Context for needing a CAE supporting Senior Management 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). Domain III – Governing the Internal Audit Function includes Essential Requirements for Senior Management of Organisations which are new mandatory elements of the Global Standards.
The Global IIA has issued Chief Audit Executive’s Guide to Domain III: Governing the Internal Audit Function which includes useful explanations of the CAE’s role in helping the Audit Committee and Senior Management fulfil their roles, but also guidance on how to help both in fulfilling their responsibilities.
The purpose of this guidance and tool kit is to complement that produced by the Global IIA in the following areas:
- Understanding the new IPPF (2024)
- Supporting the transition to the new IPPF (2024)
- Identifying and Implementing Senior Management requirements to conform with the new IPPF (2024)
CAE support for Senior Management Guidance and Tool Kit
CAE Support for Senior Management Guidance - this is a 2 page document, which includes hyperlinks to already published support and tools.
CAE Support for Senior Management Tools - there are tools which have been specifically designed to help CAEs support senior management and compliment those published by Global IIA.