Directions: If your answer to the Question is "YES", then include the points for that question in Your Score.

PART I - Governance and the Chief Audit Executive

1. Does your organization have a policy on Controlling the Organization? (If Yes, score = 4)

2. Is the Control Policy in writing and widely distributed in your Organization? (If Yes, score = 5)

3. Do you have and Internal Auditing Charter? (If Yes, score = 2)

4. Is your internal auditing charter signed by the Chair of the Audit Committee (or equivalent) AND the CEO ( or equivalent)? (If Yes, score = 4)

5. Is your charter in the organization policy manual, etc. so given wide distribution? (If Yes, score = 3)

6. Does your Audit Committee have a Charter? (If Yes, score = 3)

7. Does it specifically identify internal auditing responsibilities and interaction requirements with the Audit Committee? (If Yes, score = 5)

8. Is your Chief Audit Executive (CAE) the Secretary of the Audit Committee? (If Yes, score = 5)

9. Does your CAE (you?) attend all audit committee meetings? (If Yes, score = 4)

10. Does your CAE (you?) present annual plans, progress reports and significant audit observations to the audit committee? (If Yes, score = 3)

11. Does your CAE (you?) meet privately with the audit committee more than once a year? (If Yes,
score = 4)

12. Does your CAE (you?) discuss matters of mutual interest with audit committee members outside the meetings and beyond the routine committee meeting 'prep' sessions? (If Yes, score = 5)

If YOUR Total Score is between:

1 to 17 don't feel bad. Let us know and we will offer some advice on how you may be able to reinvent your Internal Auditing Department.

18 to 35 not bad! Contact us and we will be glad to share with you some ideas on enhancing your Internal Auditing Department.

34 to 47 - WOW! Contact us because we want to do an article on an Internal Auditing Department that has it all together.

We will have other parts to The "A" Test for your examination in the near future.