The Standards become effective in January 2025, 12 months after their release, and will impact businesses of all sizes in all industries
LAKE MARY, Fla., Jan. 9, 2024 /PRNewswire/ — The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – today released its new Global Internal Audit Standards™.
The new Standards impact businesses of all sizes, industries, and geographic regions. They were designed to help internal auditors – and their organizations – respond better to today’s complex and rapidly changing business environment. Among the notable changes are:
- Strengthening governance frameworks to improve organizations’ responsiveness to rapidly changing business environments.
- Specific guidance to assist internal auditors in the public sector and for small internal audit functions.
- A more flexible framework that can adapt to the unique challenges faced by auditors in different parts of the world.
- Specific guidance and standards on critical areas like cybersecurity.
The Standards provide internal audit principles, requirements, and considerations for implementation in a…
