What is International Professional Practices Framework in SAP GRC-AUD - SAP Audit Management?

SAP Term: International Professional Practices Framework

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: The conceptual framework that organizes the authoritative guidance promulgated by The Institute of Internal Auditors. A trustworthy, global, guidance-setting body, the IIA provides international audit professionals worldwide with two categories of authoritative guidance: 1 mandatory guidance, and 2 strongly recommended guidance.

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• Key Concepts: 
  The International Professional Practices Framework (IPPF) is a set of standards and guidelines developed by the Institute of Internal Auditors (IIA) to help organizations ensure that their internal audit activities are conducted in accordance with the highest professional standards. The IPPF is designed to provide guidance on the design, implementation, and evaluation of internal audit activities. It also provides guidance on the roles and responsibilities of internal auditors, as well as the processes and procedures for conducting internal audits.
  
  How to use it: 
  The IPPF provides a framework for organizations to use when designing and implementing their internal audit activities. It outlines the roles and responsibilities of internal auditors, as well as the processes and procedures for conducting internal audits. Organizations can use the IPPF to ensure that their internal audit activities are conducted in accordance with the highest professional standards.
  
  Tips & Tricks: 
  When using the IPPF, organizations should ensure that their internal audit activities are conducted in accordance with the highest professional standards. Organizations should also ensure that their internal audit activities are conducted in a timely manner, and that they are adequately documented. Additionally, organizations should ensure that their internal audit activities are conducted in a manner that is consistent with applicable laws and regulations.
  
  Related Information: 
  The Institute of Internal Auditors (IIA) provides additional information about the IPPF on its website, including guidance on how to use it effectively. Additionally, SAP Audit Management (GRC-AUD) provides tools and resources to help organizations design, implement, and evaluate their internal audit activities in accordance with the IPPF.