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The Institute of Internal Auditors Announces Next Steps on Proposed New Global Internal Audit Standards

The IIA’s Standards Board is currently reviewing public comments to inform the continued development of the Standards.

The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – announced the close of the 90-day public comment period for the proposed changes to the International Professional Practices Framework (IPPF), including the International Standards for the Professional Practice of Internal Auditing.

The new draft Global Internal Audit Standards™ and accompanying survey questions were translated and made available in more than 20 languages. Over the course of the comment period, more than 1,600 surveys were completed, representing a globally diverse population.

  • Sixty nine percent of the survey respondents were from regions outside North America.
  • More than 25 percent of the surveys were completed in a language other than English.
  • One quarter of the survey respondents were organizations, with an average of 25 people directly contributing to each organizational survey response and representing 280 individuals on average.
  • Additionally, comment letters were received from more than 60 individuals and organizations.

Read the full article here.