1. Timeline and Status report
The IPPF project
Timeline and Status report

2. Principal Milestones July 14, 2007 The IIA Global Board Meeting
Amsterdam,
The Netherlands
July 12, 2008
The IIA Global
Board Meeting
San Francisco,
USA
August
to December
2008
August
2007
January
2008
March
2008
April 2008
To June 2008
2008
January
2009
International
Approval of
the IPPF
Structure &
processes
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
Approval
of IPPF
Translation

3. 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

4. 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

5. Review of each task group key features

6. 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

7. 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.

8. 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

9. 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

10. 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

11. Translation The IPPF will be released in January 2009 in 3 languages
English
Spanish
French

12. 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.

13. 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