🌟 Week 2: GIAS Implementation Plan – Strengthening the Framework 🌟
Welcome to Week 2 of our "GIAS in Action: Transforming Internal Auditing with the GIAS Framework"! After a successful Week 1, where we established the foundation, strategy, policies, and technology, Week 2 focuses on strengthening the internal audit framework, embedding quality, and preparing for execution.
🎯 Focus for Week 2:
Enhancing readiness for GIAS compliance through stakeholder collaboration, detailed planning, and resource optimization.
Day 6: Stakeholder Collaboration – Defining Roles and Expectations
Key Actions:
- Facilitate a stakeholder workshop to clearly define roles, responsibilities, and expectations for the internal audit function.
- Establish a communication framework for ongoing engagement with key stakeholders.
- Identify resource needs (financial, human, and technological) and align them with GIAS requirements.
✅ Deliverables:
- Documented roles and responsibilities.
- Approved stakeholder communication plan.
Day 7: Deep Dive into Risk Management – Refining the Audit Scope
Key Actions:
- Revisit the risk assessment conducted in Week 1 and refine the audit scope based on emerging risks or feedback.
- Conduct a focused workshop on risk prioritization techniques, including scenario analysis and risk impact mapping.
- Develop a comprehensive risk register aligned with GIAS principles.
✅ Deliverables:
- Updated risk assessment and risk register.
- Refined audit scope.
Day 8: Execution Readiness – Preparing for Initial Audits
Key Actions:
- Finalize the internal audit engagement calendar based on the risk-based audit plan.
- Assign audit engagements to team members, ensuring alignment with their expertise and GIAS standards.
- Conduct pre-audit planning meetings for the first set of engagements.
✅ Deliverables:
- Finalized engagement calendar.
- Assigned audit responsibilities.
Day 9: Embedding Quality – Internal Audit Team Training
Key Actions:
- Deliver a comprehensive training session on conducting GIAS-compliant audits, focusing on:
- Engagement planning and execution.
- Reporting and communication best practices.
2. Introduce the QAIP framework and its application in audit engagements.
✅ Deliverables:
- Trained internal audit team.
- Training materials and attendance records.
Day 10: Process Optimization – Enhancing Efficiency
Key Actions:
- Review internal audit processes and identify opportunities for optimization (e.g., workflow improvements, automation).
- Implement time-saving techniques and best practices to streamline audit execution.
- Set performance benchmarks and key performance indicators (KPIs) for audit efficiency.
✅ Deliverables:
- Optimized internal audit processes.
- Defined KPIs for audit performane
Let’s continue the journey toward GIAS excellence together! 🚀
Day 4: Technology Integration
👉 https://www.linkedin.com/posts/amer-morgan-cia-crma-cfe-82095023_theiia-gias-internalaudit-activity-7284482129227370496-3PXi
Day 5: Communication and Feedback
👉 https://www.linkedin.com/posts/amer-morgan-cia-crma-cfe-82095023_gias-internalaudit-auditexcellence-activity-7284825420972126208-Vsdp
