In June 2019, the European Confederation of Institutes of Internal Auditing (ECIIA) adopted the Guidance on Internal Audit for the insurance industry.
The Insurance Committee has since reviewed the new Global Internal Audit Standards, which will take effect on January 9, 2025. Following a detailed analysis, it has been determined that a specific document for the insurance industry is no longer necessary.
The Global Internal Audit Standards will replace the guidance developed in 2019 on “Internal Audit in the Insurance Industry.”