Training Course On Global Internal Audit Standards (IIA – GIAS 2024 FRAMEWORK)

Course Overview

The Training Course on Global Internal Audit Standards provides a comprehensive and practical understanding of the new Global Internal Audit Standards (GIAS – 2024) issued by The Institute of Internal Auditors (IIA).

The course is designed to equip internal auditors, audit leaders, risk professionals, and governance practitioners with the knowledge, frameworks, and tools required to design, implement, evaluate, and continuously improve a world-class internal audit function aligned to global best practices.

Participants will gain in-depth knowledge of: The 5 Domains, 15 Principles, and 52 Standards, Risk-based auditing methodologies, Quality Assurance and Improvement Programs (QAIP), Internal and external quality assessments, Ethical requirements and professional conduct, Integration of internal auditing with Enterprise Risk Management and governance practices

This practical, globally focused training aligns with modern organizational challenges, regulatory expectations, and the evolving role of internal audit as a strategic assurance and advisory function.

Learning Objectives

By the end of this training, participants will be able to:

  • Understand the structure, principles, and purpose of the Global Internal Audit Standards (2024)
  • Apply the Domains, Principles and Standards of GIAS in real organizational contexts
  • Establish and strengthen an internal audit function in accordance with GIAS
  • Apply a risk-based internal audit approach aligned to COSO ERM and ISO 31000
  • Develop and implement a Quality Assurance and Improvement Program (QAIP)
  • Prepare for External Quality Assessments (EQA)
  • Measure and improve internal audit performance and maturity
  • Create professional internal audit charters, manuals, and work programs

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Course Content

Module 1: Introduction to Global Internal Audit Standards (GIAS 2024)

  • Evolution of internal auditing and the IPPF
  • Introduction to the Global Internal Audit Standards (2024)
  • Structure of GIAS: 5 Domains, 15 Principles, 52 Standards
  • Role of internal audit in modern governance frameworks
  • Difference between old IPPF vs new GIAS standards
  • The future of internal auditing

Module 2: Domain I & II – Purpose, Ethics and Professionalism

Domain I: Purpose of Internal Auditing

  • Value of internal audit to stakeholders
  • Alignment with organizational objectives
  • Independence and objectivity

Domain II: Ethics and Professionalism

  • Integrity, objectivity, competency, confidentiality
  • Due professional care
  • Internal audit independence and conflicts of interest
  • Managing ethical dilemmas
  • Professional judgment and skepticism

Practical Exercise: Develop an Internal Audit Code of Ethics Charter for your organization.

Module 3: Domain III – Governing the Internal Audit Function

  • Role of the Board and Senior Management
  • Independence of the Internal Audit Function
  • Internal Audit Charter development (best practice)
  • Positioning and authority of the Chief Audit Executive (CAE)
  • Resourcing and competency requirements
  • Coordination with external auditors and regulators
  • Governance reporting structures

Workshop:

  • Drafting and improving an Internal Audit Charter
  • Mapping reporting lines for independence

Module 4: Domain IV – Managing the Internal Audit Function

  • Internal audit strategy and multi-year planning
  • Risk-based internal audit planning
  • Stakeholder engagement and communication
  • Managing people, performance and resources
  • Use of data analytics in internal audit
  • Quality Assurance and Improvement Program (QAIP)
  • Internal vs External Quality Assessments
  • Continuous improvement techniques

Practical Session: Create a QAIP Implementation Roadmap

Module 5: Domain V – Performing Internal Audit Services

  • Types of internal audit engagements: Assurance, Advisory/Consulting
  • Engagement planning & scoping
  • Control evaluation techniques
  • Sampling & testing approaches
  • Evidence collection & documentation
  • Writing effective audit reports
  • Communicating findings and recommendations
  • Monitoring and follow-up
  • Integration with ERM and Compliance functions

Capstone Exercise: Conduct a Mini Internal Audit Case Study

Who Should Attend

The course is suitable for Internal Auditors, Chief Audit Executives (CAEs), Risk & Compliance Officers, Governance & Audit Committee Members, External Auditors & Consultants, Finance Managers, Finance and accounting students, M&E and Quality Assurance Officers

GENERAL NOTES

 i.   The client has many options on where they would wish to have the training

Onsite training (In Kenya)

Onsite training (Outside Kenya)

Online Training

a.   Mombasa

a. Southern Sudan – Juba

a. Zoom

b.  Nairobi

b. Tanzania – Dar es Salaam

b. Webex

c.  Naivasha

c. Rwanda – Kigali

c. Google meets

d.  Machakos

d. Nigeria – Lagos

d. Google teams

e.  Thika

e. Lilongwe  – Malawi

..

f.   Nakuru

f. South Africa – Johannesburg

..

g. Embu

g. Ghana – Accra

 

h.  At work place

h.  At work place

..

ii. The client shall communicate the preferred training venue at least seven (7) days before the training date. Otherwise the training shall take place in Nairobi.

 iii. This training is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. It is taught through a mix of practical activities, theory, group works and case studies.

 iii. Training manuals and additional reference materials are provided to the participants.

 iv. Upon successful completion of this training, participants will be issued with Arichum Consulting certificate.

 v.   The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.

 vi.   The online training fee covers tuition fees, training materials, and a certificate on completion.

 

Training Charges per Person

All non-Kenya Delegates shall Pay in USD ($)

Number of Participants

On Site 5 days per person

Online 5 days per person

On Site 10 days per person

Online 10 days per person

 

USD ($)

Ksh.

USD ($)

Ksh.

USD ($)

Ksh.

USD ($)

Ksh.

1

862

80,000

517

48,000

1,724

160,000

1,034

96,000

2    to    10

776

72,000

465

43,200

1,552

144,000

931

86,400

11    to    20

698

64,800

419

38,880

1,396

129,600

838

77,760

21    to    30

628

58,320

377

34,992

1,257

116,640

754

69,984

31    to    40

566

52,488

339

31,493

1,131

104,976

679

62,986

41    to    50

509

47,239

305

28,344

1,018

94,478

611

56,687

above 50

458

42,515

275

25,509

916

85,031

255

51,018