Is objective and free from undue influence (independent).Īligns with the strategies, objectives, and risks of the organization. The Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing The Core Principles of Internal Auditingĭemonstrates competence and due professional care. "Determine" is used when a member is to arrive at a conclusion and make a decision. The Association of Independent Certified Public Accountants (AICPA) Professional Standards uses "consider" when the member is required to think about various matters, whereas "evaluate" is used when the member is to asses and weigh the importance of the matter. Internal Audit will adhere to Southern Oregon University’s relevant policies and procedures, but in the event of conflicting direction, the Standards shall prevail. The IIA's Practice Advisories, Practice Guides, and Position Papers will guide operations as applicable. Internal Audit utilizes the Committee of Sponsoring Organizations of the Treadway Commission (COSO) control framework(s), Internal Audit’s procedure manual, and when required and not otherwise in conflict with the Standards, the Generally Accepted Government Auditing Standards (“Yellow Book”). Internal Audit operates within The Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing (“Standards” or “Red Book”) including the IIA’s Definition of Internal Auditing, Code of Ethics, Rules of Conduct and Quality Assurance Improvement Program.
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