In 2024, the IIA issued an update to the IPPF, including new Global Internal Audit Standards. The Standards contain many updates and clarifications to enhance the profession of internal auditing, some of which will have an impact on external quality assessments. The new Standards also seek to elevate the quality of the assessments by requiring an internal audit function to demonstrate not only conformance but also performance. Internal audit functions and external quality assessors may face challenges and opportunities from the new requirements.
This session will equip you with practical strategies and techniques to strengthen your department's effectiveness, improve audit quality, and exceed stakeholder expectations. Drawing from the speakers extensive experience in developing and consulting with internal audit departments, conducting external quality assessments and the experience of the top IIA Quality Services quality assessors that have performed hundreds of EQAs on behalf of the IIA, you will be provided with actionable insights to elevate your internal audit function's value and impact.
CPE Learning Objectives
This roundtable will provide the opportunity to raise and discuss concerns and challenges relative to:
• Changes with the new Standards related to Quality.
• Impacts of the new Standards on future quality assessments.
• Developing a strategy for meeting the requirements.
• Leading practices for successful quality assessment reviews.
• Other concerns, challenges, and opportunities