The Standards include “essential conditions.” What are these conditions, and are they mandatory?

In the Global Internal Audit Standards, Domain III: Governing the Internal Audit Function outlines requirements for chief audit executives plus “essential conditions,” which are activities

of the board and senior management that enable the internal audit

function’s success.

Domain III requires the chief audit executive to meet with the board and senior management to discuss the responsibilities and essential conditions of the Standards and how the parties can collaborate to establish and maintain an effective internal audit function.

To assist chief audit executives in communicating with the board and senior management, The IIA created the Chief Audit Executive’s Guide to Domain III available under the Tools/Resources tab.