Knowledge Centre
Welcome to the Knowledge Centre – IIA’s searchable repository of recommended and best practice guidance, benchmarking studies, thought leadership, presentations and much more.
Search by key terms to find what you’re looking for, or browse our most recent items from the list below.
(Note: Some items require you to be a member of IIA Australia or IIA Australia’s CAE Service to access the document).
Search by key terms to find what you’re looking for, or browse our most recent items from the list below.
(Note: Some items require you to be a member of IIA Australia or IIA Australia’s CAE Service to access the document).
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Latest Additions
AML internal auditors urged to lift their game (  , 27 KB ) |
| 23-Feb-2011 | Media Releases | IIA Australia | Access: Public |
| Internal auditors must boost the rigour of their audits of anti-money laundering compliance to successfully protect their organisations’ reputations and progress the fight against financial crime, says the Institute of Internal Auditors, Australia (IIA). “Internal auditors should be capable of performing a comprehensive, independent annual review of whether their company has a sound framework for managing its money laundering and terrorist financing (AML/TF) risks,” said Mr Joe Garbutt, IIA’s director policy.
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| ASX must call for a mandatory internal audit function ( , 135 KB ) |
| 14-Feb-2011 | Media Releases | IIA Australia | Access: Public |
| The ASX Corporate Governance Council will next week commence a review of the ASX Corporate Governance Principles and Recommendations – the definitive ‘bible’ of corporate governance best practice in Australia’s. With the widespread risk management failures of the financial crisis fresh in the minds of Corporate Australia not to mention the legions of investors who lost their life savings, it is incumbent on the ASX Council to seize this unique opportunity to strengthen the Principles and Recommendations.
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| International Standards for the Professional Practice of Internal Auditing (Standards - 2011) ( , 252 KB ) |
| 04-Jan-2011 | Mandatory Guidance | IIA Global | Access: Public |
| The IIA's principle-focused Standards provide a framework for performing and promoting internal auditing. The Standards are mandatory requirements consisting of: (1) Statements of basic requirements for the professional practice of internal auditing and for evaluating the effectiveness of its performance, and (2) Interpretations, which clarify terms or concepts within the statements. |
| Practice Guide: Assessing the Adequacy of Risk Management ( , 425 KB ) |
| 04-Jan-2011 | Practice Guide | IIA Global | Access: All Members |
| Many organizations are moving to adopt consistent and holistic approaches to risk management and recognize that risk management is a management process that should be fully integrated with the management of the organization. It applies at all levels of the organization — enterprise level, function level, and business-unit level. The risk management framework must be designed to suit the organization: its internal and external environment. For risk management to be effective, the framework in any organization, regardless of size or purpose, should contain certain essential elements. This guide details three approaches to assurance of the risk management process: a Process Elements approach; an approach based on Principles of Risk Management; and a Maturity Model approach. The assurance process that is used should be tailored to the organization’s needs. |
| Practice Guide: Measuring Internal Audit Effectiveness and Efficiency ( , 1 MB ) |
| 04-Jan-2011 | Practice Guide | IIA Global | Access: All Members |
| Internal auditing plays a critical role in the governance and operation of an organization. When effectively implemented, operated, and managed, it is an important element in helping an organization achieve its objectives. Organizations that effectively use internal auditing are better able to identify business risks and process and system inefficiencies, take appropriate corrective action, and ultimately support continuous improvement. To maintain and enhance internal auditing’s credibility; however, its effectiveness and effi ciency must be monitored. Establishing performance measures is critical in determining if an audit activity is meeting its goals and objectives, consistent with the highest quality practices and standards. This practice guide provides guidance to internal audit activities on measuring their effectiveness and efficiency and the level of customer service they provide to stakeholders. |
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