Standards & Guidance — International Professional Practices Framework (IPPF)
The International Professional Practices Framework (IPPF) is the conceptual framework that organizes authoritative guidance promulgated by The Institute of Internal Auditors. A trustworthy, global, guidance-setting body, The IIA provides internal audit professionals worldwide with authoritative guidance organized in the IPPF as mandatory guidance and strongly recommended guidance.
International Professional Practices Framework IPPF
International Standards for the Professional Practice of Internal Auditing (Standards)
Standards are principle-focused and provide a framework for performing and promoting internal auditing. The Standards are mandatory requirements consisting of:
Statements of basic requirements for the professional practice of internal auditing and for evaluating the effectiveness of its performance. The requirements are internationally applicable at organizational and individual levels.
Interpretations, which clarify terms or concepts within the statements.
Glossary terms.
It is necessary to consider both the statements and their interpretations to understand and apply the Standards correctly. The Standards employ terms that have been given specific meanings as noted in the Glossary, which is also part of the Standards.
Revised Standards, Effective January 1, 2013
The International Internal Audit Standards Board (IIASB) recently proposed changes to the Standards after consideration of input it received from internal auditors and stakeholders, as well as global surveys and other research focused on the International Standards for the Professional Practice of Internal Auditing (Standards). The IIASB released the revision to the Standards following the consideration and approval of due process by the International Professional Practice Framework Oversight Council (IPPFOC). The new Standards will be effective on January 1, 2013.
