The Institute of Internal Auditors released an exposure draft of Global Internal Audit Standards (“draft GIAS”).  These standards will affect the Internal Audit profession and all who rely on it – the board, management, investors, and the public.  Here are six areas I suggest for improvement. 

Public interest. objectives of organization:  The draft GIAS mentions “public interest”, including the premise that GIAS are set in the public interest.  This has aroused spirited comments on social media.   (Read More)