A-6 the International Standards

8/9/2019 A-6 the International Standards

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ESSENTIALS : A N I NTERNAL AUDIT OPERATIONS MANUAL A-6

THE INTERNATIONAL STANDARDSFOR THE PROFESSIONAL PRACTICE

OF INTERNAL AUDTING

ATTRIBUTE STANDARDS

1000 Purpose, Authority, and ResponsibilityThe purpose, authority, an responsi!i"ity o# the interna" au it a$ti%ity shou" !e #or&a""y

e#ine in a $harter, $onsistent 'ith the Standards , an appro%e !y the !oar ()

1000 A1 The nature o# assuran$e ser%i$es pro%i e to the or*ani+ation shou" !e e#ine in the au it $harter( I# assuran$es are to !e pro%i e to parties outsi ethe or*ani+ation, the nature o# these assuran$es shou" a"so !e e#ine in the$harter

1000 !1 The nature o# $onsu"tin* ser%i$es shou" !e e#ine in the au it$harter(

1100 Independen"e and #b$e"ti%ityThe interna" au it a$ti%ity shou" !e in epen ent, an interna" au itors shou" !eo! e$ti%e in per#or&in* their 'or (

1110 #r&ani'ational Independen"eThe $hie# au it e.e$uti%e shou" report to a "e%e" 'ithin the or*ani+ation thata""o's the interna" au it a$ti%ity to #u"#i"" its responsi!i"ities(

1110 A1 The interna" au it a$ti%ity shou" !e #ree #ro& inter#eren$e ineter&inin* the s$ope o# interna" au itin*, per#or&in* 'or , an

$o&&uni$atin* resu"ts(

11(0 Indi%idual #b$e"ti%ityInterna" au itors shou" ha%e an i&partia", un!iase attitu e an a%oi $on#"i$ts o# interest(

11)0 I*pair*ents to Independen"e or #b$e"ti%ityI# in epen en$e or o! e$ti%ity is i&paire in #a$t or appearan$e, the etai"s o# thei&pair&ent shou" !e is$"ose to appropriate parties( The nature o# the

is$"osure 'i"" epen upon the i&pair&ent(

) /hen use in these Standards , the ter& 0!oar 1 is an or*ani+ation2s *o%ernin* !o y, su$h as a !oar o# ire$tors, super%isory !oar , hea o# an a*en$y or "e*is"ati%e !o y, !oar o# *o%ernors or trustees o# a non-

pro#it or*ani+ation, or any other esi*nate !o y o# the or*ani+ation, in$"u in* the au it $o&&ittee, to'ho& the $hie# au it e.e$uti%e &ay #un$tiona""y report(

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11)0 A1 Interna" au itors shou" re#rain #ro& assessin* spe$i#i$operations #or 'hi$h they 'ere pre%ious"y responsi!"e( O! e$ti%ity is

presu&e to !e i&paire i# an au itor pro%i es assuran$e ser%i$es #or ana$ti%ity #or 'hi$h the au itor ha responsi!i"ity 'ithin the pre%ious year(

11)0 A( Assuran$e en*a*e&ents #or #un$tions o%er 'hi$h the $hie# au it e.e$uti%e has responsi!i"ity shou" !e o%erseen !y a party outsi ethe interna" au it a$ti%ity(

11)0 !1 Interna" au itors &ay pro%i e $onsu"tin* ser%i$es re"atin* tooperations #or 'hi$h they ha pre%ious responsi!i"ities(

11)0 !( I# interna" au itors ha%e potentia" i&pair&ents to in epen en$eor o! e$ti%ity re"atin* to propose $onsu"tin* ser%i$es, is$"osure shou"

!e &a e to the en*a*e&ent $"ient prior to a$$eptin* the en*a*e&ent(

1(00 Pro+i"ien"y and Due Pro+essional !areEn*a*e&ents shou" !e per#or&e 'ith pro#i$ien$y an ue pro#essiona" $are(

1(10 Pro+i"ien"yInterna" au itors shou" possess the no'"e *e, s i""s, an other $o&peten$iesnee e to per#or& their in i%i ua" responsi!i"ities( The interna" au it a$ti%ity$o""e$ti%e"y shou" possess or o!tain the no'"e *e, s i""s, an other $o&peten$ies nee e to per#or& its responsi!i"ities .

