Standard-setting Processes and Due Diligence
Standard-setting in the Public Interest
This document presents a standard-setting framework that ensures the International Internal Audit Standards Board sets thoughtful standards, worthy of extensive global adoption and implementation.
The framework includes a structure and due process that together articulate the stakeholder responsiveness of international standard-setting for internal auditing and thus, duly considers the public interest.
The Oversight Council believes that an internal audit function aligned with professional standards is more likely to protect the public interest and to achieve internal audit's mission: to enhance and protect organizational value.
IPPF Oversight Council
The IPPF Oversight Council is designed to evaluate and advise on the rigor of The IIA's standards and guidance-setting process, which will increase the confidence of internal audit stakeholders around the world.
Organizations represented on this Council include:
| Organization | Representative |
|---|---|
| International Federation of Accountants (IFAC) | Alta Prinsloo, Chair |
| Global Network of Director Institutes (GNDI) | Kirsten Patterson |
| International Organization of Supreme Audit Institutions (INTOSAI) | Paweł Banaś |
| National Association of Corporate Directors (NACD) | Friso Van der Oord |
| Organisation for Economic Co-operation and Development (OECD) | János Bertók |
| The World Bank | Juan Carlos Serrano-Machorro |
| The IIA | Andrew Dahle |
| The IIA | Naren Aneja |
Reports of the IPPF Oversight Council
The IPPF Oversight Council issues reports to provide insight into their activities to ensure that the manner in which standards and guidance are created is effective, fair, transparent, relevant, and in the public’s and their stakeholders’ best interests.
2020-2022 IPPF Oversight Council Report
2019 IPPF Oversight Council Annual Report
2018 IPPF Oversight Council Annual Report
2017 IPPF Oversight Council Annual Report