The Global Internal Audit Standards (GIAS) articulate how an effective internal audit function should operate. The concepts are outlined primarily in Domain IV – Managing the Internal Audit Function. Domain IV provides the CAE a framework to establish the internal audit function.

The first segment of this session looked at Domain IV and the first two Standards within that domain. (Standard 9.1 and 9.2). This segment will focus on Domain IV Standards 9.3 through 9.5.

This course is part two in a three-part series on Managing the Internal Audit Function. Examine concepts around managing the internal audit methodology, internal audit plan and aspects of coordination and reliance. These courses move beyond the dictates of the GIAS and discuss methods to utilize to effectively manage the function.

Part three of Managing the Internal Audit function will delve into the remaining Standards and processes related to Domain IV that will help ensure effective management of a function including:

  • Standard 10 – Manage Resources
  • Standard 11 - Communication
  • Standard 12 - Quality

Other courses of this series are:
Managing the Internal Audit Function in Line with GIAS - Part 1
Managing the Internal Audit Function in Line with GIAS - Part 3

Learning Objectives
  • Explore and examine Standard 9.3 Internal audit methodologies.
  • Explore and examine Standard 9.4 Internal audit plan.
    • Identify planning challenges.
    • Identify planning alternatives.
  • Examine Standard 9.5 Coordination and Reliance.
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 22:52
  Methodologies16:08
  Methodologies Cont'd15:28
  Standard 9.4 Internal Audit Plan18:04
  Standard 9.4 Internal Audit Plan Cont'd19:08
  Planning Alternatives15:24
  Summary0:58
CONTINUOUS PLAY
  Managing the Internal Audit Function in Line with GIAS – Part 21:28:02
SUPPORTING MATERIAL
  Slides: Managing the Internal Audit Function in Line with GIAS – Part 2PDF
  Managing the Internal Audit Function in Line with GIAS – Part 2 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam