SIGMA Webinar | New Global Internal Audit Standards

SIGMA is organising a series of webinars on the new Global Internal Audit Standards and the changes with regard to the International Professional Practices Framework (IPPF) for public finance and audit professionals in European candidate countries and potential candidates as well as European neighbourhood countries. This video is the general introductory webinar, held on 📅 7 February 2024 via 📍 Zoom --- 1 - Welcome and introduction by Pilar Sáenz de Ormijana 2 - Presentation of the reform: IPPF Governance and Standard-setting Process, project milestones, stakeholder input and public comment. Katleen Seeuws, VP The Institute of Internal Auditors Inc. 3 - GIAS: Main changes in structure and a personal view of where the Standards will require more from us and our internal audit functions. John Chesshire 4 - What’s next? Topical requirements, Quality assessments, Certifications. Katleen Seeuws 5 - Closure and next steps by Alastair Swarbrick --- On 9 January, The IIA Released the New Global Internal Audit Standards (GIAS). The new Standards have been designed to help internal auditors – and their organisations – respond better to today’s complex and rapidly changing business environment. Among the notable changes introduced by the IPPF are: 🔹 Strengthening governance frameworks to improve organisations’ responsiveness to rapidly changing business environments. 🔹 Specific guidance to assist internal auditors in the public sector and for small internal audit functions. 🔹 A more flexible framework that can adapt to the unique challenges faced by auditors in different parts of the world. 🔹 Specific guidance and standards on critical areas like cybersecurity. The Standards provide internal audit principles, requirements, and considerations for implementation in a streamlined format, helping to elevate the quality of internal auditing and enhancing the internal audit function’s role as an essential business partner to boards and senior management.