Legislative and Regulatory Guidelines

Governance supports success in business and government, and internal auditing is a core component of effective governance. The IIA supports legislation and regulation that enhances governance by mandating internal audits. However, as countries vary considerably with respect to political frameworks, legal systems, culture, social priorities, and economic development, it is not feasible to provide one suitable common template for internal audit legislation or regulation. T his document provides guidelines to help legislators and regulators in the drafting process, and recommended language for creating localized law to require an internal audit.