Please join us on FRIDAY, September 27th for the fourth (and final) 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 # 4 (Domains I and IV)

Location: Virtual / Zoom

Delivery Method: Group Internet Based

Presenter:  Liz Sandwith CFIIA

Overview: 

Domain I starts with a Purpose Statement — Internal auditing strengthens the organization’s ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight. It combines elements from the current Definition of Internal Auditing and the Mission of Internal Audit. The Purpose Statement also includes a list of the conditions necessary to optimize the benefits from internal auditing such as how internal auditing contributes to improvements in organizational performance and the circumstances under which internal auditing is optimized.

Domain IV focuses on the chief audit executive’s responsibility for managing the internal audit function in accordance with the internal audit charter and Global Internal Audit Standards. This responsibility includes strategic planning, obtaining and deploying resources, building relationships, communicating with stakeholders, and ensuring and enhancing the performance of the function. The specific job title and responsibilities may vary across organizations. The chief audit executive may delegate appropriate responsibilities to other qualified professionals in the internal audit function while retaining ultimate accountability. The direct reporting relationship between the board and the chief audit executive enables the internal audit function to fulfill its mandate.

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 and importance of the Purpose Statement, (Domain I) from both a chief audit executive and practicing internal auditor’s perspective
• Learn how Domain IV (Managing the Internal Audit Function) will enhance communication between the chief audit executive and the internal audit functions stakeholders
• Discuss the importance of the chief audit executive creating a strategy to position the internal audit function to fulfill its mandate and achieve long-term success (Domain IV)
• Identify how the chief audit executive is responsible for the internal audit function’s conformance with the Global Internal Audit Standards and continuous performance improvements

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: FRIDAY, September 27th, 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

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