Frequently Asked Questions

How do internal and external auditors differ and how should they relate?

Internal and external auditors have share an interest the effectiveness of internal controls. While both professions adhere to codes of ethics and professional standards set by their respective professional associations there are however major differences with regard to their relationships to the organisation and to the scope of their work and objectives.

The internal auditor's scope of work is comprehensive. It serves the organisation by helping it accomplish its objectives and improving operations, risk management, internal controls, and governance processes.

Concerned with all aspects of the organisation, both financial and non financial, internal auditors focus on future events as a result of their continuous review and evaluation of controls and processes.

To assist you with your talent acquisition requirements you can learn more about the difference between internal and external audit by downloading The Two Sides of Auditing.

If you have any questions you're most welcome to get in touch with the Institute and we will assist you with your inquiries.

Additionally you may find this useful: Internal Auditing: Adding Value Across The Board. It's an informative brochure which highlights the relationship of internal audit with governance, boards and management. Download your copy here.

How should an organisation go about sourcing its internal audit professional?

Internal audit is best performed by competent professionals in full compliance with the international standards for the professional practice of internal auditing standards and code of ethics.

Many New Zealand Internal Auditors have achieved the Certification in Internal Auditing accredited by IIA Global. Certification in Internal Audit (CIA) is a globally recognised qualification which sets the only global benchmark of internal audit.

Take a look at the value of recruiting a CIA into your organisation.

Learn more about IIA NZ internal audit professionals by downloading your free copy of All in a day's work: A look at the varied responsibilities of internal auditors.

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