Practice advisories

IPPF decal 25% Practice Advisories are authoritative guidance for the internal audit profession
from the Global Institute of Internal Auditors.  They form part of
the International Professional Practices Framework. 
 

Practice Advisories address approach, methodology and considerations, but
not detailed processes and procedures.  They are guidance to assist
internal auditors in applying the Code of Ethics and the International Standards
and to promote good practices..  They include practices relating to
international, country or industry specific issues; specific types of
engagements; and legal or regulatory issues. 

They are provided electronically free to members.
Click here to access the Practice Advisory listing 

 

How Practice Advisories are created and approved

The global Professional Issues Committee (PIC) will be the primary initiator for the development of Practice Advisories. However, any international committee and institute can initiate a request for a Practice Advisory. 

The global Professional Practices Council (PPC) approves the development of practice advisories to ensure proper coordination and consistency. 
As project manager of the practice advisory process, the PIC assigns responsibility for development, which may be performed by another international committee, institute, the PIC itself, or any combination of the above. 
The Internal Auditing Standards Board and the Ethics Committee will review the final draft of Practice Advisories to ensure consistency with the Standards and the Code of Ethics. For either body to reject, a majority vote of its members is required. Rejection by either body is referred to the PPC to facilitate resolution.  Other international committees may be involved in the review process as appropriate.
The PPC is responsible for final approval of the Practice Advisories.

 

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