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Practice Advisories

Practice Advisories assist internal auditors in applying the Definition of Internal Auditing, the Code of Ethics, and the Standards and promoting good practices. Practice Advisories address internal auditing's approach, methodologies, and consideration, but not detail processes or procedures. They include practices relating to international, country, or industry-specific issues; specific types of engagements; and legal or regulatory issues.

Practice Advisories are available as a members only download or can be purchased as part of the International Professional Practices Framework from the IIA-Australia's Bookstore. 

Practice Advisories

Practice Advisory 1000-1: Internal Audit Charter ( , 8 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1000 - the purpose, authority, and responsibility of the internal audit activity must be formally defined in an internal audit charter, consistent with the Definition of Internal Auditing, the Code of Ethics, and the Standards. The chief audit executive must periodically review the internal audit charter and present it to senior management and the board for approval.

Practice Advisory 1110-1: Organisational Independence ( , 8 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1110 - the chief audit executive must report to a level within the organisation that allows the internal audit activity to fulfill its responsibilities. The chief audit executive must confirm to the board, at least annually, the organisational independence of the internal audit activity.

Practice Advisory 1111-1: Board Interaction ( , 5 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1111 - the chief audit executive must communicate and interact directly with the board.

Practice Advisory 1120-1: Individual Objectivity ( , 10 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1120 - internal auditors must have an impartial, unbiased attitude and avoid any conflict of interest.

Practice Advisory 1130.A1-1: Assessing Operations for which Internal Auditors Were Previously Responsible ( , 4 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1130.A1 - internal auditors must refrain from assessing specific operations for which they were previously responsible. Objectivity is presumed to be impaired if an auditor provides assurance services for an activity for which the auditor had responsibility within the previous year.

Practice Advisory 1130.A2-1: Internal Audit's Responsibility for Other (Non-audit) Functions ( , 14 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1130.A2 - asssurance engagements for functions over which the chief audit executive has responsibility must be overseen by a party outside the internal audit activity.

Practice Advisory 1130-1: Impairment to Independence or Objectivity ( , 14 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1130 - if independence or objectivity is impaired in fact or appearance, the details of the impairment must be disclosed to appropriate parties. The nature of the disclosure will depend upon the impairment.

Practice Advisory 1200-1: Proficiency and Due Professional Care ( , 6 KB )
31-Dec-08 | Practice Advisory | IIA Australia | Access: All Members
Practice advisory supporting standard 1200 - engagements must be performed with proficiency and due professional care.

Practice Advisory 1210.A1-1: Obtaining External Service Providers to Complement the Internal Audit Activity ( , 27 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1210.A1 - The chief audit executive must obtain competent advice and assistance if the internal auditors lack the knowledge, skills, or other competencies needed to perform all or part of the engagement.

Practice Advisory 1210-1: Proficiency ( , 16 KB )
31-Dec-08 | Practice Advisory | IIA Global | Access: All Members
Practice advisory supporting standard 1210 - internal auditors must possess the knowledge, skills, and other competencies needed to perform their individual responsibilities. The internal audit activity collectively must possess or obtain the knowledge, skills, and other competencies needed to perform its responsibilities.

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