Skip to Content

New! Implementing an Internal Audit Strategic Plan

Insights to Quality The IIA août 28, 2024

Implementing an Internal Audit Strategic Plan

In January 2024, the International Internal Audit Standards Board released the new Global Internal Audit Standards™, which replace the International Standards for the Professional Practice of Internal Auditing, issued as part of the 2017 International Professional Practices Framework®. The new Standards focus on managing the internal audit function’s performance as part of conformance with the standards under Principle 8, Overseen by the Board, and Principle 12, Enhance Quality. The 2024 Standards also require the CAE to develop and implement a strategy for the internal audit function. As part of the evaluation of the performance aspect of a department during a quality assessment, a strong strategic plan is a key element.

The IIA

The Institute of Internal Auditors