Standard 1200-Professional competence and care required
Standard 1200-Professional competence and care required
Professional competence and care that we discuss in this section.
The work must be done with the necessary expertise and care.
the beginning
It is the responsibility of each internal auditor to perform the internal audit work with the necessary professional care and competence.
Achieving these two qualities begins with understanding the mandatory guidance of the international framework of professional practice, especially the Code of Conduct of the Association of Internal Auditors.
Internal auditors typically acquire through education, experience, professional development opportunities, and professional certifications such as the most relevant internal audit professional certification.
That is, the certified internal audit certificate granted by the Association of Internal Auditors, they improve their competence.
Internal auditors who have received professional certificates,
Must be aware of continuing education requirements to keep their certifications current.
Exercising the necessary professional care requires knowing the methodical and systematic approach of the internal audit framework (IPPF);
which is completed through specific organizational policies and procedures established by the internal audit manager.
The internal audit manager is responsible for ensuring compliance with this standard in the internal audit unit.
As part of the management of the internal audit unit, the internal audit manager establishes policies and procedures;
which enables internal auditors to perform audit work with due professional care and competence.
This includes the hiring and training of internal auditors by the internal audit manager, as well as planning, staff allocation, and proper supervision of the audit work.
To begin with, the chief audit executive may review the responsibilities outlined in the internal audit charter and internal audit plan;
and think about the knowledge, skills, and other qualifications that the internal audit unit needs to complete the planned work.
Executive considerations
For internal auditors, the exercise of professional care requires compliance with the code of professional conduct of the Association of Internal Auditors and the code of ethics of the respective organization and any code of professional conduct related to other professional associations of which they are members.
Internal audit activities may have a formal process that requires the internal auditor to sign an annual affirmation regarding the Code of Professional Conduct of the Association of Internal Auditors and the Organization’s Code of Ethics.
Internal auditors generally develop their individual competence by obtaining and maintaining valid professional certifications, experience, and professional training throughout their career, which includes continuing professional development.
The internal audit manager can use the International Internal Auditing Competence Framework of the Association of Internal Auditors or a similar standard to establish a standard for evaluating the professional competence of internal auditors.
The criteria can be used to create job descriptions and determine the required qualifications of the internal audit unit.
In addition, the internal audit manager may adopt a strategy for recruitment, employment, training and professional development of staff to create a competent internal audit unit and ensure that its qualifications are valid and sufficient.