Internal Audit Charters

An Internal Audit Charter is a formal document that outlines the purpose, authority, and responsibility of an organization’s internal audit function. It defines what the internal auditors are authorized to do, such as examining financial records, assessing risk management, and evaluating internal controls. The Charter also clarifies their independence from other departments and how they report their findings. Essentially, it serves as a roadmap ensuring the internal audit team operates effectively and objectively, helping the organization improve operations and ensure compliance with laws and policies.