Internal auditors must refrain from assessing specific operations for which they were previously responsible.
Assurance engagements for functions over which the chief audit executive has responsibility must be overseen by an outside party.
Engagements must be performed with proficiency and due professional care.
Internal auditors must possess the knowledge, skills, and other competencies needed to perform their individual responsibilities.
Competent advice and assistance must be obtained if the internal auditors lack the relevant competencies needed to perform audit engagements.
Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor.
Internal auditors must enhance their knowledge, skills, and other competencies through continuing professional development.
The chief audit executive must develop and maintain a quality assurance and improvement program.
Internal assessments must include on-going monitoring and periodic reviews.
External assessments must be conducted at least once every five years by a qualified, independent reviewer or review team.
