Overhauling Internal Audit Standards.

• Position: Brief Article

Revolutionary changes in the auditing profession in recent years are included in the newly published Standards for the Professional Practice of Internal Auditing, released by the Institute of Internal Auditors. New standards support the new assurance, consulting, risk management and governance roles set forth in the recently broadened definition of internal auditing and reflect wisdom gained from the IIA Research Foundation's landmark global research, the Competency Framework...