Internal Audit Manual
Glossary
The Government | Government of the Emirate of Abu Dhabi |
The Executive Council | The Executive Council of the Emirate of Abu Dhabi |
Subject Entity | Any Government department, agency, State Owned Entity or State Owned Subsidiaries |
Senior Management | Is the highest administrative authority found in the Subject Entity (Chairman/Board of Directors, etc.) |
The Audit Committee | The Committee established by the Senior Management of the Subject Entity to oversee audit operations and circumstances |
Departments | Government Departments |
ADAA | Abu Dhabi Accountability Authority (ADAA) |
Internal Auditors | Employees of the Subject Entity’s Internal Audit Function |
External Auditors | Audit firms who are assigned to provide external or internal audit services |
Stakeholders | Every person and/or party with an interest in the Subject Entity, e.g. staff, creditors and clients |
Internal Audit | Is an independent, objective assurance and consulting activity designed to add value and improve organizations’ operations. It helps organizations to evaluate and improve the effectiveness of risk management, control, and governance processes |
The Internal Audit Charter | The Charter that describes the mission, independence and objectivity, scope and responsibilities, authority, accountability and standards of the Internal Audit function at the Subject Entity |
The Audit Committee Charter |