GLOBAL INTERNAL AUDIT STANDARDS: DOWNLOAD OUR EARLY ACTION GUIDE FOR AUDIT COMMITTEES

On 9 January 2024 the Global Institute of Internal Auditors published the Global Internal Audit Standards. These came in to effect in January 2025.

In the UK public sector, internal auditors are working to an implementation date of 1April 2025, alongside the public sector application note.

Though some areas of the Standards will feel familiar, there are new requirements. In particular the Global Internal Audit Standards are now more explicit about how the board and / or audit committee should be involved. The Global Internal Audit Standards do contain some requirements that will need more input and involvement from the board or audit committee than previously.

While some audit committee members may read the full Standards document, we realise that some may not. The earlier that audit committees engage with internal audit and the new requirements, the easier it should be to embed the detailed requirements.