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.
Mission
To 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
Representation
100,000 members
Over 150 Countries
33 Institutes
212 Chapters
Regional Organizations
FLAI – Federation of Latin America of Internal
Audit
ECIIA – European Confederation of Internal
Audit
UFAI – Union francophone de l’audit interne
(Federation of French speaking institutes of
internal audit)
Governance Structure
The
The Institute
Institute of
of Internal
Internal Auditors
Auditors
VOLUNTEER ORGANIZATION
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
NORTH
NORTH AMERICAN
AMERICAN
COMMITTEE
COMMITTEE
GLOBAL COUNCIL
GLOBAL FINANCE
COMMITTEE
SENIOR
SENIOR VICE
VICE CHAIRMAN
CHAIRMAN
Ethics
Ethics
Guidance
Guidance Planning
Planning
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)
EXECUTIVE COMMITTEE
Chairman of the Board
Senior Vice Chairman
Vice Chairmen (4)*
Secretary
Treasurer
Past Chairmen (2)
PROFESSIONAL
SERVICES
ADVISORY COUNCIL
PROFESSIONAL
DEVELOPMENT
ADVISORY COUNCIL
Vice Chairman
District Representatives
Government Relations
International Relations
Membership
Regional Representatives
Vice Chairman
Board of Regents
Communications Advisory
International Conference
Professional Conference
Seminars
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
GLOBAL
NOMINATING
COMMITTEE
AUDIT COMMITTEE
RESEARCH
RESEARCH FOUNDATION
FOUNDATION
Vice
Vice Chairman
Chairman (President,
(President, RF)
RF)
Board
Board of
of Trustees
Trustees
Board
Board of
of Research
Research &
& Education
Education
Advisors
Advisors
Academic
Academic Relations
Relations
PROFESSIONAL
PRACTICES
ADVISORY COUNCIL
Vice Chairman
Advanced Technology
Internal Auditing Standards
Board
Professional Issues
Committee on Quality
Governance Structure
The
The Institute
Institute of
of Internal
Internal Auditors
Auditors
VOLUNTEER ORGANIZATION
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
NORTH
NORTH AMERICAN
AMERICAN
COMMITTEE
COMMITTEE
GLOBAL COUNCIL
GLOBAL FINANCE
COMMITTEE
SENIOR
SENIOR VICE
VICE CHAIRMAN
CHAIRMAN
Ethics
Ethics
Guidance
Guidance Planning
Planning
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)
EXECUTIVE COMMITTEE
Chairman of the Board
Senior Vice Chairman
Vice Chairmen (4)*
Secretary
Treasurer
Past Chairmen (2)
PROFESSIONAL
SERVICES
ADVISORY COUNCIL
PROFESSIONAL
DEVELOPMENT
ADVISORY COUNCIL
Vice Chairman
District Representatives
Government Relations
International Relations
Membership
Regional Representatives
Vice Chairman
Board of Regents
Communications Advisory
International Conference
Professional Conference
Seminars
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
GLOBAL
NOMINATING
COMMITTEE
AUDIT COMMITTEE
RESEARCH
RESEARCH FOUNDATION
FOUNDATION
Vice
Vice Chairman
Chairman (President,
(President, RF)
RF)
Board
Board of
of Trustees
Trustees
Board
Board of
of Research
Research &
& Education
Education
Advisors
Advisors
Academic
Academic Relations
Relations
PROFESSIONAL
PRACTICES
ADVISORY COUNCIL
Vice Chairman
Advanced Technology
Internal Auditing Standards
Board
Professional Issues
Committee on Quality
Governance Structure
The
The Institute
Institute of
of Internal
Internal Auditors
Auditors
VOLUNTEER ORGANIZATION
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
NORTH
NORTH AMERICAN
AMERICAN
COMMITTEE
COMMITTEE
GLOBAL COUNCIL
GLOBAL FINANCE
COMMITTEE
SENIOR
SENIOR VICE
VICE CHAIRMAN
CHAIRMAN
Ethics
Ethics
Guidance
Guidance Planning
Planning
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)
EXECUTIVE COMMITTEE
Chairman of the Board
Senior Vice Chairman
Vice Chairmen (4)*
Secretary
Treasurer
Past Chairmen (2)
PROFESSIONAL
SERVICES
ADVISORY COUNCIL
PROFESSIONAL
DEVELOPMENT
ADVISORY COUNCIL
Vice Chairman
District Representatives
Government Relations
