02 - Internal Audit Charter Explained | Foundation of Internal Audit

Описание: The Internal Audit Charter is not just a document — it is the foundation of the entire internal audit function.

Without a properly defined charter, internal audit has no authority, no independence, and no clarity of purpose.

In this video, we break down the Internal Audit Charter in simple, practical terms:

• What is an Internal Audit Charter?
• Why is it mandatory?
• Who approves it? (Board & Audit Committee)
• Authority and independence of Internal Audit
• Scope of internal audit activities
• Roles and responsibilities
• Relationship with management
• Reporting structure

We also explain how the Charter protects internal audit from interference and ensures objectivity.

Whether you are:
• Preparing for professional exams
• Starting a career in internal audit
• Or building an audit framework in your organization

This session will give you structured clarity.

This video is part of the Audit Masterclass series, where we cover the full audit lifecycle — from strategy to reporting.

Next video: Audit Universe – Defining What Can Be Audited.

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