The Global Internal Audit Standards

Introduction to the Global Internal Audit Standards

• Overview of the Institute of Internal Auditors (IIA).
• Significance of the "new" Global Internal Audit Standards.

The "new" Global Internal Audit Standards

• Objectives, structure and components of the standards.
• Understanding of the five mandatory elements and the implementation guidelines.
• Requirements for professional ethics: Dealing with ethical principles and conflicts of interest.
• Risk identification: performance targets and monitoring.

Adaptation of your internal audit to the new Global Internal Audit Standards

• Necessary adjustments during the changeover: process organization and control mechanisms and the importance of cooperation.
• New audit strategy with regard to risk identification, assessment and management.
• The methodologies for data analysis.
• Best practices in the creation of reports.

Quality assurance and improvement in internal auditing

• Understanding the quality assurance and improvement program.
• The role of standards in quality assurance.

The future of internal auditing

• Discussion of the developments in the Global Internal Audit Standards.
• Effects on the practice of internal auditing.