Getting the International Standards for the Professional Practice of Internal Auditing right is important, deserving of our attention and support.
Leadership of the IIA and its Standards Board spent much of the last year, with help from dedicated volunteers, working on an update.
It is a major piece of work, involving a dramatic change in the structure of the Standards[1], some revised content (much of it good), and a new name: the Global Internal Audit Standards (GIAS).
Those involved deserve our thanks for their hard work and dedication.
But have they succeeded in giving the profession and its practitioners what is needed?
That is the question I ask.
While the IIA provided a survey that solicited practitioners’ thoughts on each element of the draft, they did not include necessary high-level questions about whether it does what the profession needs.
I polled practitioners to find out. 118 responded (thank you) and I have now closed the survey.
It is time to review what they said. (I have moved most of my related opinions and reflections to footnotes. That doesn’t mean that I don’t think they are important. They are. But I wanted to focus this post on the results of the poll.)
I have included, after summarizing the poll results, a survey by auditors in academia, and a list of feedback by several thought…
