The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has released 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 introduced by the IPPF Evolution project 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 streamlined format. They help elevate the quality of internal auditing and enhance the internal audit function’s role as an…
