2/23/2025 Report Auditee: Internal Audit Report Category: Staff Report Read the ReportCommittee Meeting Why this Audit Matters The 2024 Global Internal Audit Standards, effective January 2025, require the Chief Audit Executive (CAE) to develop, implement, and maintain a Quality Assurance and Improvement Program (QAIP) that covers all aspects of internal audit activities. Appendices Appendix - 1 Quality Assurance and Improvement Program SummaryAppendix - 2 External Quality Assessment Plan