Internal Control Task Force
Organization & Staffing Workgroup
Guidance on organizational placement and independence
This subcommittee establishes guidance on the internal audit unit's placement within its organization, including criteria for what constitutes reporting “to the head of the agency” as used in the Act. The group issues guidance on issues affecting independence, including assignment of management functions and other incompatible duties. The group considers not only the Act and the audit standards, but also the potential to incorporate some of the principles embodied in the Sarbanes Oxley legislation that applies to publicly listed companies. Study findings are shown here .