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INTERNAL AUDIT COMPETENCY FRAMEWORK 1 7

INTERNAL AUDIT COMPETENCY FRAMEWORK 1 ! 7 Copyright 2020 by The Institute of INTERNAL Auditors, Inc. All rights AREACOMPETENCY LEVELGENERAL AWARENESSAPPLIED KNOWLEDGEEXPERTPROFESSIONALISMC ompetencies required to demonstrate the authority, credibility, and ethical conduct essential for a valuable INTERNAL AUDIT of INTERNAL auditingDescribe the purpose, authority, and responsibility of the INTERNAL AUDIT activity; distinguish between assurance and consulting ability to conduct both assurance and consulting engagements in conformance with the the INTERNAL AUDIT activity s ability to conduct both assurance and consulting activities to add value and improve the organization s AUDIT charterDescribe the purpose of an INTERNAL AUDIT charter; identify th

COMPETENCY LEVEL GENERAL AWARENESS APPLIED KNOWLEDGE EXPERT PERFORMANCE Competencies required to plan and perform internal audit engagements in conformance with the Standards. Organizational governance Describe the concept of organizational governance. Detect risks related to the organization’s governance policies, …

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