Treasury Internal Audit Framework Revised ... - National Treasury

Introduction
Its sponsors were concerned about the
perceived low level of confidence both in
financial reporting and in the ability of auditors
to provide the safeguards which the users of
company reports sought and expected.
In its report the commission recommended
certain practices in board governance, audit
committees, internal controls and external
auditors that would improve organisational
performance, governance and stakeholder
confidence.
11 Internal Audit Framework