Topic 3: Determine Availability of Required Knowledge, Skills and Competencies

CAE must ensure that auditors assigned to an internal audit activity have the requisite ability to proficiently execute an independent, objectivity assurance or consulting activity.

Distinction among proficiency, understanding and appreciation:

• Proficiency means the ability to apply knowledge to situations likely to be encountered and to deal with them appropriately without extensive recourse to technical research and assistance.
• An understanding means the internal auditor is able to apply broad knowledge to situations likely to be encountered.
• An appreciation means the ability to recognize the existence of problems or potential problems and to identify the additional research to be undertaken or the assistance to be obtained.