Practice Guide: Demonstrating the Core Principles for the Professional Practice of Internal Auditing
This practice guide explains the concepts embodied in the Core Principles and describes enablers, or specific ways to operationalize and demonstrate them. The guide also identifies measurable key indicators to define, measure, assess, and monitor the internal audit activity’s demonstration of the Core Principles.
The IIA’s Core Principles for the Professional Practice of Internal Auditing are part of the Mandatory Guidance of the International Professional Practices Framework (IPPF). Demonstrating the Core Principles validates the effectiveness, credibility, and value of the internal audit activity within the organization's governance structure. By achieving the Core Principles, the internal audit activity also achieves the Mission of Internal Audit: “to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight.”
Understanding how the Core Principles link to the work of internal audit, developing and improving work deliverables.
Exploring measurable criteria for assessing achievement of Core Principles in the context of the IPPF.
Improving communications with stakeholders by using practical and easy-to-understand examples that resonate.
Providing potential consequences of failure to achieve Core Principle behaviors.
Item Number: 10.1319.dl