Securing Global Relevance
Given the increasingly globalized nature of business, The IIA is expanding its capacity to serve members around the world, and to standardize its offerings globally. The IIA intends to bring the same level of professionalism and technical acumen to internal auditors and their organizations wherever they work.
One Set of Global certifications
The IIA and IIA–UK and Ireland (known as the Chartered Institute of Internal Auditors) took a major step toward a universal global certification when they announced in 2015 that IIA–UK and Ireland would transition from its highly regarded certifications – The IIA Diploma (PIIA) and IIA Advanced Diploma (CMIIA) – to the Certified Internal Auditor (CIA) and Qualification in Internal Audit Leadership (QIAL). Under the convergence agreement, the transition to CIA and QIAL will be conducted over a three-year period.
“Increasingly, internal auditors have told us they need a global qualifications suite because they are operating globally, their companies are operating