-
Business Risk Services
Grant Thornton can help your organisation successfully manage risk, while embracing innovation and harnessing the right technology to deliver effective customer centric solutions tailored to your specific needs.
-
Consulting
The Grant Thornton FS Consulting team have a wealth of experience across a wide range of issues. From banks to insurance companies, the FS Consulting team have branched into all areas of Financial Services. Our FS Consulting team can help you with an array of issues, and guide you through the journey.
-
Corporate Finance
Grant Thornton’s Corporate Finance team has built up a vast range of experience providing a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
-
Financial Accounting and Advisory Services (FAAS)
Our team of experts here at Grant Thornton is committed to providing best-in-class solutions to help our clients effectively overcome the hurdles associated with complex regulatory compliance requirements, especially when entering new markets.
-
Forensic Accounting
Organisations may undergo some type of dispute or internal investigation during their lifetime. Our Forensic Accounting team can seek evidence that can make the difference between finding the truth or being left in the dark.
-
Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
-
Sustainability Desk
Grant Thornton’s team of experts provides a wide range of sustainability solutions, combining our knowledge of sustainability with our deep experience in providing professional services.
These new Standards will become effective January 9, 2025. The previous version, the International Standards for the Professional Practice of Internal Auditing, released in 2017, will remain approved for use during the one-year transition period.
To meet the needs of modern-day internal auditors, the IIA undertook a comprehensive update aimed at enhancing the clarity and applicability of the Standards. By grouping the Standards into five Domains and providing implementation guidance, the updated Global Internal Audit Standards™ offer clearer and more direct guidance.
These changes equip internal auditors to address real-world situations effectively and remain relevant in the face of emerging risks.
The updated Standards are poised to elevate the quality of internal audit services worldwide, empowering internal auditors to provide independent, objective, efficient, and impactful assurance and advice that aligns with organisational goals.
As internal auditors adopt these updated standards, they can confidently navigate the ever-changing risk landscape, ensuring the success of their organisations, and adding significant value to stakeholders.
This publication provides insights into the changes in the standards, the impact on your role as a Head of Internal Audit, and practical steps to implement the new standards effectively.