Draft of the Proposed Global Internal Audit Standards Now Open for Public Comment

The International Internal Audit Standards Board just announced the next stage in the IPPF evolution (IIA, 2023):

Public comment on the proposed Standards is now open!

The IIA started its IPPF Evolution project in 2020, with the goal of modernizing and transforming the IIA Standards to ensure their continued relevance and applicability. Research and benchmarking to develop and propose a new framework started back in 2021. This research, along with the input of various stakeholders, which included around 3,600 internal audit practitioners from more than 150 countries, as well as regulators and standard-setting bodies from over 70 organizations, was then used to revise and develop the new proposed Standards in 2022. Now, as of March 1st, 2023, the proposed draft of the new Standards is open for public comment.

The IIA welcomes input from internal audit practitioners, international standard-setters, regulators and oversight bodies, organizations that impact corporate governance, securities, financial stability, and public interest, as well as public and government sector organizations.

The draft is available for comment until May 30th, 2023.

The IIA’s Standards Board hopes to release the new Global Internal Audit StandardsTM officially before the end of this year.

You can find the draft here.