The internal auditing department's objectives, policies, and procedures The organization's policies and procedures that apply to the internal auditing function. Laws, regulations, and government or industry standards which specify auditing and reporting requirements. Systems for establishing the audit universe, assessing risk, and determining frequency and scope of audits Audit planning documents, particularly those submitted to senior management and the audit committee. The plan of organization, statements of job requirements, position descriptions, and professional development plans of the internal auditing department. Guideline 560.02 Guideline 560.02 states that supervision of work of the internal auditors should be carried out continually to assure conformance with internal auditing standards, departmental policies, and audit programs.
Adequate supervision is the most fundamental element of a quality assurance program.
As such, it provides a foundation upon which internal and external reviews can subsequently be built. The nature of and responsibility for supervision are set forth in the Standards, particularly 230, and related guidelines. Adequate planning and providing suitable instructions to subordinates. Determination that the approved audit program has been carried out and documented in the working papers and that the resulting report comments are appropriate. Adequate and properly documented supervision of all internal auditing activities, which is ultimately the responsibility of the director of internal auditing.