Standards & Guidance — International Professional Practices Framework (IPPF)®
The International Professional Practices Framework (IPPF) is the conceptual framework that organizes authoritative guidance promulgated by The Institute of Internal Auditors. A trustworthy, global, guidance-setting body, The IIA provides internal audit professionals worldwide with authoritative guidance organized in the IPPF as
mandatory guidance and recommended guidance.
Practice Guide: Foundations of Internal Auditing in Financial Services Firms
The demand for internal auditors with financial services
knowledge and experience is growing rapidly, propelled by regulatory pressures
to appropriately staff internal audit programs with the right volume and
caliber of resources. This has led many internal audit activities within the
highly regulated financial services industry to increase their staff in
accordance with the new global operating environment and in terms of quality
To prepare auditors for this challenging environment, The
IIA sought expertise from global professionals to develop this new guide.
Intended as a solid foundation in the field of financial services auditing,
which includes the insurance sector, the guide helps bridge the gap that exists
between the typical internal audit universe and that of the highly specialized
world of financial services.
regulatory landscape in financial services.
risk landscape in financial services.
principles of sound governance.
with the first and second lines of defense.
IIA members are invited to download this guidance
and all guidance as a benefit of membership. Nonmembers may purchase
Supplemental Guidance by visiting the IIA Bookstore