ICAI - The Institute of Chartered Accountants of India

Internal Audit Standards Board
The Institute of Chartered Accountants of India

Invitation of Comments on Exposure Drafts of Standards on Internal Audit (SIAs)

The Internal Audit Standards Board of The Institute of Chartered Accountants of India (ICAI) invites comments on the following exposure drafts of Standards on Internal Audit (SIAs):

Exposure Draft of Preface to the Standards on Internal Audit

Quality Standards on Internal Audit

Exposure Draft of QSIA 1, Internal Audit Quality Aspects
Exposure Draft of QSIA 2, Peer Review and Third-Party Assessment

Series 100: Core Concepts and Principles

Exposure Draft of SIA 110, Basic Principles of Internal Audit
Exposure Draft of SIA 120, Terms of Internal Audit Engagement
Exposure Draft of SIA 130, Managing the Internal Audit Function
Exposure Draft of SIA 140, Internal Controls
Exposure Draft of SIA 150, Risk Management
Exposure Draft of SIA 160, Compliance with Laws and Regulations

Series 200: Audit Execution

Exposure Draft of SIA 210, Knowledge Of the Entity and its Environment
Exposure Draft of SIA 220, Internal Audit Planning
Exposure Draft of SIA 230, Internal Audit Evidence
Exposure Draft of SIA 240, Use of Tools
Exposure Draft of SIA 250, Internal Audit Documentation
Exposure Draft of SIA 260, Review and Supervision of Audit Assignments
Exposure Draft of SIA 270, Experts and Third-Party Engagement
Exposure Draft of SIA 280, Fraud and Irregularities
Exposure Draft of SIA 290, Communication with Management and Those Charged with Governance

Series 300: Internal Audit Reporting

Exposure Draft of SIA 310, Reporting and Conformance with Standards on Internal Audit
Exposure Draft of SIA 320, Presentation of Internal Audit Reports
Exposure Draft of SIA 330, Issuing Assurance Reports
Exposure Draft of SIA 340, Special Purpose Reports

Last Date for Submitting Comments is October 23, 2025. Comments are most helpful if they indicate relevant paragraph number, a clear rationale and, where applicable, provide a suggestion for alternative wording.

(Submission links given in the above-mentioned files and can be viewed after downloading the same)

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