Navigating the New Global Internal Audit Standards (GIAS) - Online Classroom

The Global Internal Audit Standards (GIAS) provide a comprehensive framework for internal auditors worldwide. These standards guide the professional practice of internal auditing, ensuring consistency, quality, and ethical conduct. Upon completing this 7-hour training program, participants will be well-equipped to apply the GIAS principles, enhance their audit skills, and contribute effectively to their organisations' governance and risk management.

Domain I: Purpose of Internal Auditing

In this domain, participants will gain an understanding of the fundamental purpose of internal auditing. Learning outcomes include:

Understanding the Role: Participants will comprehend the essential value of internal auditing within organisations.

Purpose Clarity:Participants will articulate the primary objectives of internal audit activities.

Public Interest: Participants will be able to analyse and evaluate the role of internal auditing in serving the public interest.

Domain II: Ethics and Professionalism

This domain emphasises ethical behavior and professional conduct. Learning outcomes include:

Ethical Principles: Participants will grasp the core ethical principles governing internal auditors.

Conflicts of Interest: Participants will identify and address conflicts of interest in the context of internal auditing.

Confidentiality and Independence: Participants will appreciate the significance of maintaining confidentiality and independence.

Domain III: Governing the Internal Audit Function

Participants will explore the governance aspects of internal audit functions. Learning outcomes include:

Organisational Structure: Participants will understand the organisational placement and the necessary information necessary to establish the internal audit mandate

Audit Charter: Participants will be familiar with the purpose and content of an audit charter.

CAE Engagement: Participants will recognise the importance of effective CAE engagement.

Domain IV: Managing the Internal Audit Function

This domain focuses on effective management practices within internal audit. Learning outcomes include:

Resource Allocation: Participants will learn how to allocate resources efficiently for audit activities.

Audit Planning and Execution: Participants will develop skills in planning, executing, and documenting audits.

Quality Assurance: Participants will appreciate the need for quality assurance processes within the audit function.

Domain V: Performing Internal Audit Services

In this domain, participants will be taken into the practical aspects of performing internal audit services. Learning outcomes include:

Risk Assessment: Participants will understand how to develop and document engagement risk assessments.

Evaluation of Findings: Participants will understand how to evaluate potential engagement findings to determine its significance.

Reporting and Communication: Participants will learn effective reporting and communication practices.