infographic- internal audit: notable ia milestones
DESCRIPTION
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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
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