Please enable JavaScript.
Coggle requires JavaScript to display documents.
CHAPTER 2 INTERNATIONAL PROFESSIONAL PRACTICES FRAMEWORK (IPPF)…
CHAPTER 2
INTERNATIONAL PROFESSIONAL PRACTICES FRAMEWORK
(IPPF)
INTRODUCTION
The IPPF is :conceptual framework organises the authoritative guidance promulgated by IIA.
IIA : is a guidance setting body,trustworly global by providing internal audit professional worldwide
MISSION OF INTERNAL AUDITING
To enhence and protect organisational values by providing risk base and objective assurance,advice and insight
MANDATORY GUIDANCE
mandatory guidance guidance required and essential not optimal for the professional practice of internal auditors
ELEMENTS
CORE PRINCIPLES: Articulate internal audit effectiveness if principles are operating effectively
DEFINTION
purpose,nature and scope of internal auditing
2.CODE OF ETHICS
discribe minimum requirements towards conduct and behaviour
purpose is to promote ethical culture in professiona of interna auditing
PRINCIPLES
1.INTERGRITY
2.OBJECTIVITY
3.CONFINENTIALITY
4.COMPETENCY
STANDARDS
are criteria and statement of basic or core requirenents against which activities of IA evaluate and measures
PURPOSE
delicate basic prinspiles that present the practice of interna auditing
TWO MAIN CATEGORIES
ATTRIBUTES STANDARDS address characteristics and qualities of individuals, organisation ,of internal audit activities
2.PERFORNANCE STANDARDS describe the nature of the interna audit process
STANDARDS CONSIST OF :
IMPLEMENTATION STANDARDS this implementation standards under mandatory guidance
IINTERPTATIONS which clarify terms or concepts within attribute, performance and implementation standards
RECOMMENDENDED GUIDANCE
Iin general describe practice for effective implementation mandatory guidance adherence it is optimal not compulsory
ELEMENTS
1.SUPPLEMENTAL GUIDANCE replace old pactice, assist wide range parties (not only IA)
IMPLEMENTATION GUIDANCE replace old advisories effective on 1 Jan 2017 and promote good practice
CONCLUSION
THE ROLE OF IA IN THE BUSINESS ENVIRONMENT the comprehensive scope of internal auditing should provide reasonable assurance to the organisation