CHAPTER 2

The International Professional

Practices Framework:
Authoritative Guidance for the
Internal Audit Profession

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
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 Chapter 2 Learning Objectives

 Know the history behind the current professional guidance for the
practice of internal auditing.
 Describe the structure of the new International Professional
Practices Framework (IPPF) and the categories of authoritative
guidance it provides.
 Understand the mandatory IPPF guidance: the Definition of Internal
Auditing, the Code of Ethics, and the International Standards for the
Professional Practice of Internal Auditing (Standards).
 Understand the strongly recommended IPPF guidance: Practice
Advisories, Position Papers, and Practice Guides.
 Describe how the IPPF is kept current.
 Understand how the authoritative guidance promulgated by other
professional organizations affects the practice of internal auditing.

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
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 Exhibit 2-1

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
3
 Exhibit 2-2

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
4
 Exhibit 2-3

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
5
 Exhibit 2-4

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
6
 Exhibit 2-5

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
7
 Exhibit 2-6

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
8
 Exhibit 2-7

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
9
 Exhibit 2-8

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
10
 Add slides as desired

Internal Auditing: Assurance and Consulting Services, 2nd Edition. © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA
11