IPPF Evolution
Big changes are underway to improve The IIA’s International Professional Practices Framework (IPPF) and International Standards for the Professional Practice of Internal Auditing (Standards).
The International Internal Audit Standards Board is responsible for reviewing and updating the Standards on an ongoing basis. In 2020, the Standards Board embarked on an unprecedented and comprehensive update of the IPPF and the Standards. The resulting new Standards will be exposed for public comment March 1 - May 31, with an official release scheduled for the end of 2023.
The IPPF Evolution Project aims to:
- Simplify the structure of the IPPF.
- Clarify and align all elements.
- Ensure that the Standards and Guidance are timely, practical, and applicable and address emerging topics.
- Communicate and advocate the Standards to not only internal auditors, but also stakeholders and regulators.
- Enhance internal audit performance and quality and preserve and enhance organizational value.
90-day Public Comment Period Starting March 1
Public comment period will be held March 1-May 31. Check back for additional updates and information on how to submit your feedback.
Setting Internal Audit Standards in the Public Interest
The Standards Board reviewed its standard-setting process to ensure its rigor, transparency, and responsiveness. The result was an increased focus on standard-setting in the public interest and an enhanced approach to soliciting and carefully considering input from stakeholders interested in the future of internal auditing standards.
Read Dr. Lily Bi’s blog post, “Building a Better Auditor: Setting Internal Audit Standards in the Public Interest.”
The Standards Board Is Listening!
In 2021 and 2022, the Standards Board solicited input from:
- 3,600 internal audit practitioners from 159 countries via a 2021 survey.
- Representatives from 114 IIA Global Affiliates via webinars, surveys, in-person and virtual Q&A sessions, and two Global Assembly meetings.
- More than 70 stakeholder organizations including regulators and standard-setting bodies.
- 5,000 practitioners and interested participants who attended a public webinar detailing proposed changes.
- The Standards Board also extensively researched global standard-setting bodies for benchmarking purposes.
Go the Global website for more information about the IPPF Evolution.
