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international standard for auditors

Standard - A professional pronouncement promulgated by the Internal Auditing Standards Board that delineates the requirements for performing a broad range of internal audit activities, and for evaluating internal audit performance.

The purpose of the Standards is to:

1. Delineate basic principles that represent the practice of internal auditing as it should be.
2. Provide a framework for performing and promoting a broad range of value-added internal audit activities.
3. Establish the basis for the evaluation of internal audit performance.
4. Foster improved organizational processes and operations.

1311 - Internal Assessments
Internal assessments should include:
-  Ongoing reviews of the performance of the internal audit activity; and
-  Periodic reviews performed through self-assessment or by other persons within the organization, with knowledge of internal audit practices and the Standards.

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