflicting fact
        
        only one source of info
  - - - competing prof/ personal interest
      - appearance of impropriety