Does Internal Audit follow professional standards?
Internal Audit at East Carolina University follows the professional standards that have been established by the Institute of Internal Auditors (IIA), the Information Systems Audit and Control Association (ISACA), and the Association of Certified Fraud Examiners (ACFE). The IIA serves over 70,000 members and provides the internal auditing profession with standards, guidance, and information on internal auditing best practices. ISACA has over 23,000 members and is recognized as a global leader in IT governance, control, and assurance. The ACFE has over 25,000 members and provides guidance on the detection and prevention of fraud. All organizations have a Code of Ethics, which has been adopted by Internal Audit. One of the standards requires that the purpose, authority, and responsibility of the internal audit function be defined in a charter. The audit charter for Internal Audit can be found here.
