New Standards - the IPPF evolution 2023

New Global Internal Audit Standards - the IPPF is evolving

"Now more than ever, [internal auditors] need standards that meet their needs and raise the quality of the internal audit services they provide" Mike Peppers, International Internal Audit Standards Board (IIASB) immediate past Chairman.

Talking about the new Standards, Liz Sandwith, Chief Professional Practices Advisor here in the UK said "I think they raise the bar, and I think they equip internal auditors and our profession to face that volatile, uncertain, ever changing world we now find ourselves in."

***Click here to watch short video's explaining each new domain*** 

Check out an on demand webinar about the new Global Internal Audit Standards here

ACTION - Essential discussion document with the Audit Committee.  This document helps clarify and raise awareness of the audit committee's governance roles and responsibilities as set out in the new Standards, including the information that should be provided by the chief audit executive. 

Governing the internal audit function

Updating standards for a changing world
Short insightful paper, useful to share with your Audit Committee, senior leadership team, CEO.

Public sector briefing 
Two page overview of proposed changes specific to public sector requirements (US language but relevant message).

The process is being led by Global IIA, click here for full details, including a video from President, Anthony Pugliese.

  • Draft Standards 
  • Existing IPPF mapped to the proposed new standards 

Topical Requirements (tbd) - these will support the Standards. Eight topics are under consideration. Specific to audit engagements they will introduce mandatory elements to ensure the quality and consistency of methodology worldwide - read more here. 

Key reading

Presentation on what to expect | New Proposed Standards (Feb 2023)

Pre-consultation outline of the changes | Updating Standards for a changing world (Feb 2023)



The proposed new Global Internal Audit Standards™ more clearly articulate the keys to effective internal auditing by grouping the Standards into five domains:

• Domain I: Purpose of Internal Auditing

• Domain II: Ethics and Professionalism

• Domain III: Governing the Internal Audit Function

• Domain IV: Managing the Internal Audit Function

• Domain V: Performing Internal Audit Services





Content reviewed: 22 August 2023