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Professional Guidance

The IIA-Australia is the standard and guidance setting body for the internal audit profession globally and promotes guidance following rigorous due process. By providing authoritative guidance, the IIA-Australia sets the bar for internal audit efficiency, effectiveness, and professionalism.


International Professional Practices Framework (IPPF)

The IIA-Australia's International Professional Practices Framework (IPPF) forms the cornerstone of internal audit practice.

It consists of three mandatory components:
  • Definition of Internal Auditing
  • Code of Ethics
  • International Standards for the Professional Practice of Internal Auditing (Standards)

These mandatory components are principles-based and are relevant for any internal audit activity, whether in-house, outsourced or a combination. Mandatory components are available as a free download as part of the IIA-Australia's global efforts to define minimum standards for internal audit practice.
     IPPF Wheel of Knowledge

The IPPF also comprises three strongly recommended components:
  • Position Papers
  • Practice Advisories
  • Practice Guides

Recommended guidance has been developed to provide a wide range of applicable solutions to meet the requirements of the IIA-Australia’s mandatory guidance. Recommended components are available as a free download resource for members only.

Demonstrated compliance with the IIA-Australia’s Standards is a key way for organisations to ensure they are getting an appropriate level of assurance from their internal audit activity. Anyone with a strong interest in internal audit is encouraged to download and read these Standards, and ensure their internal audit activity is in compliance with these Standards.

You can purchase the full IPPF, including a book and interactive CD-ROM from our Australian Bookstore.

     

    Recent Updates to the IPPF

    The IIA-Australia undertakes a periodic refresh of its professional practices frameworks to ensure that guidance is up to date, and that the internal audit profession is operating at the highest standard.

    Updates since 1 January 2009 are listed below:

    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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