Training on Global Internal Audit Standards

The new Global Internal Audit Standards were released on January 9, 2024 and will become effective on January 9, 2025. Early adoption is encouraged. The previous version, the International Standards for the Professional Practice of Internal Auditing, released in 2017, remains approved for use during a one-year transition period. The Standards guide the worldwide professional practice of internal auditing, are principle-based, 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.

Training on Global Internal Audit Standards is designed to equip participants with a deep understanding of Global Internal Audit Standards. The course will cover international standards, including the Institute of Internal Auditors (IIA) standards, and provide practical insights to apply these standards effectively in various organizational contexts.

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.

• 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

Classroom Based – 5 Days

Online – 7 Days

• Purpose Statement

• Principle 1: Demonstrate Integrity
• Principle 2: Maintain Objectivity
• Principle 3: Demonstrate Competency
• Principle 4: Exercise Due Professional Care
• Principle 5: Maintain Confidentiality

• Principle 6: Authorized by the Board
• Principle 7: Positioned Independently
• Principle 8: Overseen by the Board

• Principle 9: Plan Strategically
• Principle 10: Manage Resources
• Principle 11: Communicate Effectively
• Principle 12: Enhance Quality

• Principle 13: Plan Engagements Effectively
• Principle 14: Conduct Engagement Work
• Principle 15: Communicate Engagement Results and Monitor Action Plans

• Laws and/or Regulations
• Governance and Organizational Structure
• Funding

This course is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, presentations, group works and case studies.

Training notes and additional reference materials are provided to the participants.

Upon successful completion of this course, participants will be issued a certificate.

We can also do this as a tailor-made course to meet organization-wide needs.