The management to whom internal audit activities are reported Person or persons who must answer the report Persons responsible for reviewing activities Persons who will carry out corrective actions The items to be distributed are listed below. In our article if the internal audit activity is carried out using internal resources we will examine how the report will be distributed especially taking into account the practices of our country. Internal audit activity Operating in only one companys internal audit unit Operating in the Holding Internal.
Audit unit under the holding structure Under the with the Holding have a separate internal audit department and operate as the Holdings central audit unit It is possible to talk about three different situations. To explain in order In the first case Internal audit B TO B Database reports are distributed to the companys Board of Directors the Audit Committee if any and the companys General Manager. The General Manager of the Company also shares reports with the relevant managers in line with their responsibilities. In the second case Since the Internal Audit Department operates under the Holding Board of Directors and acts in line with the annual audit plan approved by the Holding Board of Directors report distribution is sent to the Holding.
Board of Directors the Audit Committee if any and the Group Presidency to which the audited company is affiliated if any. or to the General Manager of the company with a similar management level. On the other hand in practice with the decision of the Chairman of the Holding Audit Committee andor the Head of the Audit Department from time to time different management levels e.g. Group CFO etc. are informed about whether the necessary precautions have been taken informing etc. Reports can be distributed for different purposes. The important issue at this stage is whether the report will be distributed to the Board of Directors of the audited company.