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Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
Financial Regulations, effective 1 November 2008
Regulation 30 – Internal Audit
§1. There shall be a Director of Internal Audit who shall report directly to the Secretary-General. The Secretary-General appoints and terminates the appointment of the Director of Internal Audit, with the consent of Council and in light of the opinion of the Audit Committee. The Director of Internal Audit shall serve for a maximum single term of five years.
§2. By adhering to the International Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors, Internal Audit shall provide the Secretary-General with an independent and objective assurance and advisory activity designed to add value and improve the Organisation’s operations. It shall help the Organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
§3. The annual programme of work of Internal Audit, including performance audits, shall be determined by the Secretary-General and the Director of Internal Audit.
§4. The Director of Internal Audit shall report audit findings to the attention of the managers of the Organisation, who need such information to rectify deficiencies and to ascertain the extent to which recommendations have been implemented.
§5. An annual report to Council shall be prepared by the Director of Internal Audit.
§6. Under the authority of the Secretary-General, Internal Audit shall have operational independence in the conduct of its duties. It shall have the authority to initiate, carry out and report to the Secretary-General on any matter which it considers necessary to fulfill its mandate and objectives and shall have access to the Organisation’s activities, records, property and personnel. It shall have direct and free access to the Audit Committee.
Reporting of fraud, corruption or misuse of the organisation’s resources
In the event an individual becomes aware of fraud, corruption or misuse of the Organisation’s resources, s/he must bring it to the attention of the Secretary-General either directly or through a director or head of service, the Director of Internal Audit or the Executive Director.
Internal Audit
Tel: 33 1 45 24 84 77
Bookmark this page: www.oecd.org/internalaudit.
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