International Standards
The International Standards are authoritative guidance for the
internal audit profession from the Global Institute
of Internal Auditors. They are part of the International
Professional Practices Framework.
The International Standards are principles-focused, mandatory
requirements consisting of:
- Statements of basic requirements for the professional practice of internal auditing and for evaluating the effectiveness of performance.
- Interpretations, which clarify terms or concepts within the Statements.
Overview of the International Standards
The purpose, authority and responsibility of internal audit is
defined in a charter that recognises the professional standards and
that is approved by the organisation's governing body and
management.
Internal audit's organisational independence and internal
auditors' objectivity are protected by direct reporting to the
governing body.
Internal auditors undertake work only when they have the
knowledge, skills and other competencies necessary. Professional
qualifications and commitment to ongoing learning are
essential.
The head of internal audit is responsible for creating an ongoing
programme of activities to ensure the quality of internal audit; to
obtain periodic independent confirmation of its quality; and to
strive to improve continuously.
More about attribute standards
Performance of internal audit work
The head of internal audit works with the organisation's
management and other assurance providers to develop and deliver
risk-based plans; and reports plans, performance and significant
issues to the governing body.
Internal audit's scope of work covers evaluating and helping to
improve all aspects of the organisation's governance and system of
internal control, including the management of risk.
Internal auditors plan their work so that it meets its objectives,
particularly agreeing the criteria they will use.
Internal auditors identify, analyse, evaluate and document
evidence, on which to base their conclusions.
Internal auditors communicate the results of their work to
managers and governors who can take action; monitor whether agreed
actions are completed; and discuss with senior management and the
governing body when unacceptable levels of risk are being
taken.
More about performance standards
Glossary
The International Standards use terms that have been given specific meanings that are included in the Glossary.
Attributes of internal auditors and internal audit departments
