5. Undoubtedly, many non-audit employees at any organization might be initially intimidated at the thought of the establishment of an internal audit department and having to answer questions from internal auditors. What might The Schwan Food Company’s new Chief Audit Executive have done to alleviate these initial fears and concerns? What steps could the new Chief Audit Executive have taken to reduce the “us vs. them” relationship between The Schwan Food Company’s non-audit employees and the staff of internal auditors?
It is critical that an organization’s internal audit be independent. How might a charter ensure this goal is accomplished?
How did The Schwan Food Company’s internal audit charter contribute toward ensuring independence?