Factsheet - Practical Application of Topical Requirements

Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit, Internal Audit Management, IPPF/Standards

Format

Factsheet

Extract/Description

Topical Requirements are a mandatory component of the 'International Professional Practices Framework' (IPPF), in addition to the 'Global Internal Audit Standards'. The Topical Requirement can be documented in the
internal audit plan or in the engagement workpapers based on the auditor’s professional judgment. This Factsheet highlights ways to incorporate the assessment and documentation of Topical Requirements into either of these two
existing internal audit processes.

Key Points

1. Topical Requirements can be considered in the development of the internal audit plan.

2. Internal auditors are to identify and assess applicable Topical Requirements as part of individual engagement planning processes.

3. Topical Requirements should be incorporated into an internal audit function’s methodology.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes