On February 15, 2010, The Institute of Internal Auditors (IIA) opened a 90-day comment period on proposed revised and new Standards for the International Standards for the Professional Practice of Internal Auditing. The IIA’s Internal Audit Standards Board (IASB) periodically reviews all of The IIA’s guidance (at least once every three years). It is proposing three new Standards, 14 changes to existing Standards, deletion of two Standards, and edits and deletions to some glossary terms.