Turnkey Consulting Blog How to Prepare Your Internal Audit Function for 2025’s New Global Internal Audit Standards

With the new Global Internal Audit standards from the Charted Institute of Internal Auditors (CIIA) set to take effect for quality assessments starting January 9th, 2025, many organizations are finding it challenging to determine where to begin.   These new standards, in conjunction with domestic compliance requirements, e.g. UK Corporate Governance Code, are reshaping the landscape for risk functions. This means that Internal Audit functions will need to conduct a self-assessment to evaluate readiness for these changes. Failure to do so could result in non-compliance, lack of assurance, and disruptions as you try to catch up.  In this blog, we’ll outline our key insights from the new Global Internal Audit standards and highlight additional requirements for Internal Audit function compliance. Read on for guidance on how to enable effective internal auditing across a dynamically changing risk landscape and provide increased assurance to senior stakeholders.