Skip Ribbon Commands
Skip to main content
The Institute of Internal Auditors North AmericaBreadcrumb SeparatorStandards and GuidanceBreadcrumb SeparatorRecommended GuidanceBreadcrumb SeparatorPractice GuidesBreadcrumb SeparatorDeveloping the Internal Audit Strategic Plan Practice Guide

​Practice Guide: Developing the Internal Audit Strategic Plan
Recommended Guidance 

Developing the Internal Audit Strategic Plan Practice GuideFor internal audit to remain relevant, it must adapt to changing expectations and maintain alignment with organizational objectives. The internal audit strategy is fundamental to remaining relevant — playing an important role in achieving a balance between cost and value, while making meaningful contributions to the organization’s overall governance, risk management, and internal controls. A systematic and structured process can be used to develop the internal audit strategic plan, helping to enable the internal audit activity to achieve its vision and mission. This Practice Guide discusses critical steps necessary to develop a comprehensive internal audit strategic plan, including:

  1. Understand the relevant industry(ies) and the organization’s objectives.
  2. Consider the IPPF Standards and Guidance.
  3. Understand stakeholder expectations.
  4. Update the internal audit vision and mission.
  5. Define the critical success factors.
  6. Perform a SWOT analysis.
  7. Identify key initiatives.

Downloads and Links

English    French   Spanish     Turkish​     Members Only

Practice Guides are restricted to IIA members only.  

Non-members may purchase this Practice Guide from the IIA Bookstore.

An updated edition of the International Professional Practices Framework (IPPF) guide, more commonly known as the Red Book, is now available. Visit the IIA Bookstore for more information.