Our policy agenda

"Without the adequate, consistent and effective operation of internal audit policy principles, New Zealand corporate and public sector organisations may be exposed to unnecessary risks, underperformance, confusion and market inefficiencies." IIA NZ Policy Agenda

Our Policy Agenda is a clear statement of principles to define and inform on the role and importance of high quality governance, internal audit, risk management and controls. It was launched in September 2012.

IIA NZ key policy principles:

  • Internal Audit is fundamental to good governance.
  • Organisations should have a strong and effective audit committee.
  • Reporting lines for the head of internal audit should be appropriate.
  • Management should have clear accountability for risk management and internal control.
  • Internal audit should operate at a consistently high standard.

Advocacy for the agenda

Five lead and five support Relationship managers have been appointed from our membership to work with five stakeholder clusters to promote internal auditing and the profession. The names of relationship managers and the stakeholder groups they're working with are available to members in our Member area.

Our Policy Agenda is a long term initiative and we will report on progress and achievements through our annual reports.

Resources

  • The Principles in Practice details how some New Zealand organisations and individuals are using the IIA NZ policy principles. These include Air New Zealand, the Ministry of Justice, the Ministry for the Environment and Telecom.