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New IPPF | Definition | Statement of fundamental purpose, nature, and scope of internal auditing. | | Code of Ethics | Statement of principles and expectations governing behavior of individuals and organizations in the conduct of internal auditing. Description of minimum requirements for conduct. Describes behavioral expectations rather than specific activities. | | International Standards | Mandatory requirements consisting of: - Statements of basic requirements for professional practice of internal auditing and for evaluating effectiveness of it performance, which are internationally applicable at organizational and individual levels. Principle focused and provide framework for performing and promoting internal auditing. Includes Attribute, Performance, and Implementation Standards.
- Interpretations which clarify terms or concepts within the Statements.
Consider both Statements and Interpretations to understand and apply correctly. | | Position Papers | IIA statement to assist a wide range of interested parties, including those not in internal auditing profession, in understanding significant governance, risk or control issues and delineating related roles and responsibilities of internal audit. | | Practice Advisories | Address approach, methodology and considerations, but not detailed processes and procedures. Concise and timely guidance to assist internal auditors in applying Code of Ethics and Standards and promoting good practices. Includes practices relating to: international, country, or industry specific issues; specific types of engagements; and legal or regulatory issues. | | Practice Guides | Detailed guidance for conducting internal audit activities. Includes detailed processes and procedures, such as tools and techniques, programs, and step-by-step approaches, including examples of deliverables. |
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