IIA to Explore Improvements To International Professional Practices Framework
Goal is to ensure continued relevance of IPPF
LAKE MARY, Fla. (March 29, 2021) – Internal audit’s mission to “enhance and protect organizational value” has never meant more amid a world that grows increasingly complex. Internal auditors help their organizations confront the challenges by providing timely and objective “assurance, advice, and insight” built upon a strong foundation – The IIA’s the International Professional Practice Framework (IPPF).
The IIA has the responsibility of ensuring the IPPF remains reliable and relevant, and delivered in a way that provides structure and clear guidance. As part of this ongoing process, and to continue to meet the demands of internal audit professionals and the expectations of their stakeholders, The IIA will be seeking input and perspectives on the current IPPF, its accompanying International Standards for the Professional Practice of Internal Auditing (Standards), and authoritative guidance. Details will be announced at a later date.
The International Internal Audit Standards Board, which develops, issues, maintains, and promotes the Standards, is beginning to explore whether opportunities exist to improve the IPPF and Standards to ensure they continue to effectively support internal audit professionals in fulfilling their mission.
“The IPPF should not be considered a static document, something that might be scanned but then ignored. It and the Standards are valuable resources that drive our profession forward as an indispensable component of effective governance,” said IIA President and CEO Richard F. Chambers, CIA, QIAL, CGAP, CCSA, CRMA. “Are there opportunities for improvement to ensure internal auditors are relevant today and tomorrow? We want to answer that question and more.”
For more about the IPPF, please visit the Standards and Guidance section on either The IIA’s North American or Global website.
About The Institute of Internal Auditors
The Institute of Internal Auditors (IIA) is the internal audit profession’s most widely recognized advocate, educator, and provider of standards, guidance, and certifications. Established in 1941, The IIA today serves more than 200,000 members in nearly 200 countries and territories. The IIA’s global headquarters are in Lake Mary, Fla. For more information, visit www.theiia.org or www.globaliia.org.