The Internal Audit Agency (IAA) of Ghana has officially announced the national adoption of the Global Internal Audit Standards (GIAS), released by the Institute of Internal Auditors (IIA), Global. This move aligns with the IAA’s mandate under the Internal Audit Agency Act, 2003 (Act 658), to establish accepted standards, guidelines, and procedures for public sector internal auditing in Ghana.
The GIAS, launched on January 9, 2024, provides a framework for internal auditors worldwide, organizing the authoritative body of knowledge necessary for professional practice. It introduces 15 Guiding Principles supported by standards aimed at enhancing the quality of internal audit functions globally.
Under the transitional arrangements, the old standards will remain effective until the full adoption of the new GIAS by January 9, 2025. The IAA encourages early adoption, emphasizing the importance of aligning practices with the updated framework.
In the coming days, the IAA plans to collaborate with stakeholders to educate and raise awareness about the adoption and integration of the GIAS into public sector internal audit activities. This ensures that Ghana’s public sector internal audit practices are at all times in line with global standards
Read the full statement below:
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