OAR 125-700-0150
Internal Audit Independence
(1)
The agency’s Chief Audit Executive reporting position must be at an administrative level that will maximize both independence and objectivity. In most cases, the Chief Audit Executive must report administratively to the agency head or executive designee, and must report functionally to the audit committee.(2)
The Chief Audit Executive must have unrestricted access to decision-makers and decision-making bodies and to the information and employees needed to perform internal audit duties and responsibilities. The Chief Audit Executive must be free to obtain advice and information from sources inside and outside the agency.(3)
The internal auditor(s) must be free of undue influence to limit the audit scope and audit assignment schedule.(4)
The internal audit function must be free of any responsibilities that would impair its ability to make independent reviews of all aspects of the agency’s operations.(5)
A scope limitation, including resource limitations, placed upon an internal audit function that precludes it from meeting objectives must be communicated in writing to the audit committee and, if applicable, agency management, along with its potential effect.
Source:
Rule 125-700-0150 — Internal Audit Independence, https://secure.sos.state.or.us/oard/view.action?ruleNumber=125-700-0150.