Internal audit professionals around the globe rely on the International Standards for the Professional Practice of Internal Auditing (Standards) and the International Professional Practices Framework (IPPF) to help navigate the complex world of risk management, governance, and control.
Over the last 4 years, following COVID, the world has changed and continues to change. We are now in a dynamic and volatile world. The ECIIA’s Risk in Focus 2024 report identified that economic uncertainty has driven the perfect storm of interlocking risks. Organizations are now grappling with an ensuing poly crisis, with multiple catastrophic events occurring simultaneously. Some organizations are facing declining cash balances, increasing turnover of staff, and higher net debt. Organizations are preparing for trouble ahead and seeking to be ready to leap forward when conditions improve.
The future demands internal audit services that are timely, relevant, and impactful. This requires standards that are insightful, perceptive, clear, and direct. The role of internal auditors during these challenging times is to be ready to step forward and support their organizations whilst facing new and emerging risks, staff shortages, reduced budgets, cost constraints, and the new 2024 Global Internal Audit Standards.
Watch this on-demand webinar to see how the new Standards will support you and your internal audit function in these challenging times. We explore the key headlines of the Standards, the areas that may present the greatest challenge, and the areas you may be more familiar with thus providing a level of assurance that everything isn’t new and unfamiliar.
Learning objectives:
- Have clarity around the background and rationale behind the new Global Internal Audit Standards
- Understand the approach and framework of the new Global Internal Audit Standards
- Appreciate how the 5 Domains, 15 Principles, and 52 Standards fit together
- Gain an overview of the key headlines