Description

Note – This course overviews the 2017 IPPF Standards that will remain effective until January 2025. The updated Standards are the Global Internal Audit Standards. The course within this certificate program includes an overview of those standards, however, it is important that internal auditors have a strong understanding of all the Domains within the updated standards. Those Domains are reviewed in separate courses outside of this certificate program.

Corporate management personnel often are not aware that internal auditors have standards and guidelines defined by the profession. Internal Audit (IA) is not always seen as those who must follow established professional standards. Internal auditors don’t have a “license to practice”.  So why do we need Standards?

A value oriented IA function will have an understanding of the International Professional Practices Framework (IPPF) Standards and be able to articulate their importance to management. Absence of acknowledgement of the Standards infers the group is a quality assurance function. That may be what the organization wants, but they should be able to differentiate.

The courses on “Top Skills for Internal Audit” and “Foundations of Internal Audit” covered aspects of business acumen and included concepts of the Institute of Internal Auditors (IIA) Standards. This course will delve deeper into the major components of the Standards and their meaning to the profession.