Internal auditors are guided by professional standards known as:
A) the SOX Act.
B) the Attribute Standards for the Professional Practice of Internal Auditing.
C) the Consulting Standards for the Professional Practice of Internal Auditing.
D) the Attribute Performance Standards for the Professional Practice of Internal Auditing.
E) the International Standards for the Professional Practice of Internal Auditing.

Question

Quizplus · Accepted Answer

Internal auditors are guided by the International Standards for the Professional Practice of Internal Auditing (IIA Standards), developed by the Institute of Internal Auditors (IIA). These standards establish the principles and requirements for the professional practice of internal auditing, including the Attribute Standards (describing the characteristics of effective internal auditors) and the Performance Standards (outlining the nature of internal audit activities and the criteria for evaluating those activities). The SOX Act (A) is a regulation that applies specifically to public companies in the United States, while the Consulting Standards (C) are a subset of the IIA Standards focused on advisory services. The Attribute Performance Standards (D) is an incorrect term as there is no such standard.

Internal Auditors Are Guided by Professional Standards Known As