WHY CONFORMANCE MATTERS

Meeting Internal Audit Standards Key to Providing True Assurance

Introduction
Internal  auditing  is  conducted in  diverse  legal  and  cultural  environments  for organizations that vary in purpose, size, complexity, and structure, and by persons within or outside the organization. Yet, no matter the environment, internal auditing is a critical component of effective governance and organizational success.

To best serve the organization and inspire stakeholder confidence, internal audit must
operate at  the  highest  level  of  ethical  and  professional  competencies  to ensure  consistent and  accuratedeliveryof  risk-based  and  objective assurance, advice  and  insight.  Internal  audit  is  most  effective  when  its  resource  level,
competence, and structure are aligned  with organizational strategy, and when it follows the International Professional Practices Framework(IPPF) promulgated by The Institute of Internal Auditors (IIA)1. 

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