Internal audit issues facing corporate audit committees

Abstract

The paper reviews and analyzes professional audit standards, audit committee charters, and research findings pertaining to audit committee oversight of internal auditing and assistance obtained from internal auditing. Issues examined are the development of internal audit charters, authorizing the acquisition of internal resources, reviewing and approving internal audit plans, making personnel decisions concerning the chief internal auditor, holding meetings with the chief internal auditor, and requesting special investigations from internal auditing.