This explains what materiality means in an audit and why it matters for financial decision-making. The key takeaway is that materiality guides auditors in focusing on misstatements that truly ...

An internal audit measures a company's compliance with external and internal standards. With an checklist for an internal audit of a company, a small-business owner can regularly validate the ...

The updated standards were released in January 2024 as part of the IIA's broader International Professional Practices Framework Evolution project, giving internal auditors a year to familiarize ...

White Paper being prepared to help internal auditor benchmark services Leadership vision inspires IA professionals to adopt best practices: Abdulqader Obaid Ali Young professionals told to embrace ...

Why is Auditing so Important? The food industry has seen unprecedented technological advancements, significantly enhancing operational efficiency and reducing costs. More importantly, these ...

Internal audit functions with highly effective leadership perform better and add greater value to their businesses. The most effective internal audit leaders exhibit these five characteristics. At its ...

Academic research in internal audit provides best practices and pertinent information for external and internal auditors. Below, we summarize recent internal audit research from leading academic ...

As compliance programs must deal with growing amounts of data, they need tools to help separate true risks from background noise. Jose Tabuena examines. How can internal audit support disruptive ...

New, large-scale regulatory obligations such as the Securities and Exchange Commission’s pending climate disclosure rule will open organizations up to a number of new risks, including regulatory ...

Internal auditing is a process that organizations, including nonprofits and businesses of all sizes, use to analyze and improve internal procedures. The scope and frequency of internal audits depends ...