The GIAS articulates how an effective internal audit function should operate. The concepts are outlined in Domain IV – Managing the Internal Audit Function. Domain IV provides the CAE a framework to establish the internal audit function. This session delves into the Standards and Principles related to Domain IV Principle 9 – Plan Strategically Standard 9.1 through 9.5. We will also provide practical applications necessary to create an effective internal audit function.

A value-oriented IA function will have an understanding of the GIAS and be able to articulate their importance to management. Absence acknowledgement of the Standards infers the group is a quality assurance function. That may be what the organization wants, but the differences should be made clear to management.

Other courses of this series are:
Managing the Internal Audit Function in Line with GIAS - Part 2
Managing the Internal Audit Function in Line with GIAS - Part 3

Learning Objectives
  • Discover and understand Domain IV.
  • Explore and evaluate how to plan engagements effectively.
  • Identify and review challenges managing internal audit.
    • Examine effective management techniques.
  • Explore and examine process to plan strategically.
    • Examine Standard 9.1 Understanding GRC processes.
    • Examine Standard 9.2 Internal audit strategies.
Last updated/reviewed: October 2, 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
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 Managing the Internal Audit Function in Line with GIAS - Part 14:54
  Managing the Internal Audit Function8:08
  Challenging Managing Internal Audit14:06
  Plan Strategically-Principle 922:02
  Standard 9.2 Internal Audit Strategy7:48
  Summary1:36
CONTINUOUS PLAY
  Managing the Internal Audit Function in line with GIAS Part 158:34
SUPPORTING MATERIALS
  Slides: Managing the Internal Audit Function in Line with GIAS - Part 1PDF
  Managing the Internal Audit Function in Line with GIAS - Part 1 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam