Audit Board Exposes Revisions and Additions to Standards

The Institute of Internal Auditors’ (IIA’s) Internal Audit Standards Board (IASB) is exposing proposed changes and additions to the International Standards for the Professional Practice of Internal Auditing. The IASB is seeking further input to ensure the standards are clear, understandable, and consistent with the practice of internal auditing. The exposure period will end on May 14, 2010.
 

The IASB notes that the public’s input is vital to ensure a comprehensive global perspective from internal audit practitioners and stakeholders about the impact the proposed changes and additions will have on the internal audit profession. After considering all the comments received, the IASB may modify the proposed changes before releasing the final revised standards.

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