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IIA Global Internal Audit Standards (2024) for Risk Managers

What does IIA Global Internal Audit Standards (2024) require of a Risk Manager?

The IIA's mandatory standards for internal auditing worldwide, in force from 9 January 2025: 52 Standards under 15 Principles covering ethics and professionalism, how the board governs the internal audit function, how the chief audit executive manages it, and how engagements are planned, performed, reported and followed up. Under IIA Global Internal Audit Standards (2024), which defines 52 controls, a Risk Manager's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.

Which IIA Global Internal Audit Standards (2024) controls land on the Risk Manager

Risk Managers identify, assess, and prioritise organisational risks. They build risk registers, conduct risk assessments, define risk appetite, and ensure that compliance frameworks address the most material threats to the organisation.

IIA Global Internal Audit Standards (2024) defines 52 controls across 4 domains that directly affect the Risk Manager role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.

What a Risk Manager is accountable for under IIA Global Internal Audit Standards (2024)

1

Conducting enterprise risk assessments and maintaining the risk register

2

Defining risk appetite and tolerance levels with executive leadership

3

Mapping compliance controls to identified risks for coverage analysis

4

Monitoring key risk indicators (KRIs) and escalating emerging threats

5

Integrating compliance, operational, and strategic risk management

Where Risk Managers lose time on IIA Global Internal Audit Standards (2024)

These are the most common obstacles Risk Managers face when managing IIA Global Internal Audit Standards (2024) compliance, and how to address them:

Challenge 1

Quantifying cyber risk in financial terms that resonate with executives

Challenge 2

Identifying gaps between compliance control coverage and actual risk exposure

Challenge 3

Integrating risk data from siloed tools and departments

Challenge 4

Keeping risk assessments current as the threat landscape evolves

Challenge 5

Prioritising remediation when resources are limited

A working order for a Risk Manager starting on IIA Global Internal Audit Standards (2024)

1. Readiness Assessment

Take a 5-minute readiness assessment to identify your organisation's current gap profile against IIA Global Internal Audit Standards (2024). Get a prioritised action plan tailored to your specific situation.

2. Cross-Framework Mapping

Use our platform to map IIA Global Internal Audit Standards (2024) controls against other frameworks you already comply with. Identify overlapping controls to reduce duplicate effort.

3. Build Your Toolkit

Equip yourself with IIA Global Internal Audit Standards (2024) toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Risk Managers managing compliance programmes.

4. Continuous Monitoring

Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.

IIA Global Internal Audit Standards (2024) in your sector

IIA Global Internal Audit Standards (2024) for Healthcare→IIA Global Internal Audit Standards (2024) for Financial Services→IIA Global Internal Audit Standards (2024) for Technology→IIA Global Internal Audit Standards (2024) for Government→IIA Global Internal Audit Standards (2024) for Manufacturing→IIA Global Internal Audit Standards (2024) for Energy→IIA Global Internal Audit Standards (2024) for Retail→IIA Global Internal Audit Standards (2024) for Education→

Who else owns part of IIA Global Internal Audit Standards (2024)

IIA Global Internal Audit Standards (2024) for CISOsView guide →IIA Global Internal Audit Standards (2024) for Compliance OfficersView guide →IIA Global Internal Audit Standards (2024) for IT DirectorsView guide →IIA Global Internal Audit Standards (2024) for DPOsView guide →IIA Global Internal Audit Standards (2024) for AuditorsView guide →

Questions Risk Managers ask about IIA Global Internal Audit Standards (2024)

What does a Risk Manager need to know about IIA Global Internal Audit Standards (2024)?
As a Risk Manager, your key responsibilities under IIA Global Internal Audit Standards (2024) include conducting enterprise risk assessments and maintaining the risk register and defining risk appetite and tolerance levels with executive leadership. The framework contains 52 controls that fall within your area of responsibility. Understanding which controls you own versus which are shared with other teams is critical for effective implementation.
How does IIA Global Internal Audit Standards (2024) affect the Risk Manager role?
IIA Global Internal Audit Standards (2024) directly impacts Risk Managers through conducting enterprise risk assessments and maintaining the risk register, defining risk appetite and tolerance levels with executive leadership, mapping compliance controls to identified risks for coverage analysis. The framework provides structure that helps Risk Managers demonstrate due diligence and report compliance status to stakeholders.
What are the biggest IIA Global Internal Audit Standards (2024) challenges for Risk Managers?
Common challenges include quantifying cyber risk in financial terms that resonate with executives; identifying gaps between compliance control coverage and actual risk exposure; integrating risk data from siloed tools and departments. Using cross-framework mapping tools and automated evidence collection can significantly reduce these pain points.
How should a Risk Manager prepare for a IIA Global Internal Audit Standards (2024) audit?
Start by conducting a readiness assessment to identify gaps. Then focus on mapping compliance controls to identified risks for coverage analysis and monitoring key risk indicators (kris) and escalating emerging threats. Maintain a current evidence repository and ensure all control owners have documented their processes. Our readiness reports provide a prioritised action plan specific to your gap profile.
What tools help Risk Managers manage IIA Global Internal Audit Standards (2024) compliance?
Effective IIA Global Internal Audit Standards (2024) compliance management requires tools for gap analysis, control mapping, evidence collection, and reporting. Our compliance platform provides AI-powered gap analysis across 1,305 frameworks with 315K+ verified control-to-control mappings, helping Risk Managers identify overlapping requirements and reduce duplicate compliance effort.

Risk Manager: How ready is your organisation for IIA Global Internal Audit Standards (2024)?

Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.

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Written and maintained by Gerard Blokdyk, The Art of Service.Last updated .