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Draft Charter

How do I prepare and customise the Internal Audit Charter within the IA Governance app so that it reflects the governance framework and responsibilities of the Internal Audit Function?

The CHARTER | Draft charter page is used to prepare and customise the Internal Audit Charter for the entity. The page opens with a document editor containing predefined content provided as a starting point for the charter. This content is fully editable, allowing users to tailor the charter to reflect the entity’s governance structure, internal audit responsibilities, and applicable professional standards.

Objective

The objective of CHARTER | Draft charter is to enable the Internal Audit Function to prepare and maintain a formal Internal Audit Charter that defines its purpose, authority, and responsibilities within the organisation, ensuring alignment with governance expectations and applicable professional standards.

Page position

CHARTER | Draft charter can be found on the sidebar within the CHARTER module of the IA Governance app.

Page content

The Draft charter page provides a document editor where users can prepare and maintain the Internal Audit Charter for the entity. The editor opens with predefined charter content that can be reviewed, edited, and expanded to reflect the entity’s governance framework and internal audit practices. Users can modify the text directly within the editor, allowing the charter to be tailored to the organisation while maintaining alignment with the Standards and governance principles.

Send for approval

Once customised, Standards requirements embedded, and aligned to organisational requirements, the user can request approval of the Draft Charter by selecting the Send for approval button to the top right-hand side of the drafted charter.

Selecting the Send for approval checkbox will prompt the creation of a new approval task and open up a Create Task dialog which the user must complete.

Note: attach the draft charter that requires approval.

Posting this Task will add it to the My Work | Tasks.

Page outcomes

Using the Draft charter page enables the Internal Audit Function to prepare, customise, and manage the Internal Audit Charter within the IA Governance app. The page supports the development of a charter that reflects the entity’s governance framework and professional standards, while the built-in approval workflow allows the document to be formally submitted for review. When the charter is sent for approval, the system automatically creates a task and notifies the designated reviewer, ensuring that the charter progresses through the appropriate governance approval process and that the approved version of the charter can be formally established.