Leaders Link - The Institute Of Internal Auditors  


January 2012
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New IPPF Practice Guide Released: Reliance by Internal Audit on Other Assurance Providers

The IIA’s International Professional Practices Framework (IPPF) has released a new practice guide entitled “Reliance by Internal Audit on Other Assurance Providers.”

Ever-increasing compliance requirements and business complexity have driven companies to establish or procure additional risk management and assurance functions. The objectives of other assurance providers are often interrelated with those of the chief audit executives (CAE) and internal audit leadership. The challenge to CAEs is to incorporate the results of these providers with the work of internal audit to communicate a comprehensive opinion to key stakeholders.

As part of the IPPF, this practice guide utilizes the fundamental principles established by the Standards to provide a process for valuing the work of others and assessing the reliability of assurance providers. Ultimately, responsible coordination attracts greater reliance on internal audit, decreasing the cost of compliance and increasing the efficiency for providing assurance.

IIA Practice Guides provide guidance for conducting internal audit activities. They represent strongly recommended guidance that includes detailed processes and procedures, such as tools and techniques, programs, and step-by-step approaches for effective implementation of The IIA mandatory guidance.

All of the guides are available as a free download to members. Guides are available for purchase for nonmembers through The IIA Research Foundation Bookstore. Download your copies today!