I.9 Chief Audit Executive’s (CAE) Questionnaire

1.

Is the internal auditing activity organized in a way that allows for practice review and internal audit (PRIA) independence?

2.

Are you satisfied that the internal auditors are objective in performing audits?

3.

Are you satisfied with the method and the frequency of reporting to management, the Audit Committee, and the Auditor General?

II. Professional Proficiency

4.

Are the technical proficiency and the educational background of each internal auditor appropriate for the audit being performed?

5.

Does the internal audit activity as a whole possess the knowledge, skills, and disciplines necessary to carry out its audit responsibilities?

6.

Does the internal auditing activity use consultants where special disciplines are required?

7.

Are you satisfied with the amount of supervision given to audits?

Do you consider it necessary for the review team to evaluate this area?

8.

Do the internal auditors comply with professional standards of conduct?

Are you aware of exceptions by any person who is a member of the staff?

9.

Do you believe that each internal auditor possesses the knowledge, skills, and disciplines that are essential in performing internal audits?

10.

Are the internal auditors skilled in dealing with people and in communicating effectively?

11.

Do the internal auditors maintain their technical competence through continuing education?

Are records maintained?

12.

Do you believe that each internal auditor exercises due professional care in performing audits?

III. Scope of Work

13.

Do the internal auditors review the reliability and the integrity of financial and operating information and the means used to identify, measure, classify, and support this information?

14.

Do the internal auditors review the systems established to ensure compliance with policies, plans, procedures, laws, and regulations?

Do the internal auditors determine whether the organization is in compliance?

15.

Do the internal auditors review the means to safeguard assets?

Do they test-verify the existence of such assets?

16.

Do the internal auditors appraise the economy and the efficiency with which organizational resources are employed?

17.

Do the internal auditors review operations or programs to ascertain that

• Results are consistent with established objectives and goals?
• Operations or programs are carried out as planned?
• Controls are in place to contribute to the attainment of objectives?

IV. Performance of Audit Work

18.

Are internal audits planned in advance?

• Are you involved in the planning process?
• Are you satisfied with the planning process?

19.

Do the internal auditors adequately collect, analyze, interpret, and document information to support audit results?

20.

Do the internal auditors adequately report the results of their audit work?

21.

Do the internal auditors adequately follow up to ascertain that appropriate action is taken on reported audit findings?

V. Management of the Practice Review and Internal Audit Department

22.

Do you have a statement of purpose, authority, and responsibility (charter) for PRIA?

23.

Do you have established plans to carry out the responsibility of PRIA?

24.

Are plans based on the organizations risk management process and criteria such as financial exposure, potential loss, risk, etc.?

25.

Have you provided written policies and procedures to guide the internal audit staff?

26.

Do you have a program for selecting and developing the human resources of the internal auditing activity?

27.

Do you coordinate internal and external audit efforts and with those of other compliance groups within the organization?

28.

Do you have and maintain a quality assurance program to evaluate the operations of the internal auditing activity?