Context for needing the Audit Committee Guidance and Tool Kit

The International Professional Practices Framework (IPPF) has been updated to a new structure which includes: the new Global Internal Audit Standards; new Topical Requirements; and Guidance. It becomes effective from 9 January 2025, and the internal audit profession needs to take the time now to transition to these from the International Professional Practices Framework (2017). With the increased requirements it is important that Audit Committees play their part in supporting the transition but also in transitioning their own practices to meet the mandatory Principles, Standards and Essential Conditions detailed in the Global Internal Audit Standards 2024.

The purpose of this guidance and tool kit is to help Audit Committees support their internal audit functions and to meet the new Global Internal Audit Standards. It is broken into three key areas:

• Understanding the new IPPF (2024)
• Overseeing the transition to the new IPPF (2024)
• Implementing Audit Committee changes to conform with the new IPPF (2024)

Audit Committee Guidance and Tool Kit 

Audit Committee Guidance - this is a 2 page document, which includes hyperlinks to already published support and tools.

Audit Committee Tools - these are audit committee tools which have been specifically designed to support audit committees as part of this Guidance and Tool Kit.

Appendix 1 - Audit Committee Presentation

Appendix 2 - Audit Committee Questionnaire

Appendix 3 - Audit Committee Agenda Schedule

Heads of Internal Audit / Chief Audit Executives

As audit committee members may not have access to this website and these documents, we encourage Heads of Internal Audit to share these with their audit committee chairs to enable them to review and decide what the most appropriate course of action is under their remit. 

Global IIA Guidance

The Global IIA has published Chief Audit Executive's Domain III Toolkit, since we published this. It is extremely helpful and includes further tools which complement those provided here. Therefore we highly recommend these to our members. Please note you will need to log into Global IIA's website with your Global IIA membership log in credentials to access this guidance.