The audit objectives of the Internal Audit Office are founded on the annual audit plan. The annual audit plan is derived from the City of El Paso Internal Audit Charter and the annual audit plan identifies risks in the areas of:
The Internal Audit Office’s role is further defined in the Institute of Internal Auditors definition of internal auditing:
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Audit objectives are accomplished in accordance with the
Accordingly, within the framework of the City Internal Audit Charter we bring a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and the governance processes.
The International Standards for the Professional Practice of Internal Auditing are the criteria by which the operations of an internal audit office are evaluated and measured. Within the International Professional Practices Framework there are three sets of standards:
Along with these standards are The Code of Ethics which states the principles and expectations governing the behavior of individuals and organizations in the conduct of internal auditing. It describes the minimum requirements for conduct, and behavioral expectations rather than specific activities.
The Code of Ethics states the principles and expectations governing the behavior of individuals and organizations in the conduct of internal auditing. It describes the minimum requirements for conduct, and behavioral expectations rather than specific activities.
Internal auditors are expected to apply and uphold the following principles and rules of conduct: