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ICAI Standards on Internal Audit – Codifying the Best Practices

The demand for professionalism, knowledge, integrity and leadership is more stringent today on the Internal Auditing professionals. Time and again it has been seen that an effective auditor serve as the organization’s corporate conscience. Internal audit has always been of immense significance to the corporate world. From being a cross check over the accounts of the organization, Internal Audit has, over the years moved to being a strong indispensable control tool in the hands of the management, which can help it immensely add to the shareholders’ value.