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Practice Guides provide detailed guidance for conducting internal audit activities. They include detailed processes and procedures, such as: Tools and techniques Programs Step-by-step approaches Examples of deliverables Practice Guides are part of The IIA's International Professional Practices Framework (IPPF). As part of the Recommended category of guidance, compliance is not mandatory, but it is strongly recommended and the guidance is endorsed by The IIA through formal review and approval process. In today’s political and business environment, there is increasing focus on governance, risk management, and control. Strong governance systems are needed to better ensure that organizations will meet their objectives and stakeholder expectations. Stakeholders expect boards and management to accept responsibility and implement appropriate governance practices. The board is the focal point for governance practices and, in fulfilling its oversight responsibilities, will look to the internal audit activity to provide it with assessments on the organization’s governance practices. This Practice Guide, Assessing Organizational Governance in the Private Sector, provides the chief audit executive (CAE) specifically in the private sector with direction on how to assess and make appropriate recommendations for improving governance processes.