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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorStandards and GuidanceBreadcrumb Separator2016 Standards Exposure

Thank You for Being Part of the Change

The Standards Exposure Results

Practitioners around the world weighed in on the proposed changes to the International Standards for the Professional Practice of Internal Auditing (Standards).The proposed Standards were approved and the update, effective January 1, 2017, includes:

Two new standards, pertaining to:

  • The reality that CAEs are sometimes asked to take on risk management, compliance, or other roles beyond internal auditing.
  • The potential objectivity-impairing situation in which an internal audit activity performs an assurance engagement after previously consulting in the area.

 Alignment of the Standards to the Core Principles:

  • Modifications primarily focus on the following two Core Principles, “Aligns with the strategies, objectives, and risks of the organization,” and “Is insightful, proactive, and future-focused.”

Updates to existing Standards:

  • Communications: Summarize in one standard the required communications from the CAE to the board and senior management.
  • QAIP: An enhanced annual requirement for CAEs to report on their quality assurance and improvement program and current level of conformance.

The 2016 Standards Exposure Results/Comment

The proposed changes to the Standards had a 90-day exposure period from February 1, 2016 to May 30, 2016. During the exposure period, the IIASB received 1,144 responses from individuals and organizations around the world. Please see summary from the IIASB.

Message from the Standards Board

As part of The IIA’s quest to build greater transparency into its standards-setting processes, the IIASB issued survey results and the disposition table, which document overall results, key comments received during the last exposure period, and actions taken by the IIASB as a result of that input. 

Survey Results

Disposition Table

IIASB Standards Exposure Disposition

While we are no longer accepting comments via the online survey, you are welcome to access the draft of the proposed revisions to the Standards for your reference.

Markup Version – Proposed Changes to the Standards

If you have further questions, please contact guidance@theiia.org.

​Webinar

What You Need to Know About the Revised Standards

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