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Audit office begins implementation of new international internal audit standards; emphasizes strategic plan and cybersecurity topical guidance
Summary
The system internal audit director reported progress implementing the International Professional Practices Framework and new global internal audit standards, including a gap analysis, updated engagement letters, a published strategic plan, and a workplan to address topical requirements such as cybersecurity and research‑security risks.
The audit committee received an update on implementation of the International Institute of Internal Auditors’ new global internal audit standards and the office’s 2025 strategic priorities.
System internal audit director Missus (Ms.) Turner told the committee the rewrite of the standards — the most extensive in more than two decades — reorganizes guidance into five domains, emphasizes relationships with boards and senior leadership, requires a strategic plan and adds “topical requirements” (mandatory guidance on subjects…
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