The 3 components of the internal audit value proposition are
Assurance =
governance, risk & control
expressed in broad terms, what the company wants to achieve today
mission statment
conveys what the organization aspires to achieve in the future
vision statement
four categories of business objectives
-strategic
-operations
- reporting
- compliance
the standards for professional practice of internal auditing was approved in what year?
1978
the internal audit professions global voice, standard setter, and resource for resource for professional development and certification
IIA