1. The IPPF has undergone evolution, with the most recent significant changes in 2024.
2. The Global Internal Audit Standards are a mandatory element of the IPPF, containing 5 Domains, 15 Principles and Standards to outline the requirements for internal audit practice. Topical Requirements and Global Guidance are being developed.
3. Although other standards exist in the Australian environment, the Global Internal Audit Standards are key for the effective practice of internal auditing.