The independent eye
Internal audit standards and audit committees.
- Level
- Bitesize
- Learning time
- 1 hour 15 minutes
- Where
- Audit and Assurance
- Price
- £39
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Read the full terms
Certificate of Completion
Overview and Outcomes.
Overview
Internal audit is the board's independent eyes. This module explains the Global Internal Audit Standards, their five domains and how they apply in the UK public sector from April 2025 alongside CIPFA's new local government code. It follows the internal audit year, shows through the Slough Borough Council case why an agreed action is not a completed one, and covers the warning signs for independence and how to read audit ratings. The committee runs nothing, which is why it sees more. This module sets out the core functions of an audit committee from CIPFA's 2022 Position Statement, how committees are constituted across Welsh and English councils, the NHS, charities and housing, and how the committee works with auditors through the year. It explains the value of independent members, offers four questions for every meeting, and draws lessons from Croydon and Brick by Brick.
What you'll develop
In this Bitesize, you will develop the ability to:
- Describe the structure of the Global Internal Audit Standards and the role they give the board or audit committee in governing internal audit.
- Assess the independence of an internal audit function using reporting lines, access, resources, scope and the response to findings.
- Use follow up reporting and audit ratings critically, testing whether actions marked complete have actually been implemented.
- Explain the core functions of an audit committee and why its independence from management is its greatest asset.
- Compare how audit committees are constituted across sectors, including the lay and independent member requirements in Wales and England.
The Modules.
1 hour 15 minutes of learning.
- 04Internal Audit: Standards, Independence and OpinionInternal audit is the board's independent eyes. This module explains the Global Internal Audit Standards, their five domains and how they apply in the UK public sector from April 2025 alongside CIPFA's new local government code. It follows the internal audit year, shows through the Slough Borough Council case why an agreed action is not a completed one, and covers the warning signs for independence and how to read audit ratings.38 min
- 05The Audit CommitteeThe committee runs nothing, which is why it sees more. This module sets out the core functions of an audit committee from CIPFA's 2022 Position Statement, how committees are constituted across Welsh and English councils, the NHS, charities and housing, and how the committee works with auditors through the year. It explains the value of independent members, offers four questions for every meeting, and draws lessons from Croydon and Brick by Brick.37 min
Keep going.
Part of the Audit and Assurance topic, also sold whole as Assurance that counts.
Go deeper, and pay only the difference
- You are hereBitesize, 1 hour 15 minutes, £39
- Next stepFocus, Lines of defence, 3 hours, £69. Already own the Bitesize? You pay £30.
- The whole topicExplore, Assurance that counts, 5 hours 30 minutes, £129. Already own the Bitesize? You pay £90.
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Prices per person. Read the full terms
Also part of: Governing with confidence, A seat at the table, Homes, boards and residents
