|Changes in the International Standards for the Professional Practice of Internal Auditing. New Requirements for Internal Audit Functions |
Please join us for a complimentary webinar, Changes in the International Standards for the Professional Practice of Internal Auditing: New Requirements for Internal Audit Functions.
On January 1, 2009, the Institute of Internal Auditors (the IIA) released its revised International Professional Practices Framework.
- Five new Standards have been added
- ‘Should’ has been replaced with ‘must’ throughout most of the Standards
- Additional requirements have been added to existing Standards
Interpretations have been added which incorporate components which were previously part of the Practice Advisories
All Internal Audit (IA) functions should be discussing these changes as well as the incremental actions required to be taken with their management and audit committees.