OAR 125-700-0145
External Review
(1)
Agency internal audit functions must have an external review to determine whether the function is operating in accordance with professional auditing standards. This review must result in an issued report.(2)
A copy of the external review report will be provided to the audit committee and to the Internal Audit Section of the Oregon Department of Administrative Services with the internal audit function’s annual report.(3)
Agency internal audit functions may have the review performed by an external provider, or may participate in a coordinated effort through the Department of Administrative Services to have a review performed by internal audit staff from other state agencies.(a)
Reviews performed under this coordinated effort must be performed by at least two auditors, and led by an auditor with formal training or experience performing external reviews.(b)
Agency internal audit functions who choose to participate in the coordinated effort must also volunteer time to perform reviews at other agencies.
Source:
Rule 125-700-0145 — External Review, https://secure.sos.state.or.us/oard/view.action?ruleNumber=125-700-0145.