The long, informal history of internal auditing is evolving into its own set of best practices, as regulatory obligations push companies to new extremes of compliance, a comprehensive study has found.
Preliminary results from a first-of-its-kind, global review of internal auditing conducted by the Institute of Internal Auditors shows that the group has neatly positioned itself as the leading voice in a fast-growing profession, with 82 percent of respondents saying they follow, at least in part, the group’s International Standards for the Professional Practice of Internal Auditing (Standards).
