{"id":9235,"date":"2020-05-14T13:56:13","date_gmt":"2020-05-14T11:56:13","guid":{"rendered":"https:\/the-iia-releases-new-practice-guide-developing-a-risk-based-internal-audit-plan\/"},"modified":"2020-05-14T13:56:13","modified_gmt":"2020-05-14T11:56:13","slug":"the-iia-releases-new-practice-guide-developing-a-risk-based-internal-audit-plan","status":"publish","type":"post","link":"https:\/\/vaa.lt\/en\/the-iia-releases-new-practice-guide-developing-a-risk-based-internal-audit-plan\/","title":{"rendered":"The IIA Releases New Practice Guide: Developing a Risk-based Internal Audit Plan"},"content":{"rendered":"

With the pace of change accelerating and risks shifting in nearly inconceivable ways, proactive chief audit executives are assessing risks continuously and responding nimbly by adjusting audit plans. This practice guide provides practical examples and a flexible yet systematic approach to developing internal audit\u2019s risk assessment and plan of engagements. The guide offers information equally useful to CAEs and internal audit managers leading or assisting with the development of a new internal audit plan for the first time, as well as CAEs and other internal auditors assigned to support the refreshment of internal audit\u2019s comprehensive risk assessment and audit plan.<\/p>\n

To add value and improve an organization\u2019s effectiveness, internal audit priorities should align with the organization\u2019s objectives and should address the risks with the greatest potential to affect the organization\u2019s ability to achieve those objectives. This is the essence of internal audit planning based on an assessment of risks, as described in Standards 2010 \u2013 Planning, 2010.A1, 2010.A2, and 2010.C1.<\/p>\n

This practice guide will help CAEs and internal auditors create and maintain a risk-based internal audit plan. The guide describes a systematic approach to:<\/p>\n