The Internal Audit Charter, Plan and Universe
Three documents carry the whole engagement, a charter that buys you access and independence, a universe that proves nothing has been forgotten, and a plan that commits the year, and the Board must approve all three before the first visit, because every argument you will have in month seven is an argument about something one of them should have settled in month one.
- 7 pages
- 44
- Word and PDF
- 13 September 2026
The 2 formats inside
- 1Internal audit charterBoard / Audit Committee approvedOn its own₹149
- 2Annual internal audit planRule 13(2), scope, functioning, periodicity, methodologyOn its own₹149
Read the opening
The first part of “Internal audit charter”, as it downloads. Blanks are highlighted.
Internal audit charter
[Company name] Limited
Approved by the Audit Committee on [Date Audit Committee approved the Charter] · Noted by the Board of Directors on [Date Board noted the Charter]
Version [1.0] · Next review [Next review date]
1. Purpose and mission
1.1 Internal audit is an independent and objective assurance and advisory activity designed to add value to and improve the operations of [Company name] Limited and its subsidiaries ("the Company"). It helps the Company accomplish its objectives by bringing a systematic and disciplined approach to evaluating and improving the effectiveness of risk management, internal control and governance processes.
1.2 Internal audit is the third line of the Company's assurance arrangements. Operating management owns and manages risk (first line); the finance, compliance, quality, safety and risk functions monitor it (second line); internal audit provides independent assurance to the Audit Committee on both (third line).
2. Status, appointment and reporting lines