This segment is dedicated to Domain II, focusing on the Standards related to Competency, Due Professional Care, and Continuing Professional Development. Initially, we reviewed Principle One within Domain I and the first two Standards under Principle Two.

Domain I – Purpose of Internal Auditing
Domain II – Ethics and Professionalism
Principle One – Demonstrate Integrity

Standard 1.1: Honesty and professional courage
Standard 1.2: Organizations’ Ethical Expectations
Standard 1.3: Legal and Ethical Behavior

Principle Two – Maintain Objectivity

Standard 2.1: Individual objectivity
Standard 2.2: Safeguarding objectivity
Standard 2.3: Disclosing Impairments to objectivity

In this segment, we will review the remaining Principles and Standards within Domain II.

Principle Three – Demonstrate Competency

Standard 3.1: Competency
Standard 3.2: Continuing professional development

Principle Four – Exercise Due Professional Care

Standard 4.1: Conformance with Global IIA Standards
Standard 4.2: Due Professional Care
Standard 4.3: Professional Skepticism

Principle Five – Maintain Confidentiality

Standard 5.1: Use of Information
Standard 5.2: Protection of Information

The new Global Internal Audit Standards were released on January 9, 2024, and will become effective January 9, 2025. The previous version, the International Standards for the Professional Practice of Internal Auditing, released in 2017, remains approved for use during a one-year transition period. The Global Internal Audit Standards guide the worldwide professional practice of internal audit. They serve as a basis for evaluating and elevating the quality of the internal audit function. The Standards use 15 guiding principles with five separate Domains that enable effective internal audit implementation and examples of evidence of conformance.

The Global Standards are organized into five domains:

Domain I: Purpose of Internal Auditing
Domain II: Ethics and Professionalism
Domain III: Governing the Internal Audit Function
Domain IV: Managing the Internal Audit Function
Domain V: Performing Internal Audit Service