Global Internal Audit Standards (GIAS) Domain IV - Part 2

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

Basic Course Information

• Examine Principle 10 – Manage Resources
• Discern Standard 10.1 – Financial Resource Management
• Discern Standard 10.2 - Human Resource Management
• Discern Standard 10.3 – Technological resource management
• Examine Principle 11 – Communicate Effectively
• Discern Standard 11.1 Building Relationships and communicating with stakeholders
• Discern Standard 11.2 Effective Communication
• Discern Standard 11.3 Communicating Results
• Discern Standard 11.4 Errors and Omissions
• Discern Standard 11.5 Communicating and the Acceptance of Risks
• Examine Principle 12 – Enhance Quality
• Discern Standard 12.1 Internal Quality Assessment
• Discern Standard 12.2 Performance Measurement
• Discern Standard 12.3 Oversee and Improve Engagement Performance

• Internal audit
• Standards
• GIAS
• Accounting
• Auditing