Treasury Internal Audit Framework Revised ... - National Treasury

Nature of Work
4 Nature of Work 22
IAA must evaluate and contribute to the
improvement of risk management, control and
governance processes using a systematic and
disciplined approach.
4.1 Risk Management 23
IAA is responsible for providing assurance to
management and the AC on the adequacy
and effectiveness of the risk management
process. Risk management is a key responsibility
of the AO and management.
Management should ensure that adequate risk
management processes are in place and
functioning as intended.
IAA must assist management and the AC
by examining, evaluating, reporting and recommending
improvements on the adequacy
and effectiveness of management’s risk
processes. Conducting assessments and reporting
on the organisation’s risk management
process should be a high audit priority.
22 ISPPIA 2100
23 ISPPIA 2120
45 Internal Audit Framework