1(10 A1 The $hie# au it e.e$uti%e shou" o!tain $o&petent a %i$e an

assistan$e i# the interna" au it sta## "a$ s the no'"e *e, s i""s, or other $o&peten$ies nee e to per#or& a"" or part o# the en*a*e&ent(

1(10 A( The interna" au itor shou" ha%e su##i$ient no'"e *e toi enti#y the in i$ators o# #rau !ut is not e.pe$te to ha%e the e.pertise o# a person 'hose pri&ary responsi!i"ity is ete$tin* an in%esti*atin* #rau (

1(10 A) Interna" au itors shou" ha%e no'"e *e o# ey in#or&ationte$hno"o*y ris s an $ontro"s an a%ai"a!"e te$hno"o*y-!ase au itte$hni8ues to per#or& their assi*ne 'or ( Ho'e%er, not a"" interna"au itors are e.pe$te to ha%e the e.pertise o# an interna" au itor 'hose

pri&ary responsi!i"ity is in#or&ation te$hno"o*y au itin*(

1(10 !1 The $hie# au it e.e$uti%e shou" e$"ine the $onsu"tin*en*a*e&ent or o!tain $o&petent a %i$e an assistan$e i# the interna" au itsta## "a$ s the no'"e *e, s i""s, or other $o&peten$ies nee e to per#or&a"" or part o# the en*a*e&ent(

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1((0 Due Pro+essional !areInterna" au itors shou" app"y the $are an s i"" e.pe$te o# a reasona!"y pru entan $o&petent interna" au itor( Due pro#essiona" $are oes not i&p"y in#a""i!i"ity(

1((0 A1 The interna" au itor shou" e.er$ise ue pro#essiona" $are !y$onsi erin* the:

E.tent o# 'or nee e to a$hie%e the en*a*e&ent2s o! e$ti%es( Re"ati%e $o&p"e.ity, &ateria"ity, or si*ni#i$an$e o# &atters to

'hi$h assuran$e pro$e ures are app"ie ( A e8ua$y an e##e$ti%eness o# ris &ana*e&ent, $ontro", an

*o%ernan$e pro$esses( Pro!a!i"ity o# si*ni#i$ant errors, irre*u"arities, or non$o&p"ian$e( 9ost o# assuran$e in re"ation to potentia" !ene#its(

1((0 A( In e.er$isin* ue pro#essiona" $are the interna" au itor shou"$onsi er the use o# $o&puter-assiste au it too"s an other ata ana"ysiste$hni8ues

1((0 A) The interna" au itor shou" !e a"ert to the si*ni#i$ant ris s that&i*ht a##e$t o! e$ti%es, operations, or resour$es( Ho'e%er, assuran$e

pro$e ures a"one, e%en 'hen per#or&e 'ith ue pro#essiona" $are, o not*uarantee that a"" si*ni#i$ant ris s 'i"" !e i enti#ie (

1((0 !1 The interna" au itor shou" e.er$ise ue pro#essiona" $areurin* a $onsu"tin* en*a*e&ent !y $onsi erin* the:

Nee s an e.pe$tations o# $"ients, in$"u in* the nature, ti&in*, an$o&&uni$ation o# en*a*e&ent resu"ts( Re"ati%e $o&p"e.ity an e.tent o# 'or nee e to a$hie%e the

en*a*e&ent s o! e$ti%es( 9ost o# the $onsu"tin* en*a*e&ent in re"ation to potentia" !ene#its(

1()0 !ontinuin& Pro+essional De%elop*entInterna" au itors shou" enhan$e their no'"e *e, s i""s, an other $o&peten$iesthrou*h $ontinuin* pro#essiona" e%e"op&ent(

1)00 -uality Assuran"e and I*pro%e*ent Pro&ra*

The $hie# au it e.e$uti%e shou" e%e"op an &aintain a 8ua"ity assuran$e ani&pro%e&ent pro*ra& that $o%ers a"" aspe$ts o# the interna" au it a$ti%ity an$ontinuous"y &onitors its e##e$ti%eness( This pro*ra& in$"u es perio i$ interna" ane.terna" 8ua"ity assess&ents an on*oin* interna" &onitorin*( Ea$h part o# the pro*ra&shou" !e esi*ne to he"p the interna" au itin* a$ti%ity a %a"ue an i&pro%e theor*ani+ation2s operations an to pro%i e assuran$e that the interna" au it a$ti%ity is in$on#or&ity 'ith the Standards an the 9o e o# Ethi$s(

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1)10 -uality Pro&ra* Assess*entsThe interna" au it a$ti%ity shou" a opt a pro$ess to &onitor an assess the

o%era"" e##e$ti%eness o# the 8ua"ity pro*ra&( The pro$ess shou" in$"u e !othinterna" an e.terna" assess&ents(

1)11 Internal Assess*entsInterna" assess&ents shou" in$"u e:

On*oin* re%ie's o# the per#or&an$e o# the interna" au it a$ti%ity

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A-6 the International Standards