GIAS - Executing the Internal Audit Engagement in Line with GIAS – Part 1 - Global Internal Audit Standards

Field: Auditing | CPE hours: 2.0 | Delivery Method: Self Study

In January 2024, the IIA released its updated Global Internal Audit Standards. These Standards will replace the IPPF in January 2025. Domain V – Performing Internal Audit Services speaks to requirements to properly execute upon internal audits.


The principles and related standards in this domain are related to:
  • Effective engagement planning
  • Conducting engagement work
  • Communicating during the engagement and developing findings
  • Giving recommendations and providing conclusions
  • Monitoring action plans

This course is part one in a two-part series on Executing the Internal Audit. In this course we will focus on the aspect of Planning the internal audit. This includes aspects of planning the engagement, developing objectives and scope, executing and communicating on the engagement. Although we will refer to the new GIAS standards for guidance in these areas, we will also focus on practical tips to execute these processes.

Part two of Executing the Internal Audit will focus on recommendations and monitoring.

Lesson Objectives
  • Explore and examine elements of engagement planning, engagement objectives, engagement scope.
  • Identify and understand elements of performing the engagement, identifying information, documenting information, engagement supervision.
  • Recognize and review methods of communication and monitoring.
  • Consider the requirements of the GIAS in all of these areas.



Your Instructor


Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author


Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.


As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.


Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma


Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  


Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.


https://www.lynnfountain.net/


Course Curriculum


  Executing the Internal Audit in Line with GIAS – Part 1
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