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The importance of the conference

Given the rapid advancements in the business and technology sectors, along with the crises that have recently impacted the world, affecting all professions including internal auditing, the Institute of Internal Auditors (IIA) has restructured the professional framework for internal auditing and updated the standards to reflect these changes. The new standards are expected to be officially released at the beginning of 2024, with implementation required one year after their official release.
Therefore, the importance of this conference is to discuss the new framework of standards and the significant updates made. The goal is to familiarize participants with these standards and develop the skills needed for their application when compliance becomes mandatory.

objectives

  • Familiarize participants with the new structure of internal audit standards issued by the Institute of Internal Auditors (IIA) and highlight the key developments
  • Engage participants in discussions on the principles of the second domain related to ethical and professional standards and enhance their skills in applying these principles.
  • Inform participants about amendments related to the principles of the third domain: Governance of the Internal Audit Function, and define the role of the Board of Directors in supporting and overseeing the internal audit function.
  • Equip participants with the principles of the fourth domain, which focuses on managing the internal audit function, and clarify the roles required of internal audit managers under the new standards.
  • Engage participants in discussions on the principles of the fifth domain: performing internal audit services, and inform them about the procedures for planning, executing, and communicating audit results, Enhance participants' skills in applying the new framework in internal audit management.

Target audiences

Heads and Members of Internal Audit Committees, Internal Audit Managers and Their Assistants, Heads of Internal Audit Teams, Quality Assessors of Internal Auditing, and External Audit Firms Involved in Assessing the Quality of Internal Audit Activities

Speakers

Agenda

Tuesday - 12 / November / 2024

First Pillar: The New Framework for Standards and (Principles of the Second Domain) Ethical and Professional Guidelines.

A Look at the Current Framework for Internal Auditing (IPPF) and the New Structure of the Framework (Principles and Standards Derived from It).
The Key Developments of the New Standards and the Main Areas According to the New Framework.
The Timeline for Professional Certification Exams of the IIA According to the New Framework, and the Timeline for the Quality Assessment Program (QAIP) and the Quality Guide Adopted for Evaluation According to the New Framework.
Demonstrating Integrity and Maintaining Objectivity.
Demonstrating Competence and Exercising Professional Care.
Maintaining Confidentiality.
Wednesday - 13 / November / 2024

Second Pillar: (Principles of Domain Three) Governance of the Internal Audit Function and (Principles of Domain Four) Management of the Internal Audit Function

Delegation by the Board and Enhancing Independence
Supervision by the Board and Strategic Planning.
Resource Management and Effective Communication.
Enhancing Quality.
Wednesday - 13 / November / 2024

Effective Task Planning and Execution of Task Activities.
Reporting on Task Results and Monitoring Action Plans, along with Key Professional Terminology Derived from the New Framework.
The Added Value of the New Amendments to the Internal Auditing Profession and the Challenges Internal Audit Departments May Face in Implementing the New Framework.

Venue

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