Internal Audit
Internal / External Audit Relationship1. This sevintage patagonia snap tction gives guidance on internal audit arrangements and procedures. The guidance is aimed at all organisations to which the Scottish Public Finance Mpatagonia adze jacket review2anual (SPFM) is directly applicable, including the core Scottish Government (SG), the Crown Office and Procurator Fiscal Servicepatagonia adze jacket review, SG Executive Agencies, non ministerialdepartments and bodies sponsored by the SG.Key Points2. Internal audit should provide an independent, objective assurance and consulting activity designed to add value and improve an organisation s operations. It shouldpatagonia argentina ranches for sale provide an appraisal ofpatagonia better sweater amazon an organisation s internal control system and take the action needed to provide Accountable Officers with a continuing assurance that the organisation s risk management, control and governance arrangements are adequate and effective.3. Accountable Officers are responsible for ensuring that appropriate internal control systems exist within their own organisations (or parts thereof), and for deciding whether or not to accept and implement internal audit findings and recommendations.4. Internal audit evaluates compliance with an organisation s internal control system including relevant regulationpatagonia adze jacket review1s, guidance and procedures as part of its review process. However, the primary responsibility for monitoring compliance rests with operational areas and their line management, up to and including the relevant Accountable Officer.5. Entities or individuals involved in the external audit of an organisation should undertake non external audit related work for the same organisation only in exceptional circumstances.6. Internal audit should provide an independent, objective assurance apatagonia arizona real estate for salend consulting activity designed to add value and improve an organisation s operations. It should provide an appraisal of an organisation s internal control system and take the action needed to provide Accountable Officers with a continuing assurance that the organisation s risk management, control and governance arrangements are adequate and effective. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. The operation and conduct of internal audit should comply with Pubrare patagonia snap t fleece military camo reversible sweater retro synchillalic Sector Internal Audit Standards.7. Accountable Officers are responsible for ensuring that appropriate internal control systems exist within their own organisations (or parts thereof), and for deciding whether or not to accept and implement internal audit findings and recommendations. Accountable Officers have overall responsibility for ensuring that prompt and effective action is taken on recommendations, and that the risks resulting from inaction are recognised and accepted. The organisation s Head of Internal Audit should have the right of direct access to the Accountable Officer and the organisation s Audit Committee.8. Internal audit evaluates compliance with an organisation s internal control system including relevant regulations, guidance and procedures as part of its reviewpatagonia adze jacket review0 process. However, patagonia discount code white housethe primary responsibility for monitoring compliance rests with operational areas and their line management, up to and including the relevant Accountable Officer.Internal Control System9. The internal control system comprises the whole network of systems established in an organisation to provide reasonable assurance that organispatagonia everlong review probioticsational objectives will be achieved, with particular reference to:the effectiveness of operations;the economical and efficient use of resources;compliance with applicable policies, procedures, laws and regulations;safeguards against losses, including those arising from fraud, irregularity or corruption; andthe integrity and reliability of information and data.10. Internal audit should not have responsibility for executive functions or for the development or implementation of systems. Internal audit may, however, serve as a valuable source of advice on systems of risk, governance and control without impairing its objectivity and independence.Internal Audit Process11. Internal audit should:analyse the internal control system anpatagonia guide pants don't fitd establish a a risk based assurance programme;identify and evaluate the controls which are established in spatagonia guide pants nordstromystems to achieve objectives in the most economic, effective and efficient mannerpatagonia adze jacket review3;report findings and conclusions and, where appropriate, make recommendations for improvement;provide an opinion on the reliability of the controls in the system under review; andprovide an assurance based on the evaluation of the internal control system within the organisation as a whole.
