IIA-Australia Factsheet - International Professional Practices Framework (IPPF) 

IIA-Australia Factsheet - International Professional Practices Framework (IPPF) 

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Author

IIA-Australia

Date

2023

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

The IPPF provides a globally accepted rigorous basis for the operation of an Internal Audit function. Mandatory provisions are the subject of public exposure, with formal consideration of comments received from IIA members and non-members.

Key Points

  1. The mission statement reflects what the profession strives to accomplish.
  2. The definition focuses on what internal audit is. 
  3. The Code of Ethics focuses on behaviour. 
  4. Internal auditors rely on the standards to guide the profession and how the profession is practiced. 
  5. Core principles highlight what effective Internal Audit looks like in practice.

Relevant Industries

All

Level of Assumed Knowledge

Beginner