Standards

As we conclude this chapter about the audit process, it is important to note that there are standards for the audit profession that should be adhered to as each company develops its audit process. On the website for the Institute for Internal Auditors (IIA) (http://www.theiia.org), you can find the International Standards for the Professional Practice of Internal Auditing. These standards should be reviewed and incorporated into your audit process. In addition, on the same website you will find the Code of Ethics for the auditing profession, which explains the requirements for integrity, objectivity, confidentiality, and competency as they apply to auditing.