Internal Auditors

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1. Internal Auditors are organization's in-house team of auditors.

Notes (1): They are responsible primarily for evaluating the effectiveness of internal control systems and contributing to their ongoing effectiveness by providing advice and support to Executive Management.

Notes (2): In auditing ISO22301, internal audits are referred to as first party audits. Organizations use internal first party audits to audit themselves for internal purposes. This audit need not be conducted in-house as it can be carried out by an external organization. The use of first party audits to declare that the organization complies with the standard. This is called a self-declaration.

Notes (3): An internal audit of the BCMS requires a review of BCM arrangements together with the elements of the management systems.

Related Terms: Audit. First Party Audit, Second Party Audit, Third Party Audit

Similar Term: Auditor; Reviewer; Lead Auditor; External Auditors

BCMBoK Competency Level
BCMBoK 7: Program Management CL 2A: Intermediate (Audit)

(Source: Business Continuity Management Institute - BCM Institute)