Global Internal Audit Standards (GIAS) Domain V - Part 1

Overview

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 Global Internal Audit Standards guide the worldwide professional practice of internal audit. They serve as a basis for evaluating and elevating the quality of the internal audit function. The Standards use 15 guiding principles with five separate domains that enable effective internal audit implementation and examples of evidence of conformance. The Global Standards are organized into five domains.

• Domain I: Purpose of Internal Auditing
• Domain II: Ethics and Professionalism
• Domain III: Governing the Internal Audit Function
• Domain IV: Managing the Internal Audit Function
• Domain V: Performing Internal Audit Service

Highlights

• Internal Audit
• Internal Controls
• Standards
• Institute of Internal Auditors

Prerequisites

None

Designed For

Internal auditors, external auditors, CFO’s, CEO’s, Controllers, Accounting and Finance Professionals, Boards, Audit Committees

Objectives

• Examine Domain V: Performing Internal Audit Services
• Discern Principle 13 Plan Engagements effectively
• Evaluate Standard 13.1 Engagement Communications
• Evaluate Standard 13.2 Engagement Risk Assessment
• Evaluate Standard 13.4 Evaluation Criteria
• Evaluate Standard 13.5 Engagement Resources
• Evaluate Standard 13.6 Work Program

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.