Certified Government Auditing Professional (CGAP) Practice Exam 2025 – The All-in-One Guide to Exam Success

The definition referred to in the context of the IIA's International Professional Practices Framework (IPPF) is related to governance. Governance involves the structures, processes, and practices that ensure an organization achieves its objectives and manages its risks effectively. It encompasses the overarching framework that guides decision-making, accountability, and performance.

In the context of the IPPF, governance is crucial because it sets the tone and direction for how an organization operates. Effective governance enhances the integrity and transparency of operations, which is essential for building stakeholder confidence. This is aligned with the principles of the IPPF that emphasize the importance of serving the public interest and ensuring accountability within organizations.

This focus on governance supports the auditing profession in assessing how well an organization is achieving its mission and objectives while also ensuring compliance with relevant laws and regulations. This aligns with the role of internal audit in providing assurance and advice regarding governance practices to help organizations improve their effectiveness and efficiency.