The New Internal Audit Standards And Best Practice

The primary objective of this course is to familiarise delegates with the significant changes to the standards of the Institute of Internal Auditors and the challenges of applying these.
In addition, delegates will obtain a general overall appreciation of the requirements of the standards and the guidance available within the IPPF. The course is also developed to cover the new Government internal audit standards.

What will I get out of it ?
• understanding of why the standards framework needed changing
• implications of titling the framework ‘The International Professional Practices Framework’ (IPPF)
• a timeline for effecting the changes, and for the IIA professional and speciality certifications
• an indication of likely future developments.

Key features
• reasons for the changes and how they have been made
• likely future developments
• the structure of the new IPPF and the status of its parts
• principal changes to the mandatory parts of the IPPF
• changes to the recommended parts of the IPPF
• how the Practice Advisories have been changed
• changes to definitions of terms used in the standards
• who is committed to follow the IPPF?
• adoption of IIA standards by other bodies
• understanding the new standards; purpose, authority and responsibility;independence and objectivity; proficiency and due professional care
• is a consulting role now mandatory in addition to the assurance role?
• highlights of the position papers and practice guides continuing into 2009
• quality assurance and improvement programmes; managing the internal audit activity
• nature of internal audit work; engagement planning; performing the engagement
• communicating results, monitoring progress, resolving senior management’s acceptance of risks.

Who should attend ?
All internal auditors and particularly, but not exclusively, those with leadership responsibilities. Those to whom internal audit reports. Standards-setters and regulators from bodies that interface with internal auditing.

Dates And Location
24 – 25 March (09.15 – 17.00), London
20 – 21 July (09.15 – 17.00), London

Lecturer
Professor Andrew D Chambers BA FCCA
CEng FCA FIIA FBCS CITP FRSA
Management Audit LLP