The Institute of Internal Auditors (IIA) has
formed an oversight council that will develop guidance under the
International Professional Practices Framework (IPPF).

Organisations represented on the new oversight
council include the International Federation of Accountants, the
International Organisation of Supreme Audit Institutions, the World
Bank, the Organisation for Economic Cooperation and Development
(OECD) and the National Association of Corporate Directors.

“Guided by its collective commitment to
inclusiveness, transparency, diligence, timeliness and other
principles that will generate the confidence of all internal audit
stakeholders, the council will provide ongoing assurance that the
IIA’s standards are of the highest caliber and are properly
responsive to the public interest,” IIA chairman Günther Meggeneder