Preparing to Conform with the New Requirements of the Global Internal Audit Standards
The IIA has published a new tool to aid chief audit executives and their internal audit functions in implementing and preparing to conform with the new Global Internal Audit Standards by the effective date of January 9, 2025. The Conformance Readiness Assessment Tool identifies the significant changes between the requirements of the 2017 IPPF and those of the 2024 Standards. When used in conjunction with the results of past quality assessments, the tool enables a comparison between the internal audit function’s current practices and the new requirements to evaluate and remedy gaps in conformance.