On 9 January 2024, the Institute of Internal Auditors (IIA) released a revised set of Global Internal Audit Standards.This update presents a unique opportunity for internal audit (IA) functions worldwide to reinvent themselves and become strategic enablers of organisational success in today's dynamic landscape.
PwC's newly released guide provides a clear roadmap for implementing these new standards. It empowers organisations to:
Drive transformation: Leverage the standards as a catalyst for change, enhancing risk coverage, improving efficiency, and unlocking value across the business.
Strengthen stakeholder engagement: Foster deeper collaboration with the Board and other key stakeholders,demonstrating transparency and alignment with best practices.
Future-proof capabilities: Assess and refine your IA function's competencies to ensure it's equipped to address evolving risks and contribute meaningfully to strategic goals.
Organisations in Nigeria cannot ignore the impact of these new Standards and need to take action now. They can seize this opportunity to:
Build trust and credibility: Showcase your commitment to sound governance and risk management practices.
Deliver impactful insights: Equip your IA function to provide strategic guidance and support proactive decision-making.
Empower growth and resilience: Contribute to long-term organisational success by navigating emerging risks and ensuring operational excellence.
Learn how to take action:
Explore PwC's guide to implementing the new IIA Global Internal Audit Standards. Get ready to unlock the full potential of your IA function and drive sustainable value for your organisation.