What is the focus of Performance Standards in internal auditing?

The focus of Performance Standards in internal auditing is to describe the nature of internal auditing and provide evaluation criteria. These standards help guide internal auditors in their work, ensuring that the auditing process is both effective and efficient. They establish the principles and criteria that internal audits must meet to achieve quality and consistency in their evaluations. This includes aspects such as the auditor's responsibilities, the engagement process, and how to assess the quality of audit work. By adhering to these standards, internal auditors can ensure that their work meets the necessary benchmarks for professionalism and effectiveness within the organization. This focus on defining quality and evaluation criteria is crucial for fostering trust in the audit process and ensuring that the internal audit function adds value to the organization.