Mike Jacka, 17 July in Internal Auditor Blog
Two cornerstones of internal audit profession — independence and objectivity.
Standard 1100 — Independence and Objectivity. ”The internal audit activity must be independent, and internal auditors must be objective.”
The related interpretation continues this delineation. ”Independence is the freedom from conditions that threaten the ability of the internal audit activity to carry out internal audit responsibilities in an unbiased manner.” ”Objectivity is an unbiased mental attitude that allows internal auditors to perform engagements in such a manner that they believe in their work product and that no quality compromises are made.”
Mike Jacka, CIA, CPA, CPCU, CLU, worked in internal audit for nearly 30 years at Farmers Insurance Group. He is currently co-founder and chief creative pilot for Flying Pig Audit, Consulting, and Training Services (FPACTS).