| Approach to internal audit
| Transaction based; compliance focus
| Risk based and business oriented; valuable resource for the business. |
| Perception of internal audit | Problem finders, policing transactions & activities | Solution seekers. |
| Relationships between clients and auditors | Relationships between clients and auditors | Promote partnerships; create trust through knowledge sharing. |
| Communication levels | Communicate with management only in the form of reports | Open and frequent communications with staff at all levels.
Encourage staff to “seek help” from SSVS staff. |
| Outcomes | Errors in transaction | Results oriented
Achievement of strategic objectives
Assurance of adequacy and integrity of internal controls. |
| Knowledge transfer | Inconsistent | Skills transfer to staff. |