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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorStandards and GuidanceBreadcrumb SeparatorResponses to Regulators and Oversight Bodies

​Responses to Regulators and Oversight Bodies

View The IIA's responses to exposure drafts and requests for comment from other organizations.


​Date Organization​ Response​
​06-Aug-2019 ​US Senate Committee on Finance Response to Support for S.379
​05-Aug-2019 ​City of Brownsville, TX Response to Restoration of City Oversight and Audit Committee
​01-Aug-2019 ​AASB Response to Auditing Assurance Standards Board Exposure Draft on Assurance and Related Services Guidelines 50
​20-June-2019 ​IESBA Response to International Ethics Standards Board for Accountants on proposed revisions to Part 4B of the Code to Reflect Terms and Concepts Used in ISAE 3000 (Revised).
​20-June-2019 ​IAASB Feedback on draft guidance for applying ISAE 3000 (Revised) to extended external reporting (EER) assurance engagements.
​04-June-2019 ​IAASB Feedback on IAASB consultation paper Proposed Strategy for 2020-2023 and Work Plan for 2020-2021​
​20-May-2019 ​Department of Justice DOJ Criminal Division Guidance Document - Evaluation of Corporate Compliance Programs
​10-May-2019 ​Glendale, Arizona City Council Ordinance No. 019-43 -- Eliminating the office of City Auditor
​29-April-2019 ​OECD Working Group on Bribery should add internal audit to the OECD's 2009 Anti-bribery Recommendation
​24-April-2019 ​INTOSAI Response to Supreme Audit Institution guidance on auditing information systems and security
​27-March-2019 ​ICAI Response to the Institute of Chartered Accountants of India Exposure Drafts of Standards for Internal Audit
​27-March-2019 ​INTOSAI Response to the INTOSAI Working Group on Key National Indicators exposure draft on development and use of key national indicators.
22-Feb-2019​ ​INTOSAI–WGVBS Guidance for Supreme Audit Institutions on issue of Sustainable Development Goals (SDGs)


Date​ ​Organization ​Response
​1-Nov-2018 ​IAASB Response to the International Auditing and Assurance Standards Board’s Proposed International Standards on Auditing 315 (Revised)
​15-Aug-2018 ​IESBA ​International Ethics Standards Board for Accountants (IESBA) response
19-July-2018​ IOSCO​​​ International Organization of Securities Commissions (IOSCO) Response regarding consultation report Good Practices for Audit Committees in Supporting Audit Quality.​​
​26-Feb-2018 ​Federal Reserve Response to Proposed Guidance Clarifying Expectations Related to Risk Management for Large Financial Institutions
​08-Feb-2018 Monitoring Group​ Response to Monitoring Group Consultation on Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest
​16-Jan-2018 ​ICAI Response to ICAI Exposure on Framework and Standards on Internal Audit and Framework Governing Internal Audit


​Date ​Organization ​Response
​18-Dec-2017 ​SASB Response to SASB Exposure Draft Standards
0​9-Oct-2017 ​Federal Reserve Response to Proposed Guidance on Supervisory Expectation for Boards of Directors
​23-Aug-2017 ​SEC ​Response to SEC Auditor's Report
​26-June-2017 U.S. (GAO) 2017 Updates to Generally Accepted Government Auditing Standards ("Yellow Book")
​31-May-2017 INTOSAI​ Response to Liaison with External Stakeholders
​29-April-2017 ​IIRC International Framework Implementation Feedback
​16-Jan-2017 OCC Enhanced Cyber Risk Management Standards


​Date ​Organization ​Response
​7-Dec-2016 ​AICPA AICPA's Cybersecurity Risk Management Initiative
​26-Sept-2016 ​COSO Enterprise Risk Management — Aligning Strategy and Performance
​3-Aug-2016 ​INTOSAI New INTOSAI Framework of Professional Pronouncements
​18-May-2016 King IV​ Response to the King IV Corporate Governance Code
​13-May-2016 ​Environmental Protection Agency Risk Management Programs Under the Clean Air Act
​1-Feb-2016 ​INTOSAI Response ISSAI 30 Code of Ethics


