The updated 2024 IIA Global Internal Audit
Standards emphasize the importance of communication and interactions between
Internal Audit, the Audit Committee, and Senior Management. The Standards
require the Director of Internal Audit to establish a formal plan to guide their
communications with the Audit Committee and the Senior Management. The plan
must define the frequency, nature, and content of these communications, to
ensure transparency, align on key issues, inform decision-making, and enhance
accountability.
