Institute Of Internal Auditors

The Institute of Internal Auditors (IIA) is the global professional body for internal audit, the function that independently checks whether an organization's controls, risk management, and governance processes are working. Its International Professional Practices Framework sets the standards that many internal auditors follow, and its guidance increasingly addresses how audit teams should review AI systems, third-party models, and data practices. For compliance officers and risk managers, IIA material is a useful benchmark for judging whether their own internal audit function can credibly test AI controls.

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ResearchGlobal2026-11-06

IIA Sets Banking AI Audit Baseline With 12-Bank Input

The Institute of Internal Auditors has published a principles-based audit structure for AI in banking organizations, developed with input from 12 global banks. The guide covers governance and policy, risk taxonomy, model risk management, cybersecurity, operational resilience, third-party management, and AI literacy. It gives internal audit teams a practical basis for scoping AI reviews and testing whether controls are actually working.

internal audit banking model risk management third-party risk Institute of Internal Auditors operational resilience AI governance