Internal Audit

May is Internal Audit Awareness Month, and we want to raise awareness by trying to explain what internal audit is and what it does. In this A-Z, we've listed a word or phrase for every letter of the alphabet from the world of internal audit. Hopefully this provides an insight into the profession, and explains some of the jargon commonly used!

It’s Internal Audit Awareness Month! Yes, they really do get a whole month. Normally, May would be the month of great relief for our internal auditors, as it means that ‘year end’ has finished. As we all know, this year things have been a little bit different. 

We’re aiming to raise awareness of internal audit through a series of posts exploring what audit is, where it came from and why it’s important. 

Scarborough Borough Council is set to join the Veritau group. Veritau provides internal audit, counter fraud, information governance and risk management services to over 500 public sector clients.

Everyone is living in an increasingly digital world. For councils, schools and other organisations, this means:

As part of a series debunking internal audit terminology, we're looking at the three lines of defence. 

The third line defence is defined by the Chartered Institute of Internal Auditors as ‘functions that provide independent assurance, above all internal audit’. 

As part of a series debunking internal audit terminology, we're looking at the three lines of defence.

The Chartered Institute of Internal Auditors defines the second line of defence as ‘functions that oversee or specialise in risk management and compliance’.

Debunking terminology: the three lines of defence in internal audit

As part of a series debunking internal audit terminology, we're looking at the three lines of defence. 

Redcar & Cleveland Borough Council and Middlesbrough Council are set to join the Veritau group. 

Veritau was established in 2009, initially as a partnership between City of York Council and North Yorkshire County Council, and expanded in 2012 when a number of district councils joined the group. Veritau now provides internal audit, counter fraud and information governance services to over 500 public sector clients in the region.