The Audit Universe

Posted on Jun 27, 2011

Conventional wisdom and common practice have resulted in the development of the … drum roll please … audit universe — the starting point for internal audit plan development. The audit universe is the sandbox in which internal auditors play. It represents all things (lines of business, subsidiaries, alliances, and processes) that are considered “auditable” by internal audit teams. It is a big list, and we measure coverage against this list. Math can get a little tricky, but we forge forward nonetheless.

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