Linkedin
Facebook
Email
more
Introduction
On January 9, 2025, the mandatory implementation of the 2024 Global Internal Audit Standards took effect, superseding the 2017 International Professional Practices Framework. Introduced on January 9, 2024, these standards have begun revolutionizing internal auditing globally, and just two months into their application, they are yielding notable benefits for Kenya.
Due to fast economic growth, regulatory changes and rising governance changes, this framework offers businesses a powerful toolkit to strengthen resilience, enhance decision-making and build trust with various stakeholders. Despite it being designed for auditors, its real value lies in how businesses can use it to pivot operational excellence and strategic success.
This newsletter looks into these standards and how you can prepare to effect them.
Caveat
This newsletter has been prepared by RSM (Eastern Africa) Consulting Ltd, and the views are those of the firm, independent of its directors, employees and associates. This newsletter is for general guidance, and does not constitute professional advice. Accordingly, RSM (Eastern Africa) Consulting Ltd, its directors, employees, associates and its agents accept no liability for the consequences of anyone acting, or refraining from acting, in reliance on the information contained herein or for any decision based on it. No part of the newsletter may be reproduced or published without prior written consent. RSM (Eastern Africa) Consulting Ltd is a member firm of RSM, a worldwide network of accounting and consulting firms. RSM does not offer professional services in its own name and each member firm of RSM is a legally separate and independent national firm.