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IPPF Enhancement Exposure
Survey Results
Survey Closed
November 3, 2014
Thank You for Sharing Your Views
Angola
Argentina
Armenia
Australia
Austria
Bahrain
Bangladesh
Barbados
Belgium
Bolivia
Botswana
Brazil
Bulgaria
Cameroon
Canada
Chile
China
Colombia
Congo, Democratic Republic of
Cote d'Ivoire (Ivory Coast)
Croatia
Cyprus
Czech Republic
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
European Union
Finland
France
Georgia
Germany
Ghana
Grand
Greece
Guinea
Hong Kong
India
Indonesia
Ireland
Italy
Jamaica
Japan
Kenya
Kuwait
Lebanon
Luxembourg
Macedonia
Malawi
Malaysia
Mauritius
Mexico
Moldova
Morocco
Netherlands
New Zealand
Norway
Oman
Pakistan
Palestine
Papua New Guinea
Peru
Philippines
Poland
Portugal
Qatar
Reunion
Romania
Russia
Saudi Arabia
Serbia
Singapore
Slovenia
South Africa
Spain
Sri Lanka
Sweden
Switzerland
Tanzania, United Republic of
Togo
Tunisia
Turkey
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Venezuela
Zimbabwe
We Received Responses From Across The Globe
Survey R
esponses from
Individuals across
90 Countri
es
The Exposure
ALTAMONTE SPRINGS, Fla. (Aug. 4, 2014) — The Institute of Internal Auditors (IIA) announced today proposed enhancements to the International Professional Practices Framework (IPPF) and a 90-day exposure period amid heightened legislative, regulatory and market-driven demands on the internal audit profession.
The IPPF Relook ExposureAug. 4–Nov. 3, 2014
9,000 + Video views 16,400 + Web Page Visits 6,600 + Exposure Draft
Downloads 8 Exposure Draft and Survey
Translations*
Final Exposure Results
Metrics
*Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Spanish
The IPPF Relook ExposureAug. 4–Nov. 3, 2014
845 Survey Responses 4,000 Individual Survey
Comments 47 Separate Comment Letters
(280 pages)
Final Exposure Results
Metrics
Exposure Survey ResultsDetails
Summary of the Elements of the Proposed Revised IPPF
««««««««««
85% of respondents support or completely support the changes
regarding the IPPF as detailed.««««««««««
Mission of Internal Auditing
Expand the IPPF to include a mission statement to support the internal audit profession. The Mission of Internal Auditing as was exposed:
“To enhance and protect organizational value by providing stakeholders with risk-based, objective and reliable assurance,
advice and insight.”
Mission of Internal Auditing
««««««««««
88% of respondents support or completely
support the additional of a Mission of Internal Auditing to the IPPF.
««««««««««
“To enhance and protect organizational value by providing stakeholders with risk-based, objective and reliable assurance,
advice and insight.”
««««««««««
80% of respondents believed or strongly believed that the Mission correctly captured
what internal audit aspires to accomplish.««««««««««
Core Principles for the Professional Practice of Internal Auditing
Add principles to the IPPF that describe internal audit effectiveness and support the principles-based Standards and Code of Ethics.
1. Demonstrates uncompromised integrity.
2. Displays objectivity in mindset and approach.
3. Demonstrates commitment to competence.
4. Is appropriately positioned within the organization with sufficient organizational authority.
5. Aligns strategically with the aims and goals of the enterprise.
6. Has adequate resources to effectively address significant risks.
7. Demonstrates quality and continuous improvement.
8. Achieves efficiency and effectiveness in delivery.
9. Communicates effectively.
10. Provides reliable assurance to those charged with governance.
11. Is insightful, proactive, and future-focused.
12. Promotes positive change.
Core Principles for the Professional Practice of Internal
Auditing««««««««««
89% of respondents support or completely support adding Core
Principles for the Professional Practice of Internal Auditing as an element of the
IPPF. ««««««««««
1. Demonstrates uncompromised integrity.
2. Displays objectivity in mindset and approach.
3. Demonstrates commitment to competence.
4. Is appropriately positioned within the organization with sufficient organizational authority.
5. Aligns strategically with the aims and goals of the enterprise.
6. Has adequate resources to effectively address significant risks.
7. Demonstrates quality and continuous improvement.
8. Achieves efficiency and effectiveness in delivery.
9. Communicates effectively.
10. Provides reliable assurance to those charged with governance.
11. Is insightful, proactive, and future-focused.
12. Promotes positive change.
««««««««««
79% of respondents support or strongly support the view that all Principles must be present for an
internal audit function to be considered effective.
««««««««««
Implementation Guidance & Supplemental Guidance
Restructuring of the current guidance elements of the IPPF:• Practice Advisories to Implementation Guidance• Practice Guides to Supplemental Guidance
««««««««««
83% of respondents support or completely support the restructure of “Practice Guides” to
“Supplemental Guidance” as part of the
framework.
««««««««««
««««««««««
86% of respondents support or completely support the restructure of “Practice Advisories”
to “Implementation Guidance” as part of the
framework.
««««««««««
Addressing Emerging Issues
Introduce processes to develop and promulgate emerging issues guidance in a timely manner.
««««««««««
84% of respondents support or completely
support the introduction of a new IPPF
element to address emerging issues.
««««««««««
Position Papers
Delete “Position Papers” as a guidance element of the IPPF.
««««««««««
64% of respondents support or completely support the deletion of “Position Papers” as an
element of the IPPF. ««««««««««
Required & Recommended
Modify the classification of “Mandatory” and “Strongly Recommended” in the existing IPPF elements to “Required” and “Recommended,” respectively.
««««««««««
76% of respondents support or completely support the revision of the words “Mandatory”
and “Strongly Recommended” to
“Required” and “Recommended”.
««««««««««
If you have other matters you wish to communicate regarding these recommendations and this exposure draft process, please send them to:
The Institute of Internal Auditors, Global Headquarters
ATTN: Standards and [email protected]