Governing the Internal Audit Department in line with GIAS - Beginner
Date: Monday, June 16, 2025
Instructor: Lynn Fountain
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
The concept of governance is often a challenging area for internal audit. For the first time, standards for the IA profession will include direction and responsibilities for the board. Domain III outlines several standards for the board that:
¡ Authorize the IA function.
¡ Ensure and safeguard its independence and positioning within the organization.
¡ Establishes the board’s responsibilities for overseeing the quality of the performance of both IA and the chief audit executive.
The new Standards emphasize that quality performance requires conformance to the Standards. Each standard within Domain III specifically identifies the responsibilities of the CAE and the board, as well as joint responsibilities.
Who Should Attend
Controllers, Accountants, Auditors, Finance and Operational Professionals Professionals
Topics Covered
- Delve past the Standard requirements and examine the “how” and “what if’s” of the requirements
- Discuss the concepts and evaluate the options that internal audit has in order to best comply with the elements in Domain III
Learning Objectives
- Evaluate Domain III – Governing the IA Function
- Examine how to implement Principle 6 – Authorized by the Board:
- Examine Standard 6.1 IA Mandate
- Examine Standard 6.2 IA Charter
- Examine Standard 6.3 Board and Senior Management Support
- Examine how to implement Principle 7 – Positioned Independently:
- Examine Standard 7.1 Organizational Independence
- Examine Standard 7.2 CAE Qualifications
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
