To review existing and emerging internal audit practices worldwide and identify areas in which Standards on Internal Audit (SIAs) need to be developed.
To formulate Standards on Internal Audit (SIAs) which may be issued under the authority of the Council of the Institute.
To formulate Guidance Notes on issues relating to internal audit, including those arising from the SIAs, or pertaining to any specific industry, which may be issued under the authority of the Council of the Institute.
To continuously review the existing Standards and Guidance Note on Internal Audit and to undertake their revision, if necessary.
To formulate and review Implementation Guides, Technical Guides, Practice Manuals, Studies and other papers, which may be issued under its own authority for guidance of the members, as felt appropriate by the Board.
To undertake research and promote knowledge dissemination in the field of internal audit and management accounting.
To organize conferences, seminars, training programmes, workshops, webinars, e-learning programs, surveys, etc. on the topics related to internal audit, including risk management and governance and management accounting independently/ jointly with governments/ trade associations.
To conduct Certificate Courses/Diploma Courses, etc. on topics related to internal audit and management accounting.
To conduct outreach programmes for officials of the Central Government/ State Governments/ Union Territories & other authorities and /or its committees/ groups on areas relating to internal audit and management accounting.
To assist, advise and interact with Government of India, State Governments, Union Territories, & other authorities and /or its committees/ groups formed, in policy matters and matters relating to internal audit and management accounting.
To develop best practice guidance and benchmarking tools in areas of internal audit and management accounting.
