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Transcript of The Institute of Internal Auditors. Vision The IIA will be the global voice of the internal audit...
The Institute of Internal Auditors
Vision
The IIA will be the global voice of the internal audit profession: advocating its value, promoting best practice, and providing exceptional service to its members.
MissionTo provide dynamic leadership for the global profession of internal auditing. Activities include:1. Advocacy
2. Professional Development
3. Research
4. Education; and
5. Progress Through Sharing
Motto
Progress Through Sharing
Representation100,000 membersOver 150 Countries33 Institutes212 ChaptersRegional Organizations
FLAI – Federation of Latin America of Internal AuditECIIA – European Confederation of Internal AuditUFAI – Union francophone de l’audit interne (Federation of French speaking institutes of internal audit)
VOLUNTEER ORGANIZATIONVOLUNTEER ORGANIZATIONThe Institute of Internal AuditorsThe Institute of Internal Auditors
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
EXECUTIVE COMMITTEEChairman of the BoardSenior Vice ChairmanVice Chairmen (4)*
SecretaryTreasurer
Past Chairmen (2)
BOARD OF DIRECTORS(MEMBERS-RESEARCH
FOUNDATION)
Executive Committee (10)NAC Representatives (10)
Affiliate Representatives (10)Directors at Large (3)
Ex-officio Committee Chairs (3)IIA President (1)
PROFESSIONAL SERVICES
ADVISORY COUNCILVice Chairman
District RepresentativesGovernment RelationsInternational Relations
MembershipRegional Representatives
GLOBAL NOMINATING COMMITTEE
PROFESSIONAL DEVELOPMENT
ADVISORY COUNCILVice Chairman
Board of RegentsCommunications AdvisoryInternational ConferenceProfessional Conference
Seminars
PROFESSIONAL PRACTICES
ADVISORY COUNCILVice Chairman
Advanced TechnologyInternal Auditing Standards
BoardProfessional Issues
Committee on Quality
GLOBAL FINANCE COMMITTEE
AUDIT COMMITTEE
NORTH AMERICAN COMMITTEE
NORTH AMERICAN COMMITTEE
GLOBAL COUNCIL
SENIOR VICE CHAIRMANEthics
Guidance Planning
SENIOR VICE CHAIRMANEthics
Guidance Planning
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
Governance Structure
VOLUNTEER ORGANIZATIONVOLUNTEER ORGANIZATIONThe Institute of Internal AuditorsThe Institute of Internal Auditors
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
EXECUTIVE COMMITTEEChairman of the BoardSenior Vice ChairmanVice Chairmen (4)*
SecretaryTreasurer
Past Chairmen (2)
BOARD OF DIRECTORS(MEMBERS-RESEARCH
FOUNDATION)
Executive Committee (10)NAC Representatives (10)
Affiliate Representatives (10)Directors at Large (3)
Ex-officio Committee Chairs (3)IIA President (1)
PROFESSIONAL SERVICES
ADVISORY COUNCILVice Chairman
District RepresentativesGovernment RelationsInternational Relations
MembershipRegional Representatives
GLOBAL NOMINATING COMMITTEE
PROFESSIONAL DEVELOPMENT
ADVISORY COUNCILVice Chairman
Board of RegentsCommunications AdvisoryInternational ConferenceProfessional Conference
Seminars
PROFESSIONAL PRACTICES
ADVISORY COUNCILVice Chairman
Advanced TechnologyInternal Auditing Standards
BoardProfessional Issues
Committee on Quality
GLOBAL FINANCE COMMITTEE
AUDIT COMMITTEE
NORTH AMERICAN COMMITTEE
NORTH AMERICAN COMMITTEE
GLOBAL COUNCIL
SENIOR VICE CHAIRMANEthics
Guidance Planning
SENIOR VICE CHAIRMANEthics
Guidance Planning
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
Governance Structure
Governance StructureVOLUNTEER ORGANIZATIONVOLUNTEER ORGANIZATION
The Institute of Internal AuditorsThe Institute of Internal Auditors
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
EXECUTIVE COMMITTEEChairman of the BoardSenior Vice ChairmanVice Chairmen (4)*
SecretaryTreasurer
Past Chairmen (2)
BOARD OF DIRECTORS(MEMBERS-RESEARCH
FOUNDATION)
Executive Committee (10)NAC Representatives (10)
Affiliate Representatives (10)Directors at Large (3)
Ex-officio Committee Chairs (3)IIA President (1)
PROFESSIONAL SERVICES
ADVISORY COUNCILVice Chairman
