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

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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

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88% of respondents support or completely

support the additional of a Mission of Internal Auditing to the IPPF.

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“To enhance and protect organizational value by providing stakeholders with risk-based, objective and reliable assurance,

advice and insight.”

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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.

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Implementation Guidance & Supplemental Guidance

Restructuring of the current guidance elements of the IPPF:• Practice Advisories to Implementation Guidance• Practice Guides to Supplemental Guidance

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83% of respondents support or completely support the restructure of “Practice Guides” to

“Supplemental Guidance” as part of the

framework.

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86% of respondents support or completely support the restructure of “Practice Advisories”

to “Implementation Guidance” as part of the

framework.

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Addressing Emerging Issues

Introduce processes to develop and promulgate emerging issues guidance in a timely manner.

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84% of respondents support or completely

support the introduction of a new IPPF

element to address emerging issues.

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Position Papers

Delete “Position Papers” as a guidance element of the IPPF.

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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.

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76% of respondents support or completely support the revision of the words “Mandatory”

and “Strongly Recommended” to

“Required” and “Recommended”.

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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 GuidanceIIA-Exposure@theiia.org