Generally Conforms definition
Generally Conforms means the evaluator has concluded that the relevant structures, policies and procedures of the internal audit service, as well as the processes by which they are applied, comply with the requirements of the individual Standard or element of the Code of Ethics in all material respects. For the sections and major categories, this means that there is general conformance to a majority of the individual Standards or elements of the Code of Ethics, and at least partial conformance to the others, within the section/category. There may be significant opportunities for improvement, but these must not represent situations where the service has not implemented the Standards or the Code of Ethics, has not applied them effectively, or has not achieved their stated objectives. As indicated above, general conformance does not require complete / perfect conformance, the ideal situation, successful practice, etc.
Generally Conforms means that an internal audit activity has a charter, policies, and
Generally Conforms means the assessor has concluded the following:
More Definitions of Generally Conforms
Generally Conforms means that an internal audit activity has a charter, policies, and processes that are judged to be in accordance with the Standards, but some opportunities for improvement may exist.
Generally Conforms is the top rating and means that an IA activity has a charter, policies, and processes that are judged to be in conformance with the Standards. “Partially Conforms” means deficiencies in practice are noted that are judged to deviate from the Standards, but these deficiencies did not preclude IA from performing its responsibilities in an acceptable manner. “Does Not Conform” means deficiencies in practice are judged to be so significant as to seriously impair or preclude the IA activity from performing adequately in all or in significant areas of its responsibilities.
Generally Conforms means the IA activity has practices that are in accordance with the IIA Standards, although opportunities for enhancement may exist. “Generally Conforms” is the highest ranking possible.
Generally Conforms. (GC) means the Assessment Team concluded the following:
Generally Conforms means that an internal audit activity has a charter, policies, and processes that are judged to be in conformance with the Standards.
Generally Conforms. — the top rating and means that an internal audit activity has a charter, policies, and processes, execution and results of which are judged to be in conformance with the Standards.
Generally Conforms is the top rating and means that the internal audit service has a charter, policies and processes that are judged to be in conformance to the Standards.