This revised edition has been updated through consultation with past and present users of the IA-CM and global internal audit through audit thought leaders. it reflect leading developments in governance, business and risk management, and the internal audit profession to ensure that it is relevant, useful, practical, and forward-thinking.
The context was revised in detail and revisions were made throughtout, including the detailed key process area (KPAs), to reflect current and evolving professional developement, practices and innovative concepts, including:
- The IIA’s International Professional Practices Framework (IPPF)
- Internal audit’s role and relationship with control and risk functions in an organisation’s three lines of defense.
- The importance of fostering and strengthening internal audit stakeholder relationships.
- Internal audit’s enhanced leveraging of knowledge management systems and information technology.
This revised edition now includes a comprehensive Online Assessment Tool designed to assist internal audit activities and their stakeholders effectively apply the IA-CM. It can be used by senior management, stakeholders, and legislators to evaluate the type of activity and develop a strategy that is appropriate for their organisations or jurisdictions.