Please join us on Thursday, September 19th for the third of a four-part series covering the new Global Internal Audit Standards.  This session will be held virtually and provide 1-hour CPE covering the below topics and learning objectives. 

Topic: New Global Internal Audit Standards (GIAS) - Series # 3 (Domains II and V)

Location: Virtual / Zoom

Delivery Method: Group Internet Based

Presenter:  Liz Sandwith CFIIA

Overview: 

Domain II encompasses the existing Code of Ethics, some principles from the 2017 Standards, and what were previously referred to as attribute Standards covering objectivity, competency, confidentiality, and due professional care. The 13 Standards in this Domain sit under 5 principles that namely demonstrate integrity, maintain objectivity, highlight competency, exercise due professional care, and preserve confidentiality.

A key change with Domain II has been to elevate the concept of professional courage, something that has been implied by the Standards and advocated by CAEs and industry professionals for many years.

Domain V - Performing Internal Audit Services requires internal auditors to effectively plan engagements, conduct the engagement work to develop findings and conclusions, collaborate with management to identify recommendations and/or action plans that address the findings, and communicate with management and the employees responsible for the activity under review throughout the engagement and after it closes. Domain V also ensures practitioners understand they must conform with the Standards when providing both assurance and advisory engagements.

During this 1-hour session, we will explore how to help internal audit practitioners undertake internal audit assurance engagements and rapidly provide assessments around crises and threats within a framework of ethics and professionalism.

Learning Objectives:

• Understand the relevance of the application of ethics and professionalism (Domain II) in an internal audit practitioner’s ways of working i.e., both assurance and advisory engagements (Domain II)
• Learn about the importance of the additional two key words — ‘courage’ and ‘skepticism’ — and why they are important to internal audit practitioners (Domain II)
• Discuss how the new Standards enable practitioners to plan and deliver engagements effectively (Domain V)
• Identify how the communication of the engagement results in the appropriate parties and monitoring management’s progress toward the implementation of recommendations or action plans (Domain V)

Bio:

Liz Sandwith has been a member of the IIA Standards Board for the last 6 years. Because of her involvement in the IPPF Evolution project, the IIA asked her to stay on as a Special Adviser to the Standards Board, this role concluded July 2024. Liz is an Internal Audit and Risk Consultant sharing and supporting internal audit functions and CAEs based on her 34+ years in the internal audit profession. Liz is also an Audit and Risk Committee chair for an academy trust.

Registration Link 

Time & Date: Thursday, September 19th, 2024 from 10:00AM - 11:00AM CST

Cost:

• Members $13.13
• Non-Members $19.70

**Please Note: The cost of this meeting, similar to other KC IIA meetings, is included when registering using a Subscription. 

 CPE: 1 credit hour

 **Please note that there will be one additional 1-hour CPE sessions in the month of September 2024 covering the new Standards in-depth.  If you would like to register for the September 5th and/or 12th sessions, please refer to my previous emails for registration details.   Registration will be sent separately for the remaining session.  

Field of Study: Auditing

Program Level: Basic - No prerequisites or advanced preparation needed.

IIA–Kansas City Chapter Event Refund, Cancellation, and Complaint Policy:

The Chapter reserves the right to cancel an event due to insufficient participation or other unforeseen circumstances. If the Chapter cancels an event, the Chapter will notify registered attendees by e-mail a week prior to the event. Paid registrations will be refunded. No refunds will be granted for individual initiated cancelations. However, cancellations received prior to the posted registration deadline will receive a credit to attend a future meeting/seminar within one year.  (Same number of CPE as the one canceled.) Event registrations are always transferable, so substitutions are allowed if are unable to attend. The chapter will make every effort to offer timely, well-delivered, and relevant training program.  Please contact the IIA Secretary to register complaints related to the timeliness/accuracy of CPE credit reporting and the VP of Programs (Jamie.Paul@umb.com) regarding program delivery, complaints, or program content.

The Kansas City Institute of Internal Auditors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org.

Thank you for being KC IIA members and following us.

**Grace Dorman- President**

**Jamie Paul - VP Programs**

Officers and Governors – Kansas City IIA Chapter