The role of internal auditing within organisations is to assess and determine the extent to which the design of governance, risk management and internal controls structures and processes is logical, efficient and cost-effective (i.e. whether GRC structures and processes are adequate), and whether the GRC structures and processes assessed as adequate are utilised effectively by the organisation to:

  • Formulate and achieve sound strategic objectives;
  • Generate, process and report reliable and credible financial and operational information;
  • Effectively, efficiently and economically achieve performance targets for operations and programmes;
  • Safeguard organisational assets; and
  • Comply with laws, regulations, policies, procedures, and contracts.

According to the Institute of Internal Auditors (IIA), an internal audit function can only achieve the

above if it carries out its work in conformance with the International Professional Practices Framework (IPPF). Achievement of all the mandatory components of the IPPF will enable an internal audit function to realise the Mission of Internal Audit – which is to enhance and protect organisational value by providing risk-based and objective assurance, advice, and insight.


Conformance with IPPF

Internal Audit Functions (IAF) are required to conform with the mandatory components of the International Professional Practices Framework (IPPF) of the Institute of Internal Auditors. Failure to conform may result in the IAF obtaining a “Does Not Comply” rating, which would mean that the IAF may not state anywhere in its documents that it’s work meet the mandatory requirements of the IPPF.

Adding value and staying relevant

For the IAF to be regarded as relevant and not as just another avoidable cost, it must enhance and protect organisational value in a visible and measurable way. The CAE must be able to demonstrate how the IAF add value and show that value added by the IAF exceeds the cost incurred by the organisation to support the IAF.

Professional internal audit skills

In order to add measurable and undisputed value, members of the IAF should be proficient in the professional practice of internal auditing and also possess the relevant industry knowledge. The IAF should also have access to specialised internal audit skills without having to incur excessive costs that may result from securing such skills.


SkX’s Internal Audit Value Optimisation (IAVO) services help unlock the value of our clients’

internal audit function; increases the influence the client’s function has on their organisation’s strategies, stakeholders, operations and performance; enhances their function’s reputation as a Trusted Advisor; and earns them a seat at the strategy table.

We achieve this through the following key service areas:

  • Maturity Assessments
  • Trusted Advisor Support

Product Lead – Internal Audit:

Tlamelo Ramantsi


  • CA (SA)

Email: or

Contact Number: 011 797 6800

Internal Audit:

Zoliswa Ntombela


  • CIA
  • CCSA
  • B. Compt

Email: or

Contact Number: 011 797 6800