The IPPF project
Timeline and Status report
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Principal Milestones
July 14, 2007
The IIA Global
Board Meeting
Amsterdam,
The Netherlands
Approval of
the IPPF
Structure &
processes
August
2007
Starting of
The retooling
of the current
PPF
January
2008
Public exposure
of the
Standards
with their
interpretations
July 12, 2008
The IIA Global
Board Meeting
San Francisco,
USA
March
2008
April 2008
To June 2008
2008
End of
public
exposure
Finalization of
Retooling of
Standards
Practices advisories
Position papers
Practice guides
Approval
of IPPF
August
to December
2008
January
2009
Translation
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IPPF Project organization
• The project is divided in 8 major task
groups
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–
–
–
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Retooling of the Standards
Retooling of the Code of Ethics
Retooling of the Practice Advisories
Retooling of the Position Papers
Retooling of the Practice guides
Translation
Layout and distribution
Communication and Marketing
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IPPF Project Oversight
• The oversight of the IPPF project is ensured by
the Professional Practices Council (PPC)
• The PPC, Chaired by the Vice Chair of
Professional Practice comprises the chairmen
of the following technical committees
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–
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Internal Audit Standards Board – IASB
Ethics Committee
Professional Issues Committee – PIC
Advance Technology Committee – ATC
Committee on Quality - COQ
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Review of each task
group key features
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Standards
• Drafting of the interpretation to
the standards contracted to 2 past
IASB chairmen
• Delivery due Date October 5
• Extraordinary IASB meeting for
review – October 19 & 20
• Public exposure planned for
January 2008
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Code of Ethics
• Committee reviewed the current
code of Ethics
• The ethics committee decided that
no changes to the Code of Ethics is
needed at this stage
• The current code with be included
in the IPPF as is.
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Practice Advisories (PAs)
• 83 PAs have been sorted out by
PIC in July 2007
• Working teams have been
identified.
• Assignment in progress
• Completion deadline: March 2008
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Position Papers
• 6 existing position papers have been
identified.
• Preliminary analysis and disposition
table has been prepared
• Working teams have been identified
• Assignment in progress
• Completion deadline: March 2008
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Practice Guide
• 8 GTAGs, role of auditing in the public
sector, Sox section 404 a guide for
Management and the GAIT
methodology have been pre-identified
as potential practice guides.
• Working teams have been identified
• Assignment in progress
• Completion deadline: March 2008
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Translation
• The IPPF will be released in
January 2009 in 3 languages
– English
– Spanish
– French
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Layout and distribution
• The layout and distribution task
force is developing the distribution
strategy to ensure that the IPPF
will be available and accessible by
practitioners around the world
seamlessly.
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Communication
• The communication on the IPPF is
divided in 2 principal areas
– Communication about the project
– Communication about the outcomes
• The IIA is a standard setting body
• Roll-out of the new IPPF in January 2009
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