This Knowledge Brief cross-references elements of the International Professional Practices Framework (IPPF), issued by The Institute of Internal Auditors (IIA), with generally accepted government auditing standards (GAGAS), issued by the U. S. Government Accountability Office (GAO). This side-by-side comparison and accompanying text is especially designed to support organizations that strive to follow both guidance frameworks. Both frameworks are subject to regular review; this publication is based on the January 2017 revision of the IPPF and the December 2011 revision of GAGAS.
The following 11 common issues that arise when using both sets of standards are discussed:
Issue 1 – Consulting in the IPPF Compared to Consulting in GAGAS
Issue 2 – Independence in the Performance of Audit Services
Issue 3 – Performing Nonaudit Work
Issue 4 – Reviewing the Organization’s Ethics Program
Issue 5 – Risk Assessment for Overall Audit Planning
Issue 6 – External Quality Assurance Review
Issue 7 – Quality Assurance Systems
Issue 8 – Reporting Compliance and/or Conformance
Issue 9 – Fraud
Issue 10 – Follow-up on Previous Audits
Issue 11 – Continuing Professional Education (CPE)
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