FAQs - The Institute of Internal Auditors

Quick Search Advanced Search Site Map IIA Popular Pages CIA Exam Content CFSA Individual Memberships Code of Ethics Information Technology		Home / The IIA / About the Profession / IA FAQs Frequently Asked Questions Internal Auditing What is internal auditing? Why should an organization have internal auditing? What should be the reporting lines for the chief audit executive? How does internal auditing maintain its independence and objectivity? How do internal and external auditors differ and how should they relate? What is Enterprise Risk Management (ERM) and what role in it does internal auditing play? Is it mandatory to have an internal audit activity? Audit Committees/Governance What is the appropriate relationship between the internal audit activity and the audit committee? What services can the internal auditors provide for the audit committee? Why should an organization have an audit committee? Fraud What is internal auditing's role in preventing, detecting, and investigating fraud? Guidance What standards guide the work of internal audit professionals? Staffing/Resources What are the skill sets and staffing needs of an internal audit activity? How does the internal audit activity go about prioritizing its resources? How should an organization go about sourcing its internal audit activity? What are the critical skills and attributes of a chief audit executive (CAE)?

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