Topical Requirements, the newest component of the International Professional Practices Framework will ensure that all internal audit functions – large, small, private, or public – apply consistent audit methodology when assessing the effectiveness of governance, risk management, and controls of a particular topical area.
The use of Topical Requirements will be mandatory when an internal audit function scopes an audit engagement that includes the topic covered.
Conforming with Topical Requirements will support internal auditors in the specific challenges of auditing that topic. These requirements are designed to strengthen the ongoing relevance of internal audit to the evolving risk landscape and enhance the consistency and quality of internal audit services across industries and sectors.
Topical Requirements on a variety of areas within the audit universe will be available on this page later.