District RepresentativesGovernment RelationsInternational Relations
MembershipRegional Representatives
GLOBAL NOMINATING COMMITTEE
PROFESSIONAL DEVELOPMENT
ADVISORY COUNCILVice Chairman
Board of RegentsCommunications AdvisoryInternational ConferenceProfessional Conference
Seminars
PROFESSIONAL PRACTICES
ADVISORY COUNCILVice Chairman
Advanced TechnologyInternal Auditing Standards
BoardProfessional Issues
Committee on Quality
GLOBAL FINANCE COMMITTEE
AUDIT COMMITTEE
NORTH AMERICAN COMMITTEE
NORTH AMERICAN COMMITTEE
GLOBAL COUNCIL
SENIOR VICE CHAIRMANEthics
Guidance Planning
SENIOR VICE CHAIRMANEthics
Guidance Planning
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
Governance StructureVOLUNTEER ORGANIZATIONVOLUNTEER ORGANIZATION
The Institute of Internal AuditorsThe Institute of Internal Auditors
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
EXECUTIVE COMMITTEEChairman of the BoardSenior Vice ChairmanVice Chairmen (4)*
SecretaryTreasurer
Past Chairmen (2)
BOARD OF DIRECTORS(MEMBERS-RESEARCH
FOUNDATION)
Executive Committee (10)NAC Representatives (10)
Affiliate Representatives (10)Directors at Large (3)
Ex-officio Committee Chairs (3)IIA President (1)
PROFESSIONAL SERVICES
ADVISORY COUNCILVice Chairman
District RepresentativesGovernment RelationsInternational Relations
MembershipRegional Representatives
GLOBAL NOMINATING COMMITTEE
PROFESSIONAL DEVELOPMENT
ADVISORY COUNCILVice Chairman
Board of RegentsCommunications AdvisoryInternational ConferenceProfessional Conference
Seminars
PROFESSIONAL PRACTICES
ADVISORY COUNCILVice Chairman
Advanced TechnologyInternal Auditing Standards
BoardProfessional Issues
Committee on Quality
GLOBAL FINANCE COMMITTEE
AUDIT COMMITTEE
NORTH AMERICAN COMMITTEE
NORTH AMERICAN COMMITTEE
GLOBAL COUNCIL
SENIOR VICE CHAIRMANEthics
Guidance Planning
SENIOR VICE CHAIRMANEthics
Guidance Planning
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
VOLUNTEER ORGANIZATIONVOLUNTEER ORGANIZATIONThe Institute of Internal AuditorsThe Institute of Internal Auditors
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
EXECUTIVE COMMITTEEChairman of the BoardSenior Vice ChairmanVice Chairmen (4)*
SecretaryTreasurer
Past Chairmen (2)
BOARD OF DIRECTORS(MEMBERS-RESEARCH
FOUNDATION)
Executive Committee (10)NAC Representatives (10)
Affiliate Representatives (10)Directors at Large (3)
Ex-officio Committee Chairs (3)IIA President (1)
PROFESSIONAL SERVICES
ADVISORY COUNCILVice Chairman
District RepresentativesGovernment RelationsInternational Relations
MembershipRegional Representatives
GLOBAL NOMINATING COMMITTEE
PROFESSIONAL DEVELOPMENT
ADVISORY COUNCILVice Chairman
Board of RegentsCommunications AdvisoryInternational ConferenceProfessional Conference
Seminars
PROFESSIONAL PRACTICES
ADVISORY COUNCILVice Chairman
Advanced TechnologyInternal Auditing Standards
BoardProfessional Issues
Committee on Quality
GLOBAL FINANCE COMMITTEE
AUDIT COMMITTEE
NORTH AMERICAN COMMITTEE
NORTH AMERICAN COMMITTEE
GLOBAL COUNCIL
SENIOR VICE CHAIRMANEthics
Guidance Planning
SENIOR VICE CHAIRMANEthics
Guidance Planning
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
RESEARCH FOUNDATIONVice Chairman (President, RF)
Board of TrusteesBoard of Research & Education
Advisors Academic Relations
Governance Structure
Headquarters Structure
Effective 1/4/05
President
Chief Operating Officer
Chief AdministrativeOfficer
Chief AdvocacyOfficer
Relationship Management
Educational Materials
Educational Programs
Finance
Information Systems
Human Resources
Web Operations
Advertising & Sponsorship
Marketing
Knowledge Management
Research
Knowledge Assessment
Public / Media Relations
The IIA as a Recognized Global Authority
Certification
The worldwide designation is Certified Internal Auditor. CIA has been in existence for over 25 years.50,000 professionals are certified worldwide
Certification - CGAP
The Certified Government Auditing Professional (CGAP®)
Specialty certification designed by & for and public-sector audit practitioners.
