Auditing Gets More Standardized

A survey of internal auditors around the world found increasing adherence to standardization and a growing impact on organizational governance and risk management.

The study from the Institute of Internal Auditors polled 9,300 internal auditors in 91 countries. It found that 82 percent follow, at least in part, the International Standards for the Professional Practice of Internal Auditing.

The study also found that 80 percent of internal auditors expect to work more in the area of risk management and 63 percent in governance. Auditors perceive internal audit activities as effective and adding value to their organizations, rating the activities at an average of 4 on a scale of 1 to 5.

A complete report on the survey results will be available in October. The group plans to survey its members every three years.

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