Internal Audit Agreement

Do you have examples of service plans and service contracts for internal audit services? As noted below, SLAs are used between a department and its key customers/clients. As an internal audit, our main client is the audit committee. We present to the audit committee a preliminary plan identifying areas at risk and our audit plan in these areas. We will then provide updates later this year. Our KPIs are measured in a few ways, first the number of results per audit unit (i.e. the number of audit reports issued), the number of problems by industry and degree of severity (type 1, type 2, etc.), a summary of audits with improved needs or unsatisfactory evaluations, and we did an investigation of the units we audited. The last point is something we do, where we list what we believe, it`s value added and we give them an estimate of what it would have cost them to have outside service (basically, we take 100 x hours), and then they rank us 1-4 on the extent to which they agree/no, that we provided that value. (iii) they acknowledge that: (i) the service is only provided for informational purposes; (ii) the service may contain certain information from other sources around the world; (iii) Risk360 does not guarantee order, accuracy, completeness or news of the service; (iv) the provision of certain parts of the service is subject to the terms of other agreements in which Risk360 participates; (v) none of the information on this site constitutes an invitation, offer, notice or recommendation from Risk360 to purchase or sell security or to provide legal, tax, accounting or investment advice or services regarding the profitability or adequacy of securities or investments; and vi) the information provided on this site is not intended for use or dissemination by a natural or legal person in a jurisdiction or country where such use or dissemination would be contrary to law or regulation. As a result, Risk360, its suppliers, agents, directors, executives, employees, representatives, successors and beneficiaries of the assignment are in no way directly or indirectly responsible to you or any other person for: (a) inaccuracies or omissions of the service, including, but not limited, to financial offers and data; (b) delays, errors or interruptions in the transmission or delivery of the service; or (c) the resulting or resulting losses or damages, or for some reason of non-performance.

So my question for the group is that someone uses SLAs for your internal audit group, and if so, you could give an example for others. I would be willing to create a dedicated page on AuditNet for both internal audit and other departments if there is enough interest. The terms of use and all other terms of use on this site, as well as their successor, represent the entire agreement between you and Risk360 and govern your use of the Service.

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