SETTING A NEW STANDARD: INTERPRETATION AND IMPLEMENTATION OF THE NEW IIA PROFESSIONAL PRACTICES FRAMEWORK

CURRENT POSITION:

Update, Role of IIA-UK & Ireland, Professional Issues

	Background: development and publication of the new Standards
	Role of IIA Inc.
	Current position: statements published to date, by IIA Inc and IIA UK & Ireland
	The significance of the new Standards; impact on the profession generally
	Overview of the Professional Practices Framework
	Status and authority of the guidance
	Expectations regarding their adoption: effective dates
	Role of IIA UK & Ireland in their dissemination and adoption
	IIA UK & Ireland’s stance on the PPF
	Professional implications, eg effect on examinations, members, districts etc

Analysis & Interpretation
 

	Making sense of the guidance
	Definition: analysis of components
	Code of Ethics
	Attribute Standards: defined and explained
	Performance Standards: defined and explained
	Implementation and other Standards
	Practice Advisories
	Development and Practice Aids

DISCUSSION GROUPS

Evaluation of and guidance on selected standards and issues: understandable, acceptable, practicable?
 

	Definition: the dual role - assuring and consulting
	Resolving conflicts, eg between independence and added value
	How far should the auditor go?
	The Nature of Work: control, risk management and governance
	The work of a progressive internal audit service
	The auditor and controls assurance
	Options for involvement in risk management
	The true nature of governance auditing
	Mandatory quality assurance programmes
	Turning the Performance Standards into a proper systems- and risk-based methodology
	(Other issues identified as difficult or controversial)

DISCUSSION

Implementation Issues
 

Consideration of any outstanding practical concerns