Internal Audit principles

Sep 02, 2007 1 Replies

Hi all, I am italian and I wold like to know which are the differences and the meanings of the following 3 auditing rules:


1) Auditing Standards - edited by AICPA
2) Internationa Standard on Audit - edited by IFAC
3) Practice Advisories and related Standards - edited by The IIA

In other words: which is the first, second and third to be followed; what are the differences between the 3 general sets of standards, etc....



Thanks in advance


Depending on the company and the regulatory agency all of the audit standards should be followed however, (3) the Institute of Internal Auditors" has guidelines for specific industries

formatting link

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required