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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