What are practice advisories according to the IIA?

Practice advisories, as defined by the Institute of Internal Auditors (IIA), are designed to provide guidance that helps auditors interpret established standards effectively. They offer insights into best practices within the auditing profession, enabling practitioners to enhance their understanding and implementation of auditing standards. These advisories serve as valuable resources that promote consistency in applying internal auditing practices and improve the overall quality of the audit process.

By focusing on best practices, practice advisories allow auditors to adopt recommended approaches that align with the IIA's standards and frameworks. They are not mandatory guidelines and do not impose strict compliance requirements; rather, they are meant to assist auditors in executing their work more effectively. This approach helps foster a culture of continuous improvement and professional development within the auditing community.