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The IPPF project
Timeline and Status report
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Principal Milestones
July 14, 2007
The IIA Global
Board Meeting
Amsterdam,
The Netherlands
Approval of
the IPPF
Structure &
processes
August
2007
January
2008
March
2008
April 2008
To June 2008
2008
January
2009
Starting of
The retooling
of the current
PPF
Public exposure
of the
Standards
with their
interpretations

End of
public
exposure
Finalization of
Retooling of
Standards
Practices advisories
Position papers
Practice guides
August
to December
2008
July 12, 2008
The IIA Global
Board Meeting
San Francisco,
USA

Approval
of IPPF
Translation
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IPPF Project organization
The project is divided in 8 major task
groups
Retooling of the Standards
Retooling of the Code of Ethics
Retooling of the Practice Advisories
Retooling of the Position Papers
Retooling of the Practice guides
Translation
Layout and distribution
Communication and Marketing

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IPPF Project Oversight
The oversight of the IPPF project is ensured by
the Professional Practices Council (PPC)
The PPC, Chaired by the Vice Chair of
Professional Practice comprises the chairmen
of the following technical committees
Internal Audit Standards Board IASB
Ethics Committee
Professional Issues Committee PIC
Advance Technology Committee ATC
Committee on Quality - COQ
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Review of each task
group key features
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Standards
Drafting of the interpretation to
the standards contracted to 2 past
IASB chairmen
Delivery due Date October 5
Extraordinary IASB meeting for
review October 19 & 20
Public exposure planned for
January 2008
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Code of Ethics
Committee reviewed the current
code of Ethics
The ethics committee decided that
no changes to the Code of Ethics is
needed at this stage
The current code with be included
in the IPPF as is.
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Practice Advisories (PAs)
83 PAs have been sorted out by
PIC in July 2007
Working teams have been
identified.
Assignment in progress
Completion deadline: March 2008
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Position Papers
6 existing position papers have been
identified.
Preliminary analysis and disposition
table has been prepared
Working teams have been identified
Assignment in progress
Completion deadline: March 2008
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Practice Guide
8 GTAGs, role of auditing in the public
sector, Sox section 404 a guide for
Management and the GAIT
methodology have been pre-identified
as potential practice guides.
Working teams have been identified
Assignment in progress
Completion deadline: March 2008
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Translation
The IPPF will be released in
January 2009 in 3 languages
English
Spanish
French

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Layout and distribution
The layout and distribution task
force is developing the distribution
strategy to ensure that the IPPF
will be available and accessible by
practitioners around the world
seamlessly.
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Communication
The communication on the IPPF is
divided in 2 principal areas
Communication about the project
Communication about the outcomes
The IIA is a standard setting body
Roll-out of the new IPPF in January 2009