The Role of Standards and Professional Bodies: Drivers of Development
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Transcript of The Role of Standards and Professional Bodies: Drivers of Development
The Role of The Role of Standards and Standards and Professional Professional
Bodies: Bodies: Drivers Drivers of Developmentof Development
VIDEO CLIPVIDEO CLIP
““Professional Body”Professional Body” An entity, association which exists for An entity, association which exists for
the benefits of its membersthe benefits of its members
Fundamental elementsFundamental elements Standards and Code of EthicsStandards and Code of Ethics Education and TrainingEducation and Training
Case Study: Evolvement Case Study: Evolvement of a professional bodyof a professional body
1964 Establishment of IIA’s South 1964 Establishment of IIA’s South African Chapter. Started as informal African Chapter. Started as informal meetings of internal auditors 40 years meetings of internal auditors 40 years agoago
Initial driver was need for contact, Initial driver was need for contact, sharing of experiencessharing of experiences
Area meetings evolved, news spreadArea meetings evolved, news spread 1983 South Africa becomes a National 1983 South Africa becomes a National
Institute.Institute. Secretarial duties became onerous; Secretarial duties became onerous;
administration delegated to part time administration delegated to part time contractorscontractors
Voluntary Board evolvedVoluntary Board evolved
Evolvement of IIA SAEvolvement of IIA SA
1985 – registered as a non-profit 1985 – registered as a non-profit organisation with Company organisation with Company Directors - gives legitimacy to Directors - gives legitimacy to voluntary structurevoluntary structure
1995 – voluntary structure no 1995 – voluntary structure no longer tenable; first full-time longer tenable; first full-time Secretariat member appointedSecretariat member appointed
Drivers – increased Drivers – increased communication needs, communication needs, volunteers provide inconsistent volunteers provide inconsistent support, insufficient continuity. support, insufficient continuity. 1994 Release of first King Report 1994 Release of first King Report on corporate governanceon corporate governance
Evolvement of IIA SAEvolvement of IIA SA
1998 – 3 full time administrators, 8 1998 – 3 full time administrators, 8 regional volunteer committeesregional volunteer committees
1999 Part time CEO, also works for IIA 1999 Part time CEO, also works for IIA Inc as Regional Director, Africa Inc as Regional Director, Africa
2001 full time CEO, 5 staff; 2001 full time CEO, 5 staff; membership 1400 membership 1400
Today – CEO, 11 staff, membership Today – CEO, 11 staff, membership >3000>3000
Drivers – legislation and King support Drivers – legislation and King support internal audit functions , growth of internal audit functions , growth of corporate governance and risk corporate governance and risk management requirements, corruption, management requirements, corruption, need for skills development, public need for skills development, public sector expands IA functionssector expands IA functions
Why the need for a Why the need for a professional body?professional body?
It’s a professional homeIt’s a professional home Central contact point; Central contact point;
repository of informationrepository of information Administrative support of the Administrative support of the
key fundamentals –key fundamentals –membership, education & membership, education & training, technical support, training, technical support, dissemination of Standards dissemination of Standards and Code of Ethicsand Code of Ethics
The IIA SAThe IIA SAKey support functionsKey support functions
Reception and switchboardReception and switchboard MembershipMembership Finance and administrationFinance and administration Education & training*Education & training*
Career path – combination of Career path – combination of experience (workplace) and learning experience (workplace) and learning (academic) = COMPETENCE(academic) = COMPETENCE
CertificationsCertifications Technical support*Technical support***initially done by voluntary committeesinitially done by voluntary committees
Key support functionsKey support functions
Services Manager – to answer Services Manager – to answer queries, organise events, office queries, organise events, office managementmanagement
IT support IT support Marketing and communicationMarketing and communication CEOCEO
Strategy, Board supportStrategy, Board support 33rdrd party liaison including Inc, organisations, other party liaison including Inc, organisations, other
bodiesbodies Staff managementStaff management PolicyPolicy Image, public relations etcImage, public relations etc
IIA Education and IIA Education and TrainingTraining
AcademicAcademic Universities and TechnikonsUniversities and Technikons
EIAP, aligned to CFIAEIAP, aligned to CFIA Student supportStudent support
TrainingTraining Annual seminar/courses programAnnual seminar/courses program LearnershipsLearnerships
ConferencesConferences Annual Southern African – 18-20 AugustAnnual Southern African – 18-20 August RegionalRegional Risk, FraudRisk, Fraud International 2009International 2009
Networking eventsNetworking events
IIA Training - IIA Training - learnerships learnerships
LearnershipsLearnerships
Training contract between Training contract between employer, employee, Dept Labouremployer, employee, Dept Labour
21 days focused academic training21 days focused academic training Implementation of learning in Implementation of learning in
workplace, logbook, assessed by workplace, logbook, assessed by IIA SAIIA SA
Designation at end – Internal Audit Designation at end – Internal Audit Technician (IAT)Technician (IAT)
General Internal Auditor (GIA) in General Internal Auditor (GIA) in developmentdevelopment
Future expansionFuture expansion
Education and trainingEducation and training Full time Manager and support staffFull time Manager and support staff
Quality assessmentsQuality assessments State-of-the-art coursesState-of-the-art courses Extended visiting program to CAEs to Extended visiting program to CAEs to
increase understanding of IAincrease understanding of IA Company secretaryCompany secretary Secretarial support staffSecretarial support staff Enhanced marketing and promotionsEnhanced marketing and promotions Regional infrastructureRegional infrastructure Exemplary corporate governanceExemplary corporate governance
ConclusionConclusion
Secretariat providesSecretariat provides Professional homeProfessional home Mechanism for stability, spreading Mechanism for stability, spreading
professionalism, disseminating the professionalism, disseminating the Standards and Code of EthicsStandards and Code of Ethics
Voice of the individual on a united Voice of the individual on a united front, locally and globallyfront, locally and globally
Together weTogether weProgress through sharing Progress through sharing
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