Managing the Internal Audit Function in Line with GIAS - Part 1 1.5 CPE

The GIAS articulates how an effective internal audit function should operate. The concepts are outlined in Domain IV – Managing the Internal Audit Function. Domain IV provides the CAE a framework to establish the internal audit function. This session delves into the Standards and Principles related to Domain IV Principle 9 – Plan Strategically Standard 9.1 through 9.5. We will also provide practical applications necessary to create an effective internal audit function.

A value-oriented IA function will have an understanding of the GIAS and be able to articulate their importance to management. Absence acknowledgement of the Standards infers the group is a quality assurance function. That may be what the organization wants, but the differences should be made clear to management.

Other courses of this series are: Managing the Internal Audit Function in Line with GIAS - Part 2 Managing the Internal Audit Function in Line with GIAS - Part 3

Prerequisites

Learning Objective

• Discover and understand Domain IV.
• Explore and evaluate how to plan engagements effectively.
• Identify and review challenges managing internal audit.
  • Examine effective management techniques.
• Explore and examine process to plan strategically.
  • Examine Standard 9.1 Understanding GRC processes.
  • Examine Standard 9.2 Internal audit strategies.

Last updated/reviewed: October 2, 2024