Internal Auditing Standards Board

The Internal Auditing Standards Board (IASB) is an organization that develops and promotes standards for internal auditing practices. Internal auditing is an independent assessment within an organization that evaluates its processes, controls, and risk management. The IASB ensures that auditors follow best practices, enhancing the effectiveness and credibility of audits. By establishing these standards, the IASB helps organizations operate more efficiently, comply with laws, and improve their overall governance. This fosters accountability and trust, benefiting stakeholders such as management, shareholders, and regulatory bodies.