IPPF Oversight Council
IPPF Oversight Council
The IPPF Oversight Council advises on, evaluates, and makes recommendations regarding the adequacy and appropriateness of The IIA’s structures and processes for developing pronouncements within the IPPF. The Oversight Council ensures that the processes and structures are inclusive and transparent, which ultimately serves the public interest and increases stakeholder confidence in the IPPF.
Organizations represented on the Council include:
| Organization | Representative |
|---|---|
| International Federation of Accountants (IFAC) | Alta Prinsloo, Chair |
| Global Network of Director Institutes (GNDI) | Kirsten Patterson |
| International Foundation for Ethics and Auditing (IFEA) | Brett James |
| International Organization of Supreme Audit Institutions (INTOSAI) | Paweł Banaś |
| Organisation for Economic Co-operation and Development (OECD) | Julio Bacio Terracino |
| The World Bank | Juan Carlos Serrano-Machorro |
| The IIA | Andrew Dahle |
| The IIA | Naren Aneja |
Standard-setting in the Public Interest
This document presents a standard-setting framework that ensures the International Internal Audit Standards Board sets standards for internal auditing that are worthy of global adoption and implementation.
The standard-setting framework includes a structure and due process that ensure consideration of the public interest and responsiveness to stakeholders.
The framework addresses:
- Stakeholders served by the Standards.
- Principles for enhancing stakeholder trust in the Standards.
- Structure and process to set standards in the public interest.
- Oversight and assessment of the Standards’ responsiveness to stakeholders’ needs.
The Oversight Council believes that an internal audit function aligned with professional standards is more likely to protect the public interest and to achieve the Purpose of Internal Auditing: to strengthen the organization’s ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight.
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 best interests of their stakeholders and the public.