Issue - meetings

To be informed and assured of the pending implementation of the Global Internal Audit Standards.

Natalie Jerams, Deputy Head of Southern Internal Audit Partnership presented the report on the implementation of the Global Internal Audit Standards (GIAS), which will replace the Public Sector Internal Audit Standards from April 1, 2025. The report highlighted the key differences between the existing standards and the new GIAS, emphasising the need for compliance to ensure effective internal audit functions. The Southern Internal Audit Partnership had conducted a self-assessment and developed an action plan to align with the new standards. Engagement with senior management and the Audit Committee will continue to refine the Internal Audit Strategy and performance measures. There were no direct financial implications, but effective internal audit was crucial for risk management.

The Committee resolved to agree they had been informed and assured of the pending implementation of the Global Internal Audit Standards.