Infographic- Internal Audit: Notable IA Milestones

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1 9 7 7 2 0 0 2 2 0 0 3 2 0 1 0 2 0 1 1 2 0 0 8 1 9 9 2 2 0 1 3 April 2010 Passage of UK Bribery Act July 2002 Passage of the Sarbanes-Oxley Act Creation of the Public Company Accounting Oversight Board (due to passage of the Sarbanes-Oxley Act) November 2003 New York Stock Exchange (NYSE) passes Section 303A requiring listed companies to have an internal audit function December 1977 Passage of the Foreign Corrupt Practices Act (FCPA) FUTURE May 2013 COSO updates Internal Control – Integrated Framework (New Framework) January 2013 IIA issues revised IIA Standards September 2008 Significant bank failures occur (e.g., Lehman Brothers) February 2010 SEC requires disclosure of board’s role in board risk oversight process (Proxy Disclosure Enhancements) September 1992 Passage of 1992 COSO Internal Control – Integrated Framework January 2011 IIA issues revised International Professional Practices Framework (IPPF) Notable Internal Audit Milestones Protiviti (www.protiviti.com) is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit, and has served more than 40 percent of FORTUNE 1000 ® and FORTUNE Global 500 ® companies. Protiviti and its independently owned Member Firms serve clients through a network of more than 70 locations in over 20 countries. We also work with smaller, growing companies, including those looking to go public, as well as with government agencies. © 2014 Protiviti Inc. An Equal Opportunity Employer M/F/D/V. PRO-0714-101057 All marks used are the property of their respective owners. Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

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Transcript of Infographic- Internal Audit: Notable IA Milestones

  • 1977

    2002

    20032010

    201

    1

    2008

    1992

    2013

    April 2010

    Passage of UK Bribery Act

    July 2002 Passage of the Sarbanes-Oxley Act

    Creation of the Public Company Accounting Oversight Board (due to passage of the Sarbanes-Oxley Act)

    November 2003

    New York Stock Exchange (NYSE) passes Section 303A requiring listed companies to have an internal audit function

    December 1977

    Passage of the Foreign Corrupt Practices Act (FCPA)

    FUTUREMay 2013

    COSO updates Internal Control Integrated Framework (New Framework)

    January 2013

    IIA issues revised IIA Standards

    September 2008

    Significant bank failures occur (e.g., Lehman Brothers)February 2010

    SEC requires disclosure of boards role in board risk oversight process (Proxy Disclosure Enhancements)

    September 1992

    Passage of 1992 COSO Internal Control Integrated Framework

    January 2011

    IIA issues revisedInternational Professional Practices Framework (IPPF)

    Notable Internal Audit Milestones

    Protiviti (www.protiviti.com) is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit, and has served more than 40 percent of FORTUNE 1000 and FORTUNE Global 500 companies. Protiviti and its independently owned Member Firms serve clients through a network of more than 70 locations in over 20 countries. We also work with smaller, growing companies, including those looking to go public, as well as with government agencies.

    2014 Protiviti Inc. An Equal Opportunity Employer M/F/D/V. PRO-0714-101057 All marks used are the property of their respective owners. Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.