Learning Objectives:

  • Have clarity around the background and rational behind the new Global Internal Audit Standards
  • Understand the approach and framework of the new Global Internal Audit Standards
  • Appreciate how the 5 Domains, 15 Principles, and 52 Standards fit together
  • Gain an overview of the key headlines

Internal audit professionals around the globe rely on the International Standards for the Professional Practice of Internal Auditing (Standards) and the International Professional Practices Framework (IPPF) to help navigate the complex world of risk management, governance, and control.

Over the last 4 years, following Covid, the world has changed and continues to change. We are now in a dynamic and volatile word. The ECIIA’s Risk in Focus 2024 report identified that economic uncertainty has driven the perfect storm of interlocking risks. Organizations are now grappling with an ensuing poly crisis, with multiple catastrophic events occurring simultaneously. Some organizations are facing declining cash balances, increasing turnover of staff, and higher net debt. Organizations are preparing for trouble ahead and seeking to be ready to leap forward when conditions improve.

The future demands internal audit services that are timely, relevant, and impactful. This requires standards that are insightful, perceptive, clear and direct. The role of internal auditors during these challenging times is to be ready to step forward and support their organizations whilst facing new and emerging risks, staff shortages, reduced budgets, cost constraints and the new 2024 Global Internal Audit Standards.

Join us to see how the new Standards will support you and your internal audit function in these challenging times. We will explore the key headlines of the Standards, the areas that may present the greatest challenge and the areas you may be more familiar with, thus providing a level of assurance that everything isn’t new and unfamiliar.

This is the first of a series of webinars that look at the new Standards, stay with Liz on the journey and be ready to embrace and conform with the new Standards.

In order to be awarded the full credit hours, you must attend the entire session and answer at least 3 of the polling questions. Once the requirements are met, your CPE certificate will be available to download in the webinar. Participants will earn 1.0 CPE credits.

Speakers:

Liz Sandwith, CFIIA
Liz Sandwith, CFIIA
Special Adviser to and former member of the IIA Standards Board

Liz Sandwith has been a member of the IIA Standards Board for the last 6 years. Because of her involvement in the IPPF Evolution project, the IIA asked her to stay on as a Special Adviser to the Standards Board. Liz is an Internal Audit and Risk Adviser sharing and supporting internal audit functions and CAEs based on her 34+ years in the internal audit profession. Liz worked in a senior capacity at Bupa as Head of Assurance, Risk & Compliance and Head of Internal Audit - Operations. Liz was also Head of Internal Audit at Channel 5. She has also worked with the Information Commissioner’s Office and the Electoral Commission, as well as advising local authorities on internal audit and risk management issues. Liz is a Trustee for a Multi-Academy Trust (education sector), a Chair of Governors and Chair of the Audit, Risk and Finance Committee.

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Wolters Kluwer is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
 
Additional Information:
Field of Study: Auditing
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet Based
 
Cancellation Policy: This webinar has no fee and your registration can be cancelled at any time.

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