CHAPTER 9

Managing the Internal

Audit Function

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
1
 Chapter 9 Learning Objectives

 Understand the importance of proper positioning of the internal

audit function within the organization.
 Identify the benefits of various organization structures for an
internal audit function.
 Identify the roles and responsibilities of the key positions in an
internal audit function.
 Understand the policies and procedures of internal auditing and
how they guide the internal audit function.
 Understand various risk management models and reflect on what
role the internal audit function should have in the organization’s
risk management processes.
 Understand quality assurance, how it operates, and why it is
important to the internal audit function.
 Understand how technology is used in the management of the
internal audit function.

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
2
 Exhibit 9-1

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
3
 Exhibit 9-2

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
4
 Exhibit 9-3

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
5
 Exhibit 9-4

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
6
 Exhibit 9-5

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
7
 Exhibit 9-6

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
8
 Exhibit 9-7

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
9
 Add slides as desired

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
10