Global Internal Audit Standards (GIAS) – Overview and Contrast to 2017 International Professional Practices Framework

<p>In May 2023, the IIA released a draft of the new Global Internal Audit Standards. The intent was to provide more effective standards for Internal Audit globally.</p>

<p>The new Global Internal Audit Standards were released on January 9, 2024, and will become effective January 9, 2025. The previous version, the <i>International Standards for the Professional Practice of Internal Auditing,</i> released in 2017, remains approved for use during a one-year transition period.</p>

<p>The Standards guide the worldwide professional practice of internal auditing, are principle-based, and serve as a basis for evaluating and elevating the quality of the internal audit function.</p>

<p>The release of the new Standards concludes a multiyear process by the International Internal Audit Standards Board. The Global Standards use 15 guiding principles to enable effective internal auditing. Each principle is supported by standards that contain requirements, considerations for implementation, and examples of evidence of conformance.</p> 

<p>The IIA also released a two-way mapping document of the 2017 IPPF standards to the 2024 Global standards. This is the first segment on the IIA Global Standards.  In this segment we overview the structure of the Standards and compare to the 2017 Standards.</p>