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Guide to Internal Audit

Guide to Internal AuditFrequently Asked Questions About Developing and Maintaining an Effective Internal Audit FunctionSecond EditioniGuide to Internal Audit | FAQsTable of ContentsIntroduction ..1 The Internal Audit Profession ..31. What is Internal auditing? ..32. How is the Internal Audit profession regulated? ..33. Is continuing professional education (CPE) required for Internal auditors? ..44. Are Internal auditors required to be certified? ..45. Are there professional standards that govern the practice of Internal auditing? ..46. Are Internal Audit functions required to follow The IIA Standards? ..57. What are The IIA Practice Advisories? ..58. What jurisdiction do the SEC and the PCAOB have over Internal auditors? ..59. Can existing employees become Internal auditors? ..610. What personal qualities, knowledge and skills should Internal auditors possess?

impact on internal audit functions. Given these and other changes, as well as the many lessons learned since the enactment of Sarbanes-Oxley in 2002, we decided our clients and the business community could benefit from a

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