In May 2023, the IIA released a draft of the new Global Internal Audit Standards. The intent was to provide more effective standards for Internal Audit globally.

The new Global Internal Audit Standards were released on January 9, 2024, and will become effective January 9, 2025. 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.

The release of the new Standards concludes a multiyear process by the International Internal Audit Standards Board. The Global Standards use 15 guiding principles to enable effective internal auditing. Each principle is supported by standards that contain requirements, considerations for implementation, and examples of evidence of conformance.

The IIA also released a two-way mapping document of the 2017 IPPF standards to the 2024 Global standards. This is the first segment on the IIA Global Standards. In this segment we overview the structure of the Standards and compare to the 2017 Standards.

Learning Objectives
  • Explore and examine the process used to establish the new standards.
  • Identify and overview of proposed changes to the Standards.
  • Discover major themes in comment letters on Standards.
  • Explore and mapping structure of the 2017 Standards to 2024 Standards.
  • Identify specific Comments and responses.
Last updated/reviewed: March 27, 2024

Included In Certifications

This course is included in the following Certification Programs:

32 CoursesInternal Controls and Internal Audit Certification

  1. Internal Audit Standards Overview
  2. Managing the Internal Audit Function in Line with GIAS - Part 1
  3. Managing the Internal Audit Function in Line with GIAS – Part 2
  4. Managing the Internal Audit Function in Line with GIAS – Part 3
  5. Executing the Internal Audit Engagement in Line with GIAS – Part 1
  6. Executing the Internal Audit Engagement in Line with GIAS – Part 2
  7. Identifying and Implementing the Proper Balance of Internal Controls
  8. Documentation Methods For Internal Control Processes
  9. Segregation of Duties for Core Business Processes
  10. Foundations for a Strong Internal Audit Department
  11. Internal Audit Management - Top Skills
  12. Internal Audit: Keys to Managing an Effective Function
  13. Understanding Risk-Based Auditing
  14. Risk Based Auditing – Establishing a Methodology
  15. Risk Based Auditing – Applying the Methodology
  16. Cyber Risk Frameworks And Concepts
  17. Information Technology (IT) Controls in Emerging Business Environments
  18. Fraud Risk Assessments
  19. Professional Skepticism - Keys to Maintaining
  20. Introduction to Forensic Accounting
  21. The Fraud Triangle
  22. Internal Audit Effective Relations with the Audit Committee
  23. COSO 2013 Overview
  24. COSO 2013 - Operational Execution
  25. Internal Audit Emerging Risks for 2021 and Beyond - Part 1
  26. Internal Audit Emerging Risks for 2021 and Beyond - Part 2
  27. Internal Audit Emerging Risks for 2021 and Beyond - Part 3
  28. Internal Audit Emerging Risks for 2021 and Beyond - Part 4
  29. Internal Audit Challenges During Times of COVID
  30. Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 International Professional Practices Framework
  31. Tools for Internal Control Certificate
  32. Lessons of an Auditor- Tools for Internal Control Certificate

9 CoursesGlobal Internal Audit Standards (GIAS) Knowledge Certification Program

  1. Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 International Professional Practices Framework
  2. Global Internal Audit Standards (GIAS) Domain I and II - Part 1
  3. Global Internal Audit Standards (GIAS) Domain I and II - Part 2
  4. Global Internal Audit Standards (GIAS) Domain III - Part 1
  5. Global Internal Audit Standards (GIAS) Domain III - Part 2
  6. Global Internal Audit Standards (GIAS) Domain IV - Part 1
  7. Global Internal Audit Standards (GIAS) Domain IV - Part 2
  8. Global Internal Audit Standards (GIAS) Domain V - Part 1
  9. Global Internal Audit Standards (GIAS) Domain V - Part 2
4 Reviews (11 ratings)

Reviews

5
Anonymous Author
Very informative course. The comparison of old vs new and all the rationale and dimensions around it was very informative
5
Member's Profile
Very good overview of new standards versus old IPPF. Look forward to the courses on individual domains.
5
Member's Profile
Good course providing high level overview of the international internal auditing standards.
4
Anonymous Author
Good overview of the changes and what they mean to internal audit.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 IPPF8:08
  Process Used to Produce the Standards9:46
  Proposed Changes7:08
  Structure of 2017 Standards10:50
  Principles12:36
  Major Themes in Comment Letters5:32
  Specific Comments11:42
  Specific Comments Cont'd11:15
  Summary3:26
CONTINUOUS PLAY
  Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 IPPF1:20:23
SUPPORTING MATERIAL
  Slides: Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 IPPFPDF
  Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 IPPF Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam