What do the Global Internal Audit Standards consist of?

The Global Internal Audit Standards consist of Domains, Principles, and Standards, which form a comprehensive structure guiding internal auditors worldwide. This framework was developed to enhance the credibility and effectiveness of internal auditing as a profession and provide a common language and principles that can be universally applied.

Domains refer to the broad areas of internal auditing that outline the essential practice elements. Principles serve as foundational beliefs that define the inherent value of the internal audit profession. Standards are the specific requirements that internal auditors must follow in their practice, ensuring consistency, quality, and accountability across different organizations.

This systematic approach in the structure of the Global Internal Audit Standards helps auditors align their processes with recognized best practices, facilitating uniformity in assessments and reporting. The careful delineation within this framework supports auditors in navigating the complexities of internal audit work while promoting trust and confidence among stakeholders.