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

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

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

The IPPF provides a globally accepted rigorous basis for the operation of an Internal Audit function. It includes mandatory elements such as the Global Internal Audit Standards and Topical Requirements, with non-mandatory Global Guidance.

Key Points

  1. The IPPF has undergone evolution, with the most recent significant changes in 2024.
  2. The Global Internal Audit Standards are a mandatory element of the IPPF, containing 5 Domains, 15 Principles and Standards to outline the requirements for internal audit practice. Topical Requirements and Global Guidance are being developed.
  3. Although other standards exist in the Australian environment, the Global Internal Audit Standards are key for the effective practice of internal auditing.

Relevant Industries

All

Level of Assumed Knowledge

Beginner

Aligned to Global Internal Audit Standards

Yes