Guidance & Resources

​Standards & Guidance — International Professional Practices Framework (IPPF)®

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: Auditing Market Risk in Financial Institutions

Practice Guide: Auditing Market Risk in Financial Institutions

Market risk has always been considered a key risk for financial services organizations. Regulators and supervisors are focused on this risk, emphasizing the need for accurate models that can measure the capital impact of market activities on the financial viability of the institution.

These requirements and supervisors’ expanded expectations are giving internal audit a more relevant and active role in the assessment of market risk.

This guidance will enable internal auditors to understand:

  • The importance of market risk in a financial services context.
  • The regulatory environment and requirements related to market risk.
  • The risk governance and risk management processes surrounding market risk.
  • How to articulate the key components of market risk, including interest rate risk, equity risk, and foreign exchange risk.
  • How to apply the IPPF and risk-based internal audit techniques to assess and audit market risk in their organizations.

Members download.

Nonmembers may purchase Supplemental Guidance by visiting the IIA Bookstore.

Financial Services Practice Guides
Auditing Capital Adequacy and Stress Testing for Banks
NEW! Auditing Conduct Risk
Auditing Credit Risk Management
NEW! Auditing Market Risk in Financial Institutions​
Auditing Model Risk Management
Auditing Liquidity Risk: An Overview
Foundations of Internal Auditing in Financial Services Firms

Tools
NEW! Governance Toolkit
NEW! Internal Audit Assessment Tool
NEW! Cybersecurity Toolkit
NEW! Audit Report Toolkit​
NEW! Considerations for Reliance​
NEW! Determining Risk Owners​
NEW! Establishing Objectives and Scope​
NEW! Execute a Risk Assessment​
NEW! Impact and Likelihood Scales​
NEW! Mapping Process Flows​

Signature Studies
NEW! OnRisk 2021: A Guide to Understanding, Aligning and Optimizing Risk
NEW! 2020 American Corporate Governance Index
NEW! 2021 Pulse of Internal Audit and Financial Services Pulse Fact Sheet

 

 

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