Internal Audit

1. One of the key elements of good governance is an independent and objective internal audit service working to Internal Audit Standards. To assist Internal Audit Units operating in Departments and Offices, in April 1992 , the Department of Finance developed guidelines relating to the standards to be followed in implementing the internal audit function. These standards were developed specifically for central government, and suggested that Departments also refer to other standards and guidelines issued by appropriate professional bodies.

2. In November 2012, following extensive consultation with Heads of Internal Audit, Audit Committees and Senior Management across the range of Vote Holders, the Department of Public Expenditure and Reform determined that the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing (IIA Standards) should apply across all Departments and other Vote Holders.

Revised Internal Audit Standards, November 2012.

3. The IIA Standards comprise of the Definition of Internal Auditing, the Code of Ethics and the International Standards for the Professional Practice of Internal Auditing as issued by the global professional body, the Institute of Internal Auditors (IIA). The IIA Standards supersede the 1992 Internal Audit Standards.

4. The IIA Standards have been adopted without amendment for the purposes of the practice of internal audit in the Central Government Sector.

5. Additional guidance is included in the Central Government Information Note to assist Heads of Internal Audit, Audit Committees and Accounting Officers in the Central Government area in the interpretation of these Standards.

6. The IIA Standards are available on the IIA website: http://iia.org.uk/resources/global-guidance/international-standards

7. Guidance for Audit Committees operating in the central government sector is available here: link

8. Any queries should be directed to the Government Accounting email address: Govacc@per.gov.ie