Internal Audit Engagement Opinions


CIPFA has released new insight that considers the use of opinions on engagements completed by internal audit. Under the Public Sector Internal Audit Standards, auditors can include a summary opinion as part of the audit report. The opinion helps stakeholders, such as the audit committee, focus on the audit findings, particularly when significant improvements are required.

There is no standard framework for audit opinions and no common definition. CIPFA's Internal Audit Special Interest Group debated the merits of a common system and compared practice across a wide range of UK public sector internal auditors. The briefing summarises their conclusions and also proposes some common definitions that link to the definition of the scope of internal audit in the Public Sector Internal Audit Standards. A common definition may be of particular benefit where audit committee members receive internal audit reports from more than one source.


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