Integrated Risk-Based Internal Auditing - RBIA (PDF)

Integrated1 risk-based internal auditing aims to deliver increased value through effective, efficient and relevant internal auditing. It does this through a combination of aspects, approaches, and techniques into a single audit while focussing on areas of highest risk to customers, stakeholders, organisation, community and the environment. It is focused on achieving business objectives and an overall sustainable outcome by taking into account the interrelated nature of business areas, risks and the wider environment in which it
functions. It is a powerful approach for ensuring the internal audit activity stays effective and relevant. It is a mindset change, to focus internal audit attention on things that will make the area of focus successful, or that could cause it to fail. It is flexible for each organisation to consider to what extent it will identify and minimise coverage of the less important components of the organisation.
This document presents the Integrated Risk-Based Internal Audit, The Risk-Based approach focuses on the most significant areas to meet the organizational priorities, while balancing resources to ensure that they are efficiently and effectively utilized for assurance activities and provide the greatest benefit to the organizations,

The benefit of this document is to help you in:
1. Identification of the Audit and Evaluation Universe
2. Environmental Scan of the Audit and Evaluation Universe
3. Prioritization of Audit and Evaluation
4. Project Selection and Plan Development