Overview

The new Global Internal Audit Standards were released on January 9, 2024, and took effect on January 9, 2025. The previous version, known as the International Standards for the Professional Practice of Internal Auditing, was released in 2017 and remains approved for use during a one-year transition period. These Standards guide the global practice of internal auditing, are principle-based, and serve as a foundation for evaluating and enhancing the quality of the internal audit function.

At the core of the Standards are 15 guiding principles that facilitate effective internal auditing. Each principle is backed by specific standards that outline requirements, implementation considerations, and examples of evidence demonstrating conformance. Collectively, these elements assist internal auditors in achieving the principles and fulfilling the purpose of internal auditing.

Our five-day training workshop on the Global Internal Audit Standards is designed to provide participants with a comprehensive understanding of these standards. The course will cover international standards, including those from the Institute of Internal Auditors (IIA), and offer practical insights on applying these standards effectively in various organizational contexts.

Program Objectives

The workshop will cover the following key areas:

• Global Internal Audit Standards.
• Purpose, authority, and responsibility of the internal audit activity and concept of governance.
• Purpose of Internal Auditing.
• Ethics and Professionalism.
• Governing the Internal Audit Function.
• Managing the Internal Audit Function
• Performing Internal Audit Services.
• Applying the Global Internal Audit Standards in the Public Sector.

Learning Outcomes

By the end of this course the participants will be able to:

• Understand the Foundations of Internal Audit.
• Gain a deeper understanding of Global Internal Audit Standards.
• Demonstrate a thorough understanding of the IIA’s International Professional Practices Framework (IPPF).
• Differentiate between various international standards.
• Recognize the historical development and evolution of internal audit standards globally.
• Demonstrate Ethics and Professionalism in Internal Auditing.
• Design and implement a quality assurance and improvement program for the internal audit function.

Target Delegates

This training program is designed for internal auditors, risk managers, compliance professionals, finance professionals, and anyone seeking a comprehensive understanding of global internal audit standards.

Planned Program

Day 1

• Historical development and evolution of internal audit standards.
• Comparisons and contrasts between internal audit to external audit.
• Domain I: Purpose of Internal Auditing
• • Purpose Statement
• Domain II: Ethics and Professionalism
• • Principle 1: Demonstrate Integrity

Day 2

• Domain II: Ethics and Professionalism
• • Principle 2: Maintain Objectivity
  • Principle 3: Demonstrate Competency
  • Principle 4: Exercise Due Professional Care
  • Principle 5: Maintain Confidentiality

Day 3

• Domain III: Governing the Internal Audit Function
• • Principle 6: Authorized by the Board
  • Principle 7: Positioned Independently
  • Principle 8: Overseen by the Board

Day 4

• Domain IV: Managing the Internal Audit Function
• • Principle 9: Plan Strategically
  • Principle 10: Manage Resources
  • Principle 11: Communicate Effectively
  • Principle 12: Enhance Quality

Day 5

• Domain V: Performing Internal Audit Services
• • Principle 13: Plan Engagements Effectively
  • Principle 14: Conduct Engagement Work
  • Principle 15: Communicate Engagement Results and Monitor Action Plans
• Applying the Global Internal Audit Standards in the Public Sector
• • Laws and/or Regulations
  • Governance and Organizational Structure
  • Funding

Training Approach

This training is delivered by our experienced trainer who is an expert in his respective fields. The instruction includes a combination of practical activities, presentations, group work, and case studies. Participants will also receive training notes and additional reference materials.