703 public sector auditors currently hold the CGAP
Professional Development
International ConferencesSeminarsEducational ProductsResearch
Audit CommitteesSystems Auditability and Control (SAC)Competency Framework for Internal AuditingGovernanceValue Added Services
Auditing in the Public Sector
Addressing Government Auditors’ Needs
Establish Government Auditing Resource at IIA HeadquartersIncrease government membership to 30,000 members (from 9,000)Government Auditing—one primary focus of IIA Advocacy PlanElevate support given Government Relations CommitteeIncrease government auditors’ involvement in volunteer leadership committees
Government Relations Committee
Key ProjectsIn draft: The Role of Audit in Public Sector Governance
White paperCollaborators—NASACT, U.S. Comptroller General’s Domestic Working GroupWanted: More collaborators
Research underway: Capability Maturity Model for Government Audit
Government Relations Committee
Key Projects
International Outreach EffortsSouth Africa Initiative, lead: Ontario, CADeveloping resource bureau for training and mentoring assistance to requesting governments
Resource for Government auditors
IFAC (International Federation of Accountants)OECD (Organization of Economic Cooperation and Development)
Public Sector Initiatives
Standards for the Professional Practice of Internal Auditing
Professional Practices Framework
Standards & Ethics
Development &Practice Aids
PracticeAdvisories
Code of EthicsAttribute, Performance, &Implementation Standards
Categories of GuidanceEthics &
Standards
PracticeAdvisories
Professional Practices Pamphlets
Development &Practice Aids
•Books
•Research Studies
•Seminars
•Conferences
Standards
Implementation Standards – expand upon attribute and performance standards and provide guidance applicable to specific types of engagements.
Performance Standards – describe the nature of internal audit services and provide quality criteria against which the performance can be measured.
Attribute Standards – address attributes of organizations and individuals performing internal audit services.
Practice Advisories•Endorsed but not mandatory.
•Interpret and apply the Standards.
•May be industry, specialty, or geographically specific.
•May address emerging issues or cover areas without specific Standards.
Development & Practice Aids
•Developed and/or endorsed by The IIA.
•Includes –
–Research Reports
–Books and Other Publications
–Seminars
–Conferences
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Definition of Internal Auditing
Code of Ethics
PrinciplesRules of Conduct
Code of Conduct:Principles
IntegrityObjectivityConfidentialityCompetency
Code of Conduct:Principles
IntegrityObjectivityConfidentialityCompetency
Standards
Attribute StandardsPerformance StandardsImplementation Standards
Attribute Standards
Purpose, Authority, and Responsibility Independence and Objectivity
Organizational Independence Individual Objectivity Impairments to Independence or Objectivity
Attribute Standards
Purpose, Authority, and Responsibility Independence and Objectivity
Organizational Independence Individual Objectivity Impairments to Independence or Objectivity
Attribute Standards
Proficiency and Due Professional Care
Proficiency Due Professional Care Continuing Professional Development
Attribute StandardsQuality Assurance and Improvement Program
Quality Program Assessments Internal Assessments External Assessments Reporting on the Quality Program Use of "Conducted in Accordance with the Standards" Disclosure of Noncompliance
Performance StandardsManaging the Internal Audit Activity
PlanningCommunication and Approval Resource Management Policies and Procedures Coordination Reporting to the Board and Senior Management
Performance StandardsManaging the Internal Audit Activity
PlanningCommunication and Approval Resource Management Policies and Procedures Coordination Reporting to the Board and Senior Management
Performance StandardsNature of Work
Risk Management Control Governance
Performance StandardsNature of Work
Risk Management Control Governance
Performance StandardsNature of Work
Risk Management Control Governance
Performance StandardsEngagement Planning
Planning Considerations Engagement Objectives Engagement Scope
Engagement Resource Allocation Engagement Work Program
Performance StandardsPerforming the Engagement
Identifying Information Analysis and Evaluation Recording Information
Engagement Supervision
Performance StandardsCommunicating Results
Criteria for Communicating Quality of Communications Errors and Omissions Engagement Disclosure of Noncompliance with the StandardsDisseminating Results
Performance StandardsMonitoring Progress Management’s Acceptance of Risks
Questions?