Requirement Details
This domain specifies what the Chief Audit Executive (CAE) must do to support and encourage the board and senior management to perform necessary oversight responsibilities. It includes “Essential conditions” – specific callouts to the board and senior management that establish the foundation for effective internal auditing. The domain covers the establishment of the internal audit charter, ensuring organizational independence, defining reporting relationships, and securing adequate resources. It emphasizes the board’s role in approving the internal audit charter, budget, and resource plan, as well as receiving communications about the internal audit activity’s performance relative to its plan.