Past Events

Implementing the new Global Internal Audit Standards (GIAS) is essential to ensure that internal audit function in the public sector remains effective and aligned with the latest global best practices. With the rapidly evolving public sector environment including increased complexity, emerging risks, and stricter regulatory requirements, internal auditors must adapt to maintain their critical role in organizational governance, risk management, and control. The Institute of Internal Auditors (The IIA) has prescribed a timeline for organizations, including those in the public sector, to begin transitioning to the new Standards effective January 9, 2025. This timeline provides a clear pathway for organizations to align their audit practices with the new framework, which addresses contemporary challenges such as terminology integration, legal updates, stakeholder engagement, and others.

The Czech Republic is a PEMPAL member country that strongly supports the implementation of the GIAS in the public sector. The Czech Republic has embedded compliance with GIAS as a legal requirement. The Ministry of Finance, which is responsible for coordinating public sector internal audit, has taken steps to facilitate GIAS implementation, including support in GIAS translation, internal audit methodology update, and training delivery.

The Czech Republic’s experience offers valuable practical insights for peers who are at the early stage of GIAS implementation in the public sector. 

Participants are invited to actively engage in discussion, share perspectives, raise questions, and explore ways to enhance GIAS implementation in the public sector.