unified

UC-AUDIT-03 — Ensure board oversight and support of internal audit

The board oversees the internal audit function through regular interaction with the chief audit executive, including executive sessions without management present, and approves the CAE's appointment, remuneration, evaluation, and removal. The board reviews and approves the internal audit plan and budget and ensures the function has sufficient resources to fulfill its mandate. Board meeting minutes and approvals evidence oversight.

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Catalog revision: 24028ffcfc2b295fa1b08ee6caa84b765f0731b321496bf4f548c49ad2177028. A connection does not establish full coverage.

Attributes

domain
Compliance, Audit & Assurance
type
preventive
category
administrative

Details

unified_id
UC-AUDIT-03
title
Ensure board oversight and support of internal audit
statement
The board oversees the internal audit function through regular interaction with the chief audit executive, including executive sessions without management present, and approves the CAE's appointment, remuneration, evaluation, and removal. The board reviews and approves the internal audit plan and budget and ensures the function has sufficient resources to fulfill its mandate. Board meeting minutes and approvals evidence oversight.
domain
Compliance, Audit & Assurance
control_type
preventive
control_category
administrative
members
  • framework
    iia-2024
    control_id
    Principle 8
    coverage
    partial
    delta
    Principle 8 also includes board oversight of quality and external quality assessment (8.3-8.4)
    relationship
    intersects_with
  • framework
    iia-2024
    control_id
    Std 8.1
    coverage
    full
    relationship
    superset_of
  • framework
    iia-2024
    control_id
    Std 8.2
    coverage
    full
    relationship
    superset_of
guidance

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