GIAS – Overview and Changes - Global Internal Audit Standards

Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.5

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 will overview the structure of the Standards and compare to the 2017 Standards.

Lesson Objectives
  • Examine the process used to establish the new standards.
  • Overview of proposed changes to the Standards.
  • Major themes in comment letters on Standards.
  • Mapping structure of the 2017 Standards to 2024 Standards
  • Specific Comments and responses

Field: Auditing
CPEs: 1.5
Delivery Method: Self-Study
Format: Video




Your Instructor


Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author


Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.


As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.


Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma


Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  


Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.


https://www.lynnfountain.net/


Course Curriculum


  IIA Global IAS Overview Segment 1
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  IIA Global IAS Overview Segment 2
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  IIA Global IAS Overview Segment 3
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  IIA Global IAS Overview Segment 4
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  IIA Global IAS Overview Segment 5
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  IIA Global IAS Overview Segment PowerPoint and Glossary
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