As of 9 January 2025, the transition period for the IIA Global Internal Audit Standards has ended, making it essential to assess compliance with the new standards.

In this article, we summarize the key changes introduced by the new standards and share insights into how organizations are adapting, from refining audit strategies to enhancing collaboration with senior management and assurance providers.

To ensure compliance with these standards, consider conducting a gap assessment or an external quality review. Our team at KPMG has the expertise to help you understand and integrate these standards into your department, allowing your team to remain focused on this year’s audit plan. Contact us to stay ahead of the curve.