International Relations
Membership
Regional Representatives
Vice Chairman
Board of Regents
Communications Advisory
International Conference
Professional Conference
Seminars
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
GLOBAL
NOMINATING
COMMITTEE
AUDIT COMMITTEE
RESEARCH
RESEARCH FOUNDATION
FOUNDATION
Vice
Vice Chairman
Chairman (President,
(President, RF)
RF)
Board
Board of
of Trustees
Trustees
Board
Board of
of Research
Research &
& Education
Education
Advisors
Advisors
Academic
Academic Relations
Relations
PROFESSIONAL
PRACTICES
ADVISORY COUNCIL
Vice Chairman
Advanced Technology
Internal Auditing Standards
Board
Professional Issues
Committee on Quality
Governance Structure
The
The Institute
Institute of
of Internal
Internal Auditors
Auditors
VOLUNTEER ORGANIZATION
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
NORTH
NORTH AMERICAN
AMERICAN
COMMITTEE
COMMITTEE
GLOBAL COUNCIL
GLOBAL FINANCE
COMMITTEE
SENIOR
SENIOR VICE
VICE CHAIRMAN
CHAIRMAN
Ethics
Ethics
Guidance
Guidance Planning
Planning
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)
EXECUTIVE COMMITTEE
Chairman of the Board
Senior Vice Chairman
Vice Chairmen (4)*
Secretary
Treasurer
Past Chairmen (2)
PROFESSIONAL
SERVICES
ADVISORY COUNCIL
PROFESSIONAL
DEVELOPMENT
ADVISORY COUNCIL
Vice Chairman
District Representatives
Government Relations
International Relations
Membership
Regional Representatives
Vice Chairman
Board of Regents
Communications Advisory
International Conference
Professional Conference
Seminars
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
GLOBAL
NOMINATING
COMMITTEE
AUDIT COMMITTEE
RESEARCH
RESEARCH FOUNDATION
FOUNDATION
Vice
Vice Chairman
Chairman (President,
(President, RF)
RF)
Board
Board of
of Trustees
Trustees
Board
Board of
of Research
Research &
& Education
Education
Advisors
Advisors
Academic
Academic Relations
Relations
PROFESSIONAL
PRACTICES
ADVISORY COUNCIL
Vice Chairman
Advanced Technology
Internal Auditing Standards
Board
Professional Issues
Committee on Quality
Governance Structure
The
The Institute
Institute of
of Internal
Internal Auditors
Auditors
VOLUNTEER ORGANIZATION
90,000 MEMBERS IN MORE THAN 120 COUNTRIES
NORTH
NORTH AMERICAN
AMERICAN
COMMITTEE
COMMITTEE
GLOBAL COUNCIL
GLOBAL FINANCE
COMMITTEE
SENIOR
SENIOR VICE
VICE CHAIRMAN
CHAIRMAN
Ethics
Ethics
Guidance
Guidance Planning
Planning
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)
EXECUTIVE COMMITTEE
Chairman of the Board
Senior Vice Chairman
Vice Chairmen (4)*
Secretary
Treasurer
Past Chairmen (2)
PROFESSIONAL
SERVICES
ADVISORY COUNCIL
PROFESSIONAL
DEVELOPMENT
ADVISORY COUNCIL
Vice Chairman
District Representatives
Government Relations
International Relations
Membership
Regional Representatives
Vice Chairman
Board of Regents
Communications Advisory
International Conference
Professional Conference
Seminars
*VC-Professional Services, VC-Professional Development,
VC-Professional Practices, VC-Research
GLOBAL
NOMINATING
COMMITTEE
AUDIT COMMITTEE
RESEARCH
RESEARCH FOUNDATION
FOUNDATION
Vice
Vice Chairman
Chairman (President,
(President, RF)
RF)
Board
Board of
of Trustees
Trustees
Board
Board of
of Research
Research &
& Education
Education
Advisors
Advisors
Academic
Academic Relations
Relations
PROFESSIONAL
PRACTICES
ADVISORY COUNCIL
Vice Chairman
Advanced Technology
Internal Auditing Standards
Board
Professional Issues
Committee on Quality
Headquarters Structure
President
Chief Operating
Officer
Chief Administrative
Officer
Chief Advocacy
Officer
Relationship Management
Finance
Knowledge Management
Educational Materials
Information Systems
Research
Educational Programs
Human Resources
Knowledge Assessment
Web Operations
Public / Media Relations
Advertising & Sponsorship
Marketing
Effective 1/4/05
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 Conferences
Seminars
Educational Products
Research
Audit Committees
Systems Auditability and Control (SAC)
Competency Framework for Internal Auditing
Governance
Value Added Services
Auditing in the Public
Sector
Addressing Government Auditors’
Needs
Establish Government Auditing Resource at
IIA Headquarters
Increase government membership to
30,000 members (from 9,000)
Government Auditing—one primary focus
of IIA Advocacy Plan
Elevate support given Government
Relations Committee
Increase government auditors’ involvement
in volunteer leadership committees
Government Relations Committee
Key Projects
In draft: The Role of Audit in
Public Sector Governance
White paper
Collaborators—NASACT, U.S. Comptroller
General’s Domestic Working Group
Wanted: More collaborators
Research underway: Capability
Maturity Model for Government
Audit
Government Relations Committee
Key Projects
International Outreach Efforts
South Africa Initiative, lead: Ontario, CA
Developing resource bureau for training
and mentoring assistance to requesting
governments
Resource for Government auditors
Public Sector Initiatives
IFAC (International Federation of
Accountants)
OECD (Organization of Economic
Cooperation and Development)
Standards for the
Professional Practice of
Internal Auditing
Professional Practices
Framework
Standards
& Ethics
Development &
Practice Aids
Practice
Advisories
Categories of Guidance
Ethics &
Standards
Code of Ethics
Attribute, Performance, &
Implementation Standards
Practice
Advisories
Professional Practices
Pamphlets
•Books
Development &
Practice Aids
•Research Studies
•Seminars
•Conferences
Standards
Attribute Standards – address attributes of
organizations and individuals performing internal
audit services.
Performance Standards – describe the nature of
internal audit services and provide quality criteria against
which the performance can be measured.
Implementation Standards – expand upon attribute
and performance standards and provide guidance
applicable to specific types of engagements.
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
Definition of Internal Auditing
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.
Code of Ethics
Principles
Rules of Conduct
Code of Conduct:
Principles
Integrity
Objectivity
Confidentiality
Competency
Code of Conduct:
Principles
Integrity
Objectivity
Confidentiality
Competency
Standards
Attribute Standards
Performance Standards
Implementation 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 Standards
Quality 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 Standards
Managing the Internal Audit Activity
Planning
Communication and Approval
Resource Management
Policies and Procedures
Coordination
Reporting to the Board and Senior
Management
Performance Standards
Managing the Internal Audit Activity
Planning
Communication and Approval
Resource Management
Policies and Procedures
Coordination
Reporting to the Board and Senior
Management
Performance Standards
Nature of Work
Risk Management
Control
Governance
Performance Standards
Nature of Work
Risk Management
Control
Governance
Performance Standards
Nature of Work
Risk Management
Control
Governance
Performance Standards
Engagement Planning
Planning Considerations
Engagement Objectives
Engagement Scope
Engagement Resource Allocation
Engagement Work Program
Performance Standards
Performing the Engagement
Identifying Information
Analysis and Evaluation
Recording Information
Engagement Supervision
Performance Standards
Communicating Results
Criteria for Communicating
Quality of Communications
Errors and Omissions
Engagement Disclosure of
Noncompliance with the Standards
Disseminating Results
Performance Standards
Monitoring Progress
Management’s Acceptance of Risks
Questions?