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Continuing Education Credits: 2 CPE Hours
Course Overview: GIAS-Understanding the New Standards
Purpose:
This class is designed to introduce and explain the new Global Internal Audit Standards (GIAS) that take effect in 2025. It is tailored for internal audit professionals, compliance officers, risk management specialists, financial auditors, senior management, and anyone involved in governance, risk, and compliance.mercury-training
Key Learning Objectives:
- Understand why the standards were updated and the driving forces behind these changes.
- Learn the new structure of the standards, including the five domains, fifteen principles, and fifty-two requirements.
- Explore the major changes from the previous standards to the new ones, including how guidance is now consolidated and more principle-based.
- Gain practical tips for preparing to conform with the standards in 2025.
- Discover how external quality assessments will be impacted by the new standards.Todays Presentation Decks+2
Course Content Highlights:
- History and Evolution: The IIA has developed standards for internal auditing since 1947, with periodic updates to ensure relevance in a changing business world.
- Structure of the New Standards:
- Five Domains: Purpose, Ethics and Professionalism, Governing the Internal Audit Function, Managing the Internal Audit Function, Performing Internal Audit Services.
- Fifteen Principles: Covering integrity, objectivity, competency, due professional care, confidentiality, governance, strategy, communication, quality, and more.
- Fifty-two Standards: Each with requirements, implementation considerations, and examples of evidence for conformance.
- Implementation Guidance:
- The course provides practical examples and case studies to help participants apply the standards in real-world settings.
- Guidance on gap assessment and migration from the previous IPPF (2017) to the new GIAS (2024/2025).
- Tips for preparing for external quality assessments and aligning audit activities with organizational objectives.udemy
Why These Standards Matter:
- They ensure consistent, high-quality practice of internal auditing across industries and regions.
- They elevate the profession’s reputation through rigorous ethics and practice standards.
- They help organizations strengthen governance, risk management, and control processes, and enhance decision-making and oversight.theiia
Who Should Attend:
- Internal audit professionals
- Compliance and risk management officers
- Financial auditors
- Senior management and executives
- Audit committee membersmercury-training
Format:
- Online modules with interactive discussions, real-world case studies, and practical exercises.
- Assessment and certification options available for those seeking formal recognition of their learning
Presented By Paul Sobel, CIA, QIAL, CRMA – Principal Rausch Advisory Services
Paul Sobel, is the principal author and presenter of this course. He is a principal with Rausch Advisory Services and he serves as a Senior Advisor to the IIA Standards Board and is a recognized leader in the internal audit profession. Paul brings decades of experience in business advisory services and has played a key role in developing and interpreting global audit standards. He is known for his practical approach, deep expertise, and commitment to elevating audit quality and professionalism.
