IIA Proposes Updates to Professional Practices Framework
Image: The Institute of Internal Auditors is reworking its International Professional Practices Framework, including the addition of a mission statement, core principles, and guidance for emerging issues. “After months of careful consideration, we are proposing enhancements we believe make the IPPF more reflective of the profession’s core principles and mission,” ...
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New IIA Framework Pushes Audit Executives to Think Forward
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IIA to Push More Flexible Internal Audit Planning
Image: The Institute of Internal Auditors will unveil an overhaul of its professional practices framework this summer, including a push for audit executives to be more flexible in their audit planning. Whether that means a “rolling audit plan,” contingency funds for surprise risks, or other methods, many say the idea’s ...
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PremiumU.K. financial regulator looks to streamline audit enforcement procedures
Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...