Internal Audit Impairment

Internal audit impairment occurs when the effectiveness or independence of the internal audit function is compromised. This can happen due to a lack of independence, insufficient resources, limited access to information, or inadequate skills and training of the audit team. Other factors include direct management interference, conflicts of interest, a non-supportive organizational culture, or constraints imposed by external regulations and internal policies. Addressing these issues is essential for maintaining the effectiveness and integrity of the internal audit function.