BG Group Audit Charter Synopsis This Internal Auditing Charter starts with The IIA definition of internal auditing and gives a cutting edge responsibility to review the effectiveness of proposed as well as existing controls
‘    encompassing the Group’s governance, operations and information systems    ’.

Governance systems are given a wide and detailed definition, covering both tangible and intangible assets. Recognition is also given for the need for each internal audit assignment to be resourced with the right levels of skills and experience – ‘In some cases, this resource may be obtained from external providers or from within the business’ – an important cutting edge authority in all charters to ensure that all internal audit teams are appropriately resourced.
Contributed by Andrew Robinson, Head of Group Audit, BG Group plc and with permission from the BG Group plc After Reading the Case Study Consider:
1. Does your internal auditing charter include The IIA definition of internal auditing and recognition of its International Code of Ethics and Standards?
2. What do you include in your reviews of ‘    governance, operations and information systems    ’?
3. Does your internal auditing charter state it is the responsibility of management for‘    identifying and evaluating risks and designing and implementing effective control’
and ‘It has no responsibilities over the operations that it reviews’?
4. Does your internal auditing charter authorize reviews of proposed controls?
5. Does your internal auditing charter mention controls over the safeguarding of ‘intangible’,
as well as ‘tangible’ assets?
6. Does your internal auditing charter mention reviewing compliance with ‘    relevant legislation...’, as well as ‘    policies, plans and procedures    ’?