Content roundup: March 2025
Spring is here!
As we begin to see the glimmers of spring it is a good time to take stock of what is available in terms of guidance not only at the Chartered IIA but elsewhere too!
Technical Content
It has been a quieter month for new technical content, but a new piece on Risk appetite has been added which compliments other existing guidance. This new piece focuses on the principles of a risk appetite statement and how it is created, implemented, monitored and reviewed.
In the Standards and Codes section, adoption of the Global Standards by the public sector in the Republic of Ireland has also been confirmed, with no amendments.
More guidance is currently in draft covering topics such as external quality assessments, internal audit performance measures, auditing culture and fraud. So keep revisiting the Content Hub.
Global IIA
The Global IIA is working on a new competency framework, with publication anticipated for April. This will be accompanied with guidance on how to sue the framework to support ongoing development of internal audit team members, as well as a mapping of the competencies to different example internal audit roles. For the first time too this will also look at the competencies of audit committee members who now have mandatory requirements within the global standards.
Research
Part Three of our Health of Internal Audit Research has also been published which provides benchmarking statistics around internal audit charter, reporting lines, EQA assessments, audit committee assessment and CAE relationships with internal stakeholders. The final two parts are due to be published in the coming weeks.
Elsewhere
Other organisations continue to publish helpful information. For example the Global Risks Report 2025 | World Economic Forum is in its 20th edition, FERMA’s Global Risk Manager Survey Report published in November 2024 providing risk rankings, and the IRM’s The 2024 New Generation of Risk Report discussing the key risks in organisation. All three provide helpful insight for internal audit planning to be used by CAEs and audit committee members alike.
A recent joint ECIIA and FERMA webinar discussed the WEF, FERMA and Risk in Focus 2025 reports, and the slides and a recording of the session is available.
If you have any ideas for guidance for the Content Hub, or you would like to join our group of volunteer writers and editors then pleas email us: technical@charterediia.org.