Understanding and Implementing the New IIA Standards for 2024
Equip Your Audit Function to Align with the Latest Global Internal Audit Standards
Course Schedule
| Venue (InHouse) | Fees |
|---|---|
| At Your Organization Premises | Ask For The Quotation |
Course Introduction
The Institute of Internal Auditors (IIA) has released a major update to its Global Internal Audit Standards effective 2024, reshaping the expectations, principles, and practices for audit professionals worldwide. This course provides a comprehensive understanding of the new standards, highlights the key changes, and guides participants through practical implementation strategies. It ensures that internal audit teams can confidently align their frameworks, practices, and assessments with the revised global benchmarks.
Course Objectives
By the end of the course, participants will be able to:
- Understand the structural changes in the 2024 IIA Standards
- Analyze key differences between the new and previous frameworks
- Apply the five domains and 15 principles of the new standards
- Build an implementation roadmap for compliance
- Conduct self-assessments and prepare for external quality assurance
- Align internal audit charters, policies, and methodologies accordingly
Key Benefits of Attending
- Stay ahead of regulatory and industry expectations
- Ensure internal audit activities are fully aligned with global standards
- Gain confidence to lead implementation across your organization
- Avoid compliance gaps and external review findings
- Learn from experts and benchmark with global best practices
Intended Audience
- Chief Audit Executives (CAEs)
- Internal Audit Managers and Senior Auditors
- Risk, Compliance, and Governance Professionals
- Audit Committee Members
- Quality Assurance and Improvement Program (QAIP) teams
Individual Benefits
- Clear understanding of the new IIA Standards framework
- Enhanced ability to perform standard-compliant audits
- Improved career relevance and technical skills
- Confidence in handling internal and external QA reviews
Organization Benefits
- Standardized and globally aligned audit practices
- Enhanced audit quality and stakeholder trust
- Stronger governance, risk, and control assurance
- Preparedness for external quality assessments
Instructional Methdology
- Instructor-led presentations
- Real-life case examples and comparisons
- Interactive group exercises and workshops
- Self-assessment planning
- Action planning for implementation
- Access to templates and guidance materials
Course Outline
DETAILED 5-DAY COURSE OUTLINE (Customizable)
Training Hours: 07:30 AM – 03:30 PM
Daily Format: 3–4 Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Overview of the New Standards
- Module 1 (07:30 – 09:30): Evolution of the IIA Standards – Why the Change?
- Module 2 (09:45 – 11:15): Overview of the 5 Domains and 15 Principles
- Module 3 (11:30 – 01:00): Comparing Old vs New: Key Changes in Approach
Day 2: Deep Dive into Domains 1 & 2
- Module 4 (07:30 – 09:30): Domain 1 – Purpose of Internal Auditing
- Module 5 (09:45 – 11:15): Domain 2 – Ethics and Professionalism
- Module 6 (11:30 – 01:00): Revising Audit Charters & Codes of Conduct
Day 3: Governance, Risk, and Performance
- Module 7 (07:30 – 09:30): Domain 3 – Governing the Internal Audit Function
- Module 8 (09:45 – 11:15): Domain 4 – Managing the Internal Audit Function
- Module 9 (11:30 – 01:00): Performance Standards & KPIs in Practice
Day 4: Performing Internal Audit Services
- Module 10 (07:30 – 09:30): Domain 5 – Conducting Internal Audit Engagements
- Module 11 (09:45 – 11:15): Applying Agile and Risk-Based Audit Planning
- Module 12 (11:30 – 01:00): Audit Documentation and Quality Assurance Updates
Day 5: Practical Implementation and QA
- Module 13 (07:30 – 09:30): Building an Implementation Roadmap
- Module 14 (09:45 – 11:15): Self-Assessment & External QAIP Preparation
- Module 15 (11:30 – 01:00): Action Planning and Certification Ceremony
Certification
Certificate of Completion Implementation Toolkit (Roadmap, Templates, Checklists) Updated Internal Audit Charter Template