It is in this context that the global guild of internal auditors, brought together by The Institute of Internal Auditors, has collectively given voice to a bold approach: establishing standards of action that elevate the profession to levels not seen before. These standards are daring and seek to ensure that this professional is one step ahead of the innovation dynamics of the company in which he works.
The main challenges that these performance standards manifest can be summarized in five elements:
1. He purpose of internal audit It evolves to, in addition to including aspects such as value creation and protection, now add sustaining said value and improving the organization’s ability to serve the public interest.
2. To fully fulfill its full potential, the governance that supports the work of the internal auditor in the company must be precisely defined through the essential conditions detailed in the standards.
3. Like the rest of the areas that make up the company, the internal audit must establish a strategy that begins with a five-year vision of itself, defining the different initiatives that will bring it closer to it.
