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CurrentPlanning by internal audit function
Part 2Governance
Division 5Internal audit and audit committees
26 Planning by internal audit function
(1)
The internal audit function of a department or statutory body must carry out planning appropriate to the size and functions of the department or statutory body.
(2)
The planning must include the preparation of—
(a)
a strategic audit plan that provides an overall strategy for the internal audit function for a period of at least 1 year; and
(b)
an annual audit plan, for each year, that sets out the audits to be carried out by the internal audit function during the year.
(3)
The strategic audit plan and the annual audit plan of a department or statutory body must be approved by the department’s accountable officer or the statutory body.
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