Course Overview
Course Description
This comprehensive 5-day course provides an in-depth understanding of the 2024 International Professional Practices Framework (IPPF) and Global Internal Audit Standards (GIAS). Participants will explore the key components, principles, and practical applications of these updated frameworks to enhance internal audit effectiveness and efficiency.
Learning Objectives
- Understand the structure and components of the 2024 IPPF and GIAS
- Apply the new standards to improve internal audit practices
- Develop skills to assess organizational risks and internal controls
- Learn to create audit plans aligned with strategic objectives
- Improve reporting techniques for clearer communication of findings
- Foster ethical decision-making in internal auditing
Course Modules
Day 1: Introduction to 2024 IPPF and GIAS
- Overview of IPPF 2024 changes
- GIAS structure and five main domains
- 15 principles supporting the domains
- 52 Standards and their implementation
Day 2: Purpose of Internal Auditing and Ethics
- Domain I: The Purpose of Internal Auditing
- Domain II: Ethics & Professionalism
- Applying ethical standards in practice
- Case studies on ethical dilemmas
Day 3: Governing and Managing the IA Function
- Domain III: Governing the IA Function
- Domain IV: Managing the IA Function
- Stakeholder engagement strategies
- Resource management and quality assurance
Day 4: Performing Internal Audit Services
- Domain V: Performing IA Services
- Risk assessment methodologies
- Audit planning and execution
- Reporting and follow-up procedures
Day 5: Practical Application and Future Trends
- Applying GIAS in various industries
- Technology integration in internal auditing
- Emerging trends and challenges
- Action planning for implementation
Practical Wins for Participants
- Ability to align internal audit practices with global standards
- Enhanced skills in risk assessment and control evaluation
- Improved stakeholder communication and reporting techniques
- Action plan for implementing GIAS in their organization
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