APPENDIX 1

Global Internal Audit Standards – Content List

· Domain I: Purpose of Internal Auditing

· Domain II: Ethics and Professionalism

· Principle 1 Demonstrate Integrity

o Standard 1.1 Honesty and Professional Courage

o Standard 1.2 Organization’s Ethical Expectations

o Standard 1.3 Legal and Ethical Behavior

· Principle 2 Maintain Objectivity

o Standard 2.1 Individual Objectivity

o Standard 2.2 Safeguarding Objectivity

o Standard 2.3 Disclosing Impairments to Objectivity

· Principle 3 Demonstrate Competency

o Standard 3.1 Competency

o Standard 3.2 Continuing Professional Development

· Principle 4 Exercise Due Professional Care

o Standard 4.1 Conformance with the Global Internal Audit Standards

o Standard 4.2 Due Professional Care

o Standard 4.3 Professional Skepticism

· Principle 5 Maintain Confidentiality

o Standard 5.1 Use of Information

o Standard 5.2 Protection of Information

· Domain III: Governing the Internal Audit Function

· Principle 6 Authorized by the Board

o Standard 6.1 Internal Audit Mandate

o Standard 6.2 Internal Audit Charter

o Standard 6.3 Board and Senior Management Support

· Principle 7 Positioned Independently

o Standard 7.1 Organizational Independence

o Standard 7.2 Chief Audit Executive Qualifications

· Principle 8 Overseen by the Board

o Standard 8.1 Board Interaction

o Standard 8.2 Resources

o Standard 8.3 Quality

o Standard 8.4 External Quality Assessment

· Domain IV: Managing the Internal Audit Function

· Principle 9 Plan Strategically

o Standard 9.1 Understanding Governance, Risk Management, and Control Processes

o Standard 9.2 Internal Audit Strategy

o Standard 9.3 Methodologies

o Standard 9.4 Internal Audit Plan

o Standard 9.5 Coordination and Reliance

· Principle 10 Manage Resources

o Standard 10.1 Financial Resource Management

o Standard 10.2 Human Resources Management

o Standard 10.3 Technological Resources

· Principle 11 Communicate Effectively

o Standard 11.1 Building Relationships and Communicating with Stakeholders

o Standard 11.2 Effective Communication

o Standard 11.3 Communicating Results

o Standard 11.4 Errors and Omissions

o Standard 11.5 Communicating the Acceptance of Risks

· Principle 12 Enhance Quality

o Standard 12.1 Internal Quality Assessment

o Standard 12.2 Performance Measurement

o Standard 12.3 Oversee and Improve Engagement Performance

· Domain V: Performing Internal Audit Services

· Principle 13 Plan Engagements Effectively

o Standard 13.1 Engagement Communication

o Standard 13.2 Engagement Risk Assessment

o Standard 13.3 Engagement Objectives and Scope

o Standard 13.4 Evaluation Criteria

o Standard 13.5 Engagement Resources

o Standard 13.6 Work Program

· Principle 14 Conduct Engagement Work

o Standard 14.1 Gathering Information for Analyses and Evaluation

o Standard 14.2 Analyses and Potential Engagement Findings

o Standard 14.3 Evaluation of Findings

o Standard 14.4 Recommendations and Action Plans

o Standard 14.5 Engagement Conclusions

o Standard 14.6 Engagement Documentation

· Principle 15 Communicate Engagement Results and Monitor Action Plans

o Standard 15.1 Final Engagement Communication

o Standard 15.2 Confirming the Implementation of Recommendations or Action Plans