International Professional Practices Framework (IPPF)
The International Professional Practices Framework (IPPF) is the conceptual framework that organizes authoritative guidance promulgated by The IIA. A trustworthy, global, guidance-setting body, The IIA provides internal audit professionals worldwide with authoritative guidance organized in the IPPF as mandatory guidance and recommended guidance.
Mission of Internal Audit
The Mission of Internal Audit articulates what internal audit aspires to accomplish within an organization. Its place in the new IPPF is deliberate, demonstrating how practitioners should leverage the entire framework to facilitate their ability to achieve the Mission:
To enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight.
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
International Standards for the Professional Practice of Internal Auditing (Standards)
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: