Examples of Audit Standard in a sentence
Internal Audit is required to provide an objective audit service in line with the Public Sector Internal Audit Standard and other professional auditing standards.
Regardless of membership, all auditors will be expected to work in accordance with the Public Sector Internal Audit Standard and practice statements issued by the Institute of Internal Auditors and CiPFA.
The Public Sector Internal Audit Standard (PSIAS) became effective from 1st April 2013 and introduced a requirement for an external assessment of all internal audit services, which must be conducted at least once every five years by a qualified, independent reviewer from outside of the organisation.
As a result, the terms are interpreted in a manner consistent with how the terms are used in Canadian Audit Standard 600 Special Considerations– Audits of Group Financial Statements (Including the Work of Component Auditors) (CAS 600).
The Information Technology Security Audit Standard (SEC502) requires that all audit results and corrective action plans be included in the agency risk management program and subsequently reported to VITA.