​Date ​Organization ​Response
​2-Nov-2015 ​U.S. Congress H.R. 3557, FSOC Transparency and Accountability Act
​7-Oct-2015 ​INTOSAI ​ISSAI 3000, 3100, & 3200 Performance Audit Standards
​21-Sept-2015 ​INTOSAI ISSAI 4000 Compliance Audit Standard
​8-Sept-2015 ​SEC Concept Release: Possible Revisions to Audit Committee Disclosures
​4-Sept-2015 ​IFAC Non-Compliance with Laws and Regulations
​5-Aug-2015 U.S. Congress​ IIA Statement to Senate Judiciary Committee
​3-June-2015 U.S. Congress​ ​IIA Statement, “Watchdogs Needed: Top Government Investigator Positions Left Unfilled for Years”
​9-Jan-2015 Basel Committee on Banking Supervision​ Corporate Governance Principles for Banks
​4-Jan-2015 ​OECD OECD Principles of Corporate Governance IIA Comments


​Date ​Organization ​Response
​5-Dec-2014 ​International Integrated Reporting Council IIA Comment Letter—IIRC Assurance on IR Discussion
​22-Sept-2014 ​US Congress HR 5492, The Inspector General Empowerment Act of 2014
​15-Sept-2014 ​US Department of Defense Comment letter to proposal to amend Defense Federal Acquisition Regulations Supplement
​10-Sept-2014 ​US Congress The IIA’s Written Statement, House Oversight & Government Reform Committee
​28-March-2014 ​OCC ​OCC Proposed Guidelines Establishing Heightened Expectations for Large Banks
​31-Jan-2014 ​FSB FSB Risk Culture


​Date ​Organization ​Response
​31-Dec-2013 ​ISACA ISACA IS Audit and Assurance Exposure Documents
​6-Dec-2013 ​NAIC Proposed Revisions to Incorporate an Internal Audit Function Requirement into NAIC Model
​25-Nov-2013 ​U.S. GAO ​GAO 2013 Exposure Draft Standards for Internal Control in the Federal Government
​30-Sept-2013 ​FSB FSB Principles for an Effective Risk Appetite Framework
​16-Sept-2013 ​IFAC/CIPFA Good Governance in the Public Sector – Consultation Draft for an International Framework
​29-July-2013 ​SEC New York Stock Exchange - Internal Audit Requirement
​12-July-2013 ​IIRC Consultation Draft of the International Framework
​12-July-2013 ​AICPA Proposed SAS - Using the Work of Internal Auditors
​8-July-2013 ​U.S. Congress ​H.R., Audit Integrity and Job Protection Act
​26-June-2013 ​INTOSAI ​Response to Exposure Draft ISSAI 5700 Guideline for the Audit of Corruption Prevention in Government Agencies
​21-June-2013 ​Basel Committee ​Response to the Basel Committee on Banking Supervision Consultative Document – "External audits of banks"
​3-June-2013 ​U.S. Congress "​The Unintended Consequences of Dodd-Frank’s Conflict Minerals Provision"
​30-April-2013 ​IFAC Exposure Drafts ED 2 & 3, Conceptual Framework for Public Sector Entities
​12-April-2013 ​Chartered Institute of Internal Auditors Chartered Institute of Internal Auditors Consultation Document: Effective Internal Audit in the Financial Services Sector ("the Consultation Document")
​28-March-2013 ​NASDAQ NASDAQ Notice of Filing of Proposed Rule Change to Require That Listed Companies Have an Internal Audit Function
​25-March-2013 ​FFIEC Social Media: Consumer Compliance Risk Management Guidance
​​14-March-2013 ​​IFAC ​Response to the International Auditing and Assurance Standards Board (IAASB) Exposure Draft - "The Auditor's Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor's Report Thereon"
15-Feb-2013 INTOSAI ​ISSAI 100 – 400: Fundamental Principles of Public Sector, Financial, Performance and Compliance Auditing - Cover Letter and Comments


Date​ ​Organization ​Response
​28-Dec-2012 ​ISACA ​Response to the Information Systems Assurance and Control Association (ISACA) - Invitation to Comment (ITC) - "IT Audit and Assurance Standards"
​15-Dec-2012 ​IESBA ​Response to the International Ethics Standards Board for Accountants (IESBA) Exposure Draft, Responding to a Suspected Illegal Act
​4-Dec-2012 ​COSO ​COSO Internal Control - Integrated Framework - Internal Control Over External Financial Reporting: A Compendium of Approaches and Examples (ICEFR), September 2012
​8-Oct-2012 ​IAASB ​Response to the International Auditing and Assurance Standards Board (IAASB) - Invitation to Comment (ITC) - "Improving the Auditor's Report" - Cover Letter and Appendix A
26-July-2012​ U.S. Congress​ IIA Statement to House Committee on Financial Services
25-May-2012​​ IFAC​​ Response to the International Ethics Standards Board for Accountants (IESBA) – Exposure Draft, Proposed Change to the Definition of "Engagement Team"
31-Mar-2012​ COSO COSO Draft Update of Internal Control – Integrated Framework - Comment Letter​
2-Mar-2012​ ​Basel Committee ​Base Internal Audit Function in Banks - Comment Letter
29-Feb-2012​​ PCAOB​​ PCAOB Communications with Audit Committees​ - Comment Letter
​29-Feb-2012​​ ​IFAC​​ ​IFAC Evaluating and Improving Internal Control - Comment Letter and Appendix A​
15-Feb-2012 ICGFM ICGFM’s comments on IPSASB Exposure Draft No. 46, Reporting on the Long-Term Sustainability of a Public Sector Entity’s Finances


Date​ ​Organization ​Response
14-Dec-2011​ ​IIRC ​Response to the International Integrated Reporting Committee (IIRC) – “Discussion Paper on Towards Integrated Reporting – Communicating Value in the 21st Century” - Cover Letter and Appendix A
14-Dec-2011​ ​PCAOB Response to the Public Accounting Oversight Board (PCAOB) – “Concept Release on Auditor Independence and Audit Firm Rotation” - Cover Letter and Appendix A and B
30-Sep-2011​ PCAOB​ Response to the Public Company Accounting Oversight Board (PCAOB) - Concept Release on Possible Revisions to PCAOB Standards Related to Reports on Audited Financial Statements and Related amendments to PCAOB Standards (Ref Docket matter No.34)​ - Cover Letter and Attachment A
16-Sep-2011 ​IAASB Response to the International Auditing and Assurance Standards Board (IAASB) - "Enhancing the Value of Auditor Reporting: Exploring Options for Change"​ - Cover Letter and Attachment A
22-July-2011​ EU​ Response to the Green Paper "The EU Corporate Governance Framework"​ - Cover Letter and Attachment A
4-April-2011​ IAASB​ Proposed Strategy and Work Program for 2012-2014



Date​ Organization ​Response
17-Dec-2010​ SEC​ Proposed Rules for Implementing the Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934 (File Number S7-33-10)
8-Dec-2010​ European Union​ Response to the Green Paper "Audit Policy: Lessons from the Crisis"​
18-Nov-2010​ Government Auditing Standards​ Government Auditing Standards - 2010 Exposure Draft​
12-Nov-2010​ ISA​ Richard Chambers cover letter on Proposed Revisions to ISAs 315 and 610​
7-Sept-2010​ PCAOB​ Docket 028: Proposed Auditing Standard Related to Confirmation and Related Amendments to PCAOB Standards​
13-July-2010​ International Federation of Accountants (IFAC)​ 2010-2012 proposed business strategy and work plan of the Professional Accountants in Business (PAIB) Committee ​
15-June-2010​ International Federation of Accountants (IFAC)​ 2010-2012 proposed strategy and work plan of the International Ethics Standards Board for Accountants (IESBA)
4-June-2010​ Basel Committee​ Consultative Document - Principles for Enhancing Corporate Governance issued by Basel Committee on Banking Supervision​
27-May-2010​ PCAOB​ PCAOB Rulemaking Docket Matter No. 030, Proposed Auditing Standard Related to Communications With Audit Committees and Related Amendments to Certain PCAOB Auditing Standards - Cover Letter and Attachment A
3-May-2010​ ISACA​ Monitoring of Internal Controls and IT​
27-April-2010​​​ India Ministry of Corporate Affairs​​ Corporate Governance Voluntary Guidelines 2009 - Appointment of the Internal Auditor
15-April-2010​ INTOSAI​ ISSAI 40 - Quality Control for SAIs - Cover Letter and Attachment A
15-April-2010​ INTOSAI​ ISSAI 3100 - Performance Auditing Standards - Cover Letter and Attachment A
25-Feb-2010​ Zambia Institute of Chartered Accountants​ Practice Guide Note No. 2​
18-Feb-2010​ PCAOB​ PCAOB Rulemaking Docket Matter No. 026: Proposed Auditing Standards Related to the Auditor’s Assessment of and Response to Risk