Institute for Internal Auditors Issues French Standard
Announced by the Institute for Internal Auditors (“the Institute”), France has adopted a national standard for internal audit practices within the country’s government administration. Based on the Institute’s International Professional Practices Framework (“IPPF”), a globally recognized set of rules that helps audit professionals with internal auditing, the French standard features a formal code of ethics, and attribute and performance standards. Furthermore, there are plans to have the French standard part of a bigger framework containing both mandatory and non-mandatory audit guidance. With the inclusion of non-mandatory guidance in the two frameworks, it ensures internal audit rules are deemed suitable for any environment or situation.