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)
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