International professional practices framework Flashcards
What are the three elements of mandatory guidance relating to the IPPF?
Definition of internal auditing, code of ethics, International standards.
What is the definition of internal auditing according to the IIA?
Internal auditing is an independent, objective assurance and Consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes
What are the four principles of the IIA’s code of ethics
Integrity, objectivity, confidentiality, and competency.
What are the two categories that international standards are presented in? (IPPF)
- Atrribute standards.
2. Performance standards.
What do attribute standards focus on and what are the 4 primary themes?
- The IIA’s attribute standards focus on key characteristics of organizations and individuals performing internal audit activities. 2. The 4 primary themes are -purpose, authority, and responsibility - independence and objectivity -Proficiency and due professional care -Quality assurance and improvement program.