Domain I: Purpose of Internal Auditing
The internal audit function is perceived as adding value and helping our bank accomplish its objectives.
Domain II: Ethics and Professionalism
2. Internal audit staff are aware of and conform with the Standards requirements related to ethics and professionalism.
3. Our internal audit function has a policy to report any perceived or actual impairments to the objectivity of the auditors.
4. Internal audit management provides me with opportunities to keep up to date with changes in our business, our industry, and relevant regulations.
5. Our assurance and advisory engagements provide staff with opportunities to develop knowledge of key business processes.
6. I have sufficient knowledge of key IT risks and controls to perform my audit engagements.
7. I have sufficient knowledge of fraud to identify "red flags" indicating possible fraud when planning and performing audit engagements.
8. I have ample opportunity to enhance my knowledge and competencies through a variety of means.
9. Internal audit management provides me with ample opportunities to develop skills and knowledge that improve me as a professional and advance my career.
10. My performance is reviewed on a regular and sufficiently frequent basis, the criteria used are adequate, and the reviews are meaningful and helpful.
11. Internal audit management encourages and supports staff in obtaining appropriate professional certifications.
12. Our internal audit function is viewed as a valuable developmental assignment by individuals from other parts of our bank.
13. The internal audit function effectively promotes appropriate ethics and values within our bank as demonstrated by our actions and communications.
14. The internal audit function does not experience any undue influence to change its conclusions or remove audit issues from a report.
Domain III: Governing the Internal Audit Function
15. Internal audit personnel have unrestricted access to records, information, locations, and employees during the performance of their engagements.
16. The Chief Internal Auditor effectively promotes the value of the internal audit function within the bank.
Domain IV: Managing the Internal Audit Function
17. Internal audit management has established methodologies that clearly guide the operation of the function.
18. Engagement supervisors effectively collaborate with staff to complete engagements in a timely manner.
19. I receive appropriate, timely, and constructive feedback regarding my performance on engagements.
20. Internal audit management has communicated meaningful performance objectives and measured progress towards them periodically.
21. Internal audit management includes the staff in the annual audit risk assessment and plan development process.
22. The internal audit function uses technology, analytics, and automation to make its audit process effective and efficient.
Domain V: Performing Internal Audit Services
23. Internal auditors develop and document engagement objectives based on an assessment of risks relevant
to the activity under review, including common, pervasive risks like fraud and cybersecurity.
24. Engagement supervisors exhibit sufficient project management and organizational skills to complete assurance and advisory engagements timely.
25. The internal audit function collectively uses sufficient technology to facilitate data collection, analysis, and collaboration during engagements.
26. Internal audit personnel demonstrate effective conflict resolution and negotiating skills.
27. The internal audit function adequately assesses the effectiveness of governance processes, including ethics-related programs and activities.
28. The internal audit function adequately assesses the effectiveness of risk management processes.
29. The internal audit function collectively possesses the competencies to assess the design and implementation of the bank's internal controls.
Open-ended
30. What are the strengths of the internal audit function? What would you like to see the function continue doing or expand upon? What new
areas or services should be considered?
31. What are enhancement opportunities for the internal audit function? What things would you like to see them stop doing?
32. Please provide any additional comments on the quality of the internal audit function, the Chief Internal Auditor, or the internal auditors.
Survey complete! Thank you for you time.