Purpose of the IPPF

Question 1

What does IPPF stand for?

Answer 1

International Professional Practices Frameworks

Question 2

The IPPF is defined as?

Answer 2

“A conceptual framework that organizes the

authoritative guidance promulgated by The IIA.”

Question 3

Name the elements of the IPPF

Answer 3

Mission Statement
Mandatory Guidance
Recommended Guidance

Question 4

What is the mission of the IIA

Answer 4

“To enhance and protect organizational value by providing

risk-based and objective assurance, advice, and insight.”

Question 5

What are the Mandatory guidances?

Answer 5

“The mandatory guidance is considered to be essential for the professional practice of internal auditing. All mandatory guidance is submitted for review by the entire global profession through the exposure draft process. It consists of three components.”

They are:

• Core principles
• Definition
• Code of ethics
• International Standards for the Professional Practice of Internal Auditing

Question 6

Name the Core Principles

Answer 6

• Demonstrates integrity.
• Demonstrates competence and due professional care.
• Is objective and free from undue influence (independent).
• Aligns with the strategies, objectives, and risks of the organization.
• Is appropriately positioned and adequately resourced.
• Demonstrates quality and continuous improvement.
• Communicates effectively.
• Provides risk-based assurance.
• Is insightful, proactive, and future-focused.
• Promotes organizational improvement.

Question 7

What is the definition of Internal Auditing?

Answer 7

“Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.”

Question 8

Name the elements of the Code of Ethics

Answer 8

The Principles and Rules of Conduct that define ethical behavior for a professional internal auditor

Question 9

What are the recommended guidances?

Answer 9

Implementation guidance

Supplemental Guidance: All Practice Guides, Global Technology Audit Guides (GTAGs), and
Guides to the Assessment of IT Risks (GAIT) automatically become part of the recommended
Supplemental Guidance layer.