Global Internal Audit Standards (GIAS) Domain IV – Part 2

This segment dedicated to the new Global Internal Audit Standards will review the remaining principles in Domain IV (Principle 9 of Domain IV was reviewed in a previous segment). The remaining principles are:

• Principle 10 – Manage Resources
• Principle 11 – Communicate Effectively
• Principle 12 – Enhance Quality

The new Global Internal Audit Standards were released on January 9, 2024, and will become effective January 9, 2025. The previous version, the International Standards for the Professional Practice of Internal Auditing, released in 2017, remains approved for use during a one-year transition period. The Global Internal Audit Standards guide the worldwide professional practice of internal audit. They serve as a basis for evaluating and elevating the quality of the internal audit function. The Standards use 15 guiding principles with five separate Domains that enable effective internal audit implementation and examples of evidence of conformance.

The Global Standards are organized into five domains.

• Domain I: Purpose of Internal Auditing
• Doman II: Ethics and Professionalism
• Domain III: Governing the Internal Audit Function
• Domain IV: Managing the Internal Audit Function
• Domain V: Performing Internal Audit Service