IPPC case studies
IPPC · Put your knowledge to work in context.
The International Professional Practices Certification (IPPC) is a professional credential for practitioners who audit, govern, and improve organizational processes against a recognized body of professional standards. It is aimed at internal auditors, assurance and compliance professionals, risk and control specialists, and consultants who want to demonstrate that they can plan engagements, gather and evaluate evidence, communicate findings, and uphold ethical and independence requirements. The IPPC case studies are 5 cases and about 3,396 words.
1Independence When the CAE Is Asked to Lead a Vendor Selection
Westbrook University's internal audit function has nine staff and reports functionally to the audit committee and administratively to the CFO. The CFO sponsors a 14 million replacement of the student information system and has asked the chief audit executive (CAE) to chair the vendor evaluation committee, score proposals, and negotiate the contract.
726 words, about 4 min2Three Lines Under Strain at a Fast-Growing Port Operator
Meridian Ports Group operates 14 terminals in six countries and grew revenue 22% to 480 million last year. Its new CEO has centralized procurement at headquarters and set a speed to berth target that gives terminal managers authority to approve up to 250,000 per contract without competitive tender if a delay is documented.
680 words, about 3 min3Inventory Reserve: When Cycle Count Accuracy Masks Obsolescence
Northline Components distributes semiconductors and has 12,400 active SKUs across three warehouses. Management reports cycle count accuracy of 98.6% and a slow-moving and obsolete (SLOB) reserve of 1.2 million against inventory of 46 million.
679 words, about 3 min4A Draft Report the CEO Wants Softened
Crestline Software has 65 million ARR and is preparing for a Series D round. An internal audit of revenue recognition tested 40 contracts and found nine with side letters granting extended payment terms or acceptance rights that were not reflected in the revenue schedule; three of the nine were signed in the last quarter.
647 words, about 3 min5Internal Quality Assessment That Finds the Reviewers Asleep
Brightpath Insurance's internal audit activity has nine auditors and completed 15 engagements last year. The CAE is preparing for an external quality assessment next year and runs an internal quality review of six files.
664 words, about 3 min