The International Professional Practices Framework (IPPF) is the conceptual framework that organizes authoritative guidance promulgated by The Institute of Internal Auditors. A trustworthy, global, guidance-setting body, The IIA provides internal audit professionals worldwide with authoritative guidance organized in the IPPF as
mandatory guidance and
strongly recommended guidance.
In July 2013, the Chartered Institute of Internal Auditors (the Chartered Institute), the UK and Ireland affiliate of The IIA, published “Effective Internal Audit in the Financial Services Sector.” The publication offers recommendations on how to enhance internal audit in the UK financial services sector as “an additional benchmark against which firms can measure their internal audit function.” It aims to build on The IIA’s
International Standards for the Professional Practice of Internal Auditing (Standards).