IASAB | CIPFA

UK Public Sector Internal Audit Standards Advisory Board

Welcome to the website of UK Public Sector Internal Audit Standards Advisory Board (IASAB), established by the bodies responsible for setting Internal Audit Standards in the UK public sector.

The UK Public Sector Internal Audit Standards Advisory Board (IASAB) exists to promote high quality internal audit across the UK public sector. It does this mainly by advising the Relevant Internal Audit Standard Setters (RIASS) on the development and maintenance of the Public Sector Internal Audit Standards (PSIAS).

Latest news

April 2024 IASAB plan for UK public sector implementation

The Relevant Internal Audit Standard Setters (RIASS) have agreed to use the new GIAS as the basis for internal auditing for the UK Public Sector and have asked the UK Public Sector Internal Auditing Standards Advisory Board (IASAB) to carry out a review of the new standards with a view to identifying and producing any sector specific interpretations or other material needed to make them suitable for UK public sector use.

More information on the IASAB plans for the development of material for application in the UK public sector is provided here

January 2024: New global internal audit standards are issued - IASAB has started its review for the UK public sector

The International Internal Auditing Standards Board (IIASB) has issued the new Global Internal Audit Standards

The IASAB has begun its review of the new global standards. The format of the new standards is different from the current IPPF and some of the content is different. The IASAB will determine the implications for the PSIAS and will develop proposals for revised material which will be suitable for the UK public sector context. Any subsequent changes to the UK’s PSIAS, and their implementation, will be subject to consultation and appropriate transitional arrangements.

November 2023: IASAB will develop material for the UK public sector when the new global internal audit standards are issued

The International Internal Auditing Standards Board (IIASB) completed its consultation on new professional standards in May 2023. Nearly 19,000 specific comments came from 1,612 completed surveys. Development of the finalised standards is underway, and it is anticipated that these will be issued early in 2024, with application at some time in 2025.

The IASAB will undertake a review of the new global standards when they are issued. The format of the proposed new global standards is different from the current IPPF and some of the content is expected to be different. The IASAB will seek to determine the implications for the PSIAS as soon as possible, and will develop proposals for revised material which will be suitable for the UK public sector context.

Any subsequent changes to the UK’s PSIAS, and their implementation, will be subject to consultation and appropriate transitional arrangements.

May 2023: IASAB has responded to the consultation on global internal audit standards

IASAB responded to the International Internal Auditing Standards Board (IIASB) consultation on new professional standards on 30 May 2023.

The Internal Audit Standards Advisory Board (IASAB) generally supports the proposed new standards and welcomes their ambition. There were, however, some areas where IASAB felt that the approach might have unintended consequences. Additionally, the IASAB welcomed the consideration of the public sector within the new standards, but noted that the public sector material included was more jurisdiction specific than is appropriate for use in international standards.

The IASAB will undertake a review of PSIAS against the new global standards when they are confirmed by the IIA. Any subsequent changes to the UK’s PSIAS, and their implementation, will be subject to consultation and appropriate transitional arrangements.

More information on the IASAB response is provided on the IASAB news page