Professional Standards - New IPPF Defined Flashcards
What does IPPF stand for and when was the latest version implemented?
International Professional Practices Framework - issued Jan 2017.
What is IPPF?
It is the conceptual framework that organizes the authoritative guidance promulgated by the Institute of Internal Auditors.
The authoritative guidance is composed of two categories.
Mandatory guidance and recommended guidance.
What does the mission of the internal audit describe?
It describes internal audits’ primary purpose and overarching goal.
Achievement of the mission is supported by…
New IPPF of 2017 Core Principles Definition of Internal Auditing Code of Ethics Standards
Mission =
Purpose + Goals + Objectives
Authoritative Guidance =
Mandatory Guidance + Recommended Guidance
Mandatory Guidance =
Core Principles + Definition + Code of Ethics + Standards
Recommended Guidance =
Implementation Guidance + Supplemental Guidance
New IPPF =
Mission + Mandatory Guidance + Recommended Guidance
