Internal Audit Charter
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This Charter sets out the principles upon which CRUK’s Internal Audit function is established and by which it operates. The contents of this Charter are aligned with the Institute of Internal Auditors (IIA) professional standards.
The mission of the CRUK Internal Audit function is to help Council and management protect the assets, reputation and sustainability of the Charity and to improve its operations. It does this by providing an independent, objective assessment of the adequacy and effectiveness of CRUK’s internal control environment.
CRUK Internal Audit:
Internal Audit’s purpose is to provide independent and objective assurance, advice and insight on the design and operational effectiveness of the Charity’s framework of risk management, internal control and governance to assist the Trustees, Audit Committee, management and employees in the effective discharge of their responsibilities. Internal Audit furnishes its stakeholders with analyses, appraisals, recommendations, and pertinent comments concerning the matters it reviews. The primary objectives of Internal Audit are to:
The CRUK Audit Committee establishes the authority and responsibilities of the Internal Audit function. The Internal Audit Director is a senior appointment and the role reports functionally to the CRUK Audit Committee and administratively to the Chief Financial Officer. The appointment or dismissal of the Internal Audit Director will be determined by the CRUK Audit Committee and the Audit Committee Chairman plays a key role in setting the objectives and renumeration of the Internal Audit Director and appraising their performance. The Internal Audit Director has full and free access to the CRUK Audit Committee and has the right to attend all or part of Executive Board meetings and other key management decision making fora. It is the policy of the Audit Committee to have regularly scheduled private executive sessions with the Internal Audit Director. This organisational structure is designed to allow Internal Audit to be independent and to effectively support it in fulfilling its purpose. The Audit Committee will evaluate the performance of the Internal Audit function annually and will, at its discretion, commission an independent external quality assurance review of the function.
With stringent regard for safekeeping and confidentiality, Internal Audit will have full, free and unrestricted access to all activities, records (in both paper and electronic format), property and personnel and meetings/decision making fora within CRUK necessary to accomplish its stated purpose. Internal Audit is also provided unencumbered access to all CRUK subsidiaries, as well as to third parties performing services delegated to them by CRUK. In the case of third parties, this access will be managed in accordance with related contractual terms. Documents and information given to Internal Audit will be handled in the same prudent manner as they are by those employees normally accountable for them.
To ensure the independence of Internal Audit, its personnel report to the Internal Audit Director. Internal Audit will include, as part of its reports to the Audit Committee, a regular report on Internal Audit personnel and their professional experience. In performing its functions, Internal Audit shall have no direct authority over any of the activities it reviews. It shall not design or implement procedures, prepare records or engage in any other activity that it would normally review and appraise and that could reasonably be construed to compromise its independence and objectivity.
Subject to approval by the Audit Committee, Internal Audit has the authority to allocate resources, select audits, determine scopes of work and apply the techniques required to accomplish audit objectives. Internal Audit may obtain necessary assistance from personnel in the Charity where they perform audits, as well as other specialised services from within or outside the Charity, as necessary. Internal Audit must remain free from undue interference by any element of the Charity including in matters relating to audit selection, scope, procedure, frequency, timing and the content, conclusions and opinions of its reports.
All the Charity’s activities, including those of its subsidiaries, fall within the remit of Internal Audit,
including financial and non-financial (‘operational’) systems of internal control and all areas of risk
relating to the Charity’s assets, reputation and sustainability. The work of Internal Audit may also
cover third parties performing services delegated to them by CRUK depending upon contractual arrangements.
Internal Audit should have within its scope the design and operating effectiveness of the Charity’s internal governance structures and processes including (but not necessarily be limited to) the following:
Internal Audit may provide consulting and advisory services to add value and improve the Charity’s operations. Direct responsibility for the design and implementation of new processes and systems is not within the scope of Internal Audit.
It is not the role of the Internal Audit function to prevent or detect fraud; that remains the responsibility of line management. Internal Audit can assist management in the discharge of their responsibilities for fraud management through the provision of independent assurance on the effectiveness of the processes in place to manage the risk of fraud and, where appropriate, to investigate possible incidents of fraud.
In delivering this scope, the Internal Audit function will:
To enable Internal Audit to deliver its responsibilities, CRUK management will:
The Internal Audit review and appraisal process does not in any way relieve other persons in the Charity of the responsibilities assigned to them. Management is responsible for ensuring the adequacy of the design and effectiveness of internal controls. Responsibility for complying with policies and procedures, as well as correcting deficiencies, rests with respective process owners and management.
Internal Audit Charter
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