International Professional Practices Framework (IPPF) - 2017 Edition - eBook

The Mission of Internal Audit describes internal audit’s primary purpose and overarching goal. Achievement of the mission is supported by the entire IPPF. The IPPF is comprised of Mandatory and Recommended Guidance:

Mandatory Guidance: Conformance with the principles set forth in Mandatory Guidance is required and essential for the professional practice of internal auditing. Mandatory Guidance is developed following an established due diligence process, which includes a period of public exposure for stakeholder input.

The mandatory elements of the IPPF are:

                        Core Principles for the Professional Practice of Internal Auditing.

                        Code of Ethics.

                        International Standards for the Professional Practice of Internal Auditing (Standards).

                        Definition of Internal Auditing.

Recommended Guidance: Recommended Guidance is endorsed by The IIA through a formal approval process. It describes practices for effective implementation of The IIA’s Core Principles, Definition of Internal Auditing, Code of Ethics, and Standards.

The recommended elements of the IPPF are:

                        Implementation Guidance.

                        Supplemental Guidance.