Key Questions for an Audit Committee 2007 Synopsis Although written for the public sector these key questions apply to all audit committees and internal auditing. They provide a ‘prompt’ for all board members, audit committee members and internal auditors. Many of these questions should lead internal auditing in every organization into new and cutting edge resources and practices in the services they provide.

Reproduced with permission from HM Treasury Audit Committee Handbook – Key Questions For An Audit Committee To Ask (2007). www.hm-treasury.gov.uk After Reading the Case Study Consider:

1. How does your internal auditing assist your audit committee in seeking satisfactory answers to these questions?

2. Are there any other questions you would add after reading the previous four case studies?

3. Are you assisting your audit committee members to answer the understandings listed at the end?