The Institute of Internal Auditors (IIA) announced today adoption of changes to the Standards for the Professional Practice of Internal Auditing (Standards). The revised Standards go into effect Jan. 1, 2017.
The most significant changes reflect the evolving roles and responsibilities of the Chief Audit Executive (CAE). Two new standards acknowledge evolving demands on the CAE and the resulting potential for impairment to objectivity. Other changes to the Standards focus on aligning with the 10 Core Principles, introduced as part of last year’s update to The IIA’s International Professional Practices Framework (IPPF).
Read the news release