Professional Practices Framework [for internal auditors]

Publication Date: 1999
Published by: Altamonte Springs, USA: Institute of Internal Auditors
Document Type: Other (HTML)

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The practices framework offers practitioners a full range of internal audit guidance.

This report aims to organize the full range of existing and developing practice guidance in a manner that is readily accessible on a timely basis to internal auditors. By encompassing current internal auditing practice as well as leading future expansion, the PPF is intended to assist practitioners in being responsive to the expanding market for high quality internal auditing services

Consists of three categories of guidance.

• Mandatory Guidance: consists of core materials: the Code of Ethics and the Standards for the Professional Practice of Internal Auditing. Mandatory guidance has been submitted for review by the profession through the Exposure Draft process and is considered to be essential for the professional practice of internal auditing. These are available online
• Practice Advisories: is strongly recommended and endorsed by the IIA but is not mandatory. In part, Practice Advisories may help to interpret the Standards or to apply them in specific internal audit environments. Although some Practice Advisories may be applicable to all internal auditors, others may be developed to meet the needs of a specific industry, a specific audit specialty, or a specific geographic area. All Practice Advisories will be submitted to a formal review process by The Institute's Professional Issues committee or other group designated by the Guidance Planning Committee. Within the Professional Practices Framework, significant portions of the information contained in the Guidelines of the "Red Book" have been converted to Practice Advisories. These arave available online to IIA members only
• Development & Practice Aids: includes of a variety of materials that are developed and/or endorsed by The IIA. This category includes research studies, books, seminars, conferences, and other products and services related to the professional practice of internal auditing that do not meet the criteria for inclusion in Mandatory Guidance or Practice Advisories. Development & Practice Aids can help to implement the guidance offered in the Code of Ethics, Standards, and Practice Advisories