The Institute of Internal Auditors. Vision The IIA will be the global voice of the internal audit profession: advocating its value, promoting best practice,

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


Board of RegentsCommunications AdvisoryInternational ConferenceProfessional Conference

Seminars

PROFESSIONAL PRACTICES


Advanced TechnologyInternal Auditing Standards

BoardProfessional Issues

Committee on Quality

GLOBAL FINANCE COMMITTEE

AUDIT COMMITTEE

NORTH AMERICAN COMMITTEE


GLOBAL COUNCIL

SENIOR VICE CHAIRMANEthics

Guidance Planning


Guidance Planning

RESEARCH FOUNDATIONVice Chairman (President, RF)

Board of TrusteesBoard of Research & Education

Advisors Academic Relations




Governance Structure






SecretaryTreasurer

Past Chairmen (2)


FOUNDATION)












Seminars







AUDIT COMMITTEE



GLOBAL COUNCIL


Guidance Planning


Guidance Planning








Governance StructureVOLUNTEER ORGANIZATIONVOLUNTEER ORGANIZATION

The Institute of Internal AuditorsThe Institute of Internal Auditors





SecretaryTreasurer

Past Chairmen (2)


FOUNDATION)












Seminars







AUDIT COMMITTEE



GLOBAL COUNCIL


Guidance Planning


Guidance Planning







Governance StructureVOLUNTEER ORGANIZATIONVOLUNTEER ORGANIZATION

The Institute of Internal AuditorsThe Institute of Internal Auditors





SecretaryTreasurer

Past Chairmen (2)


FOUNDATION)












Seminars







AUDIT COMMITTEE



GLOBAL COUNCIL


Guidance Planning


Guidance Planning












SecretaryTreasurer

Past Chairmen (2)


FOUNDATION)












Seminars







AUDIT COMMITTEE



GLOBAL COUNCIL


Guidance Planning


Guidance Planning








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 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?

Documents

The Institute of Internal Auditors. Vision The IIA will be the global voice of the internal audit profession: advocating its value, promoting best practice,