Mastering the Updated Global Internal Audit Standard - IIA

The Institute of Internal Auditors (IIA) Global Internal Audit Standards guide the worldwide professional practice of internal auditing and serve as a basis for evaluating and elevating the quality of the internal audit function. At the heart of the Standards are 15 guiding principles that enable effective internal auditing. Each principle is supported by standards that contain requirements, considerations for implementation, and examples of evidence of conformance. Together, these elements help internal auditors achieve the principles and fulfill the Purpose of Internal Auditing.

In this course, we have discussed the Standards five domains:

Domain I: Purpose of Internal Auditing.

Domain Il: Ethics and Professionalism.

Domain Ill: Governing the Internal Audit Function.

Domain IV: Managing the Internal Audit Function.

Domain V. Performing Internal Audit Services

Under each Domain's Standard we have discussed the

- Requirements: mandatory practices for internal auditing.

- Considerations for Implementation: common and preferred practices to consider when implementing the requirements.

- Examples of Evidence of Conformance: ways to demonstrate that the requirements of the Standards have been implemented

This course includes the general guidance and explanation about the

• Topical Guidance and Requirement

• IIA Courses, events, seminar/webinar about the GIAS

• What internal auditors have to do now after the GIAS

• How to conduct the gap assessment without the help of consultants

• How to have the conformance with the New GIAS

• What changes will be there in CIA and CRMA exams.

• How quickly in 15 minutes you can do your self-assessment with New GIAS

• Requirements for External Quality Assessment

The excel file can be used as the Internal Quality Assurance and Improvement Program (QAIP) where you can assess your compliance to the GAIS and results can be presented to management and audit committee.