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Interactive Guide to IPE
A Manager’s Dashboard for Data Integrity & Project Success
What is IPE?
This section provides a foundational understanding of Information Produced by the Entity (IPE). It defines the core concept, explains its critical importance for audits and operational integrity, and provides concrete examples of where you’ll encounter IPE in your business.
Core Definition
Information Produced by the Entity (IPE) represents any data generated internally by a company that is then used as audit evidence. This isn’t just about documents created for auditors; it includes key reports and spreadsheets used in daily operations. Think of it as the data bedrock for transactions, financial reporting, and key decisions.
Why It’s Critical
Auditors rely on IPE to verify data accuracy and test compliance processes. The core principle is ensuring its Completeness and Accuracy (C&A). If IPE isn’t reliable, controls can be deemed ineffective, leading to potential data inaccuracies, compliance violations, and financial mismanagement. It’s the foundation of trust in your data.
IPE vs. PBC
It’s a common point of confusion. Provided By Client (PBC) refers to documents specifically requested by auditors. IPE is a broader category that includes and encompasses PBC evidence. Much of the data auditors need is already part of your company’s daily operational fabric.
Common Examples
- Financial Reports (Balance Sheets, etc.)
- Inventory and Asset Listings
- System-Generated Aging Reports
- User Access Listings
- General Ledger Details
The IPE Lifecycle
Explore the journey of IPE, from raw data to its final, auditable form. This section visualizes the key stages—Input, Processing, and Output—and the inherent risks associated with each. Click on a stage to understand its components and challenges.
1. Input
Data Sources & Collection
2. Processing
Transformation & Integrity
3. Output
Reporting & Formats
IPE Report Types by Inherent Risk
Not all IPE is created equal. The way a report is generated significantly impacts its risk level and the scrutiny it requires.
Key Stakeholders & Roles
A successful IPE project is a team effort. This section breaks down the core groups involved and their specific responsibilities. Click on any role to see a detailed breakdown of what they do, what they give, and what they receive.
Implementation & Management
This is your playbook for success. Explore best practices for establishing a robust IPE program, understand the key controls required for data integrity, and learn how to navigate common challenges. This section provides the actionable steps to lead your IPE project effectively.
Beyond the Audit: The Broader Impact of IPE
Reliable IPE is more than a compliance task—it’s a strategic asset. Discover how high-quality data influences operational efficiency, enables data-driven decisions, supports other regulatory requirements like ESG reporting, and builds investor confidence.