The New Paradigm of Internal Audit

DEFINITIONS INTERNAL AUDIT IIA BOARD'S DIRECTOR OF JUNE 1999

Assurance and consulting activities are independent and objective, which is designed to provide value-added activities and improving an organization, with the help the organization achieve its objectives through the assessment (evaluation) and increase the effectiveness of risk management, control (control) and ways of the company (corporate governance) .

Activities will be conducted with the approach of systematic and regular.

THE NEW INTERNAL AUDITINTERNAL

definition of auditing is an independent, objective ASSURANCE AND CONSULTING ACTIVITY, Designed to Improve ADD VALUE AND AN ORGANIZATION'S operations. It helps ACCOMPLISHING AN ORGANIZATION IN ITS OBJECTIVES bringing BY A SYSTEMATIC, DISCIPLINED approach TO EVALUATE AND Improve the Effectiveness of Risk Management, Control Processes AND GOVERNANCE.

The idea DEFINITION INTERNAL Auditing

1. Internal auditing is determined by the results of the implementation of the activities by those who do and what to do.

2. To continue to "exist" internal auditing profession should be seen as contributors added value for the organization.

3. Internal auditing must adapt achieving "entity value chain"

4. Internal Auditing conceptual structure should reflect the trigger Activities Organization.

5. Terms of professional standards and the Internal Auditing should lead to the establishment of a camera which has Profession uniqueness.

OLD DEFINITIONS

The Internal Audit function is apprisal independent organizations that help members in implementing the effectiveness of their responsibility as a service to the organization Evaluation of the Assurance Definition of old Apprisial function that indenpenden

New definition

Assurance and consulting activities are independent and objective

From Detection to Prevention / Solution Definition of Old To test and evaluate the organization of activities as a service to the organization

Theme added value and increase operating company

From operations to strategy Definition of Old Assist members in implementing the organizational effectiveness of responsibility.

From operations to strategy

Assist members in implementing the organizational effectiveness of responsibility.

Help the organization in achieving its objective From the Control Risk and Governance

From the Control Risk and Governance

Improve the effectiveness of the cost of reasonable

Assess and improve the effectiveness of risk management, control and governance