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About the Profession

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Performed by professionals with an in-depth understanding of the business culture, systems, and processes, the internal audit activity provides assurance that internal controls in place are adequate to mitigate the risks, governance processes are effective and efficient, and organizational goals and objectives are met.

Evaluating emerging technologies. Analyzing opportunities. Examining global issues. Assessing risks, controls, ethics, quality, economy, and efficiency. Assuring that controls in place are adequate to mitigate the risks. Communicating information and opinions with clarity and accuracy. Such diversity gives internal auditors a broad perspective on the organization. And that, in turn, makes internal auditors a valuable resource to executive management and boards of directors in accomplishing overall goals and objectives, as well as in strengthening internal controls and organizational governance.

Seems like a lot to ask from one resource? Maybe for some, but for internal auditors — it’s all in a day’s work.

Definition of Internal Auditing

According to the Definition of Internal Auditing in The IIA's International Professional Practices Framework (IPPF), internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Internal Auditor Competency Framework

Compiled by subject matter experts and volunteers, The IIA's competency framework outlines the minimum level of knowledge and skills needed to effectively operate and maintain an internal audit function. Learn more.

Internal Audit Profession Resources

For newcomers to the profession of internal auditing as well as experienced practitioners who want to promote the profession and its role in the success of an organization, the following resources are ideal for elevating the profession, enhancing professionalism, and building awareness.

For more information, contact pr@theiia.org.

Downloads and Links

The Basics

All in a Day's Work
A look at the varied roles of internal auditors

Adding Value Across the Board
How internal auditing contributes to strong corporate governance

Frequently Asked Questions About the Internal Audit Profession

For Governing Bodies

Value Proposition: Internal Auditing's Value to Stakeholders

The Value of Internal Auditing for Stakeholders
How internal auditing provides assurance, insight, and objectivity to audit committees and boards of directors

The Audit Committee: Internal Audit Oversight
 Implementing best practices and high standards

Standards and Professionalism

Authoritative Guidance
Overview of the IPPF and its mandatory and strongly recommended components

What Does it Take to Be a Professional?
Internal auditing related to professionalism in ethics, standards, and certification

Tone at the Top

The IIA's Tone at the Top newsletter provide information and guidance for executive management, boards, and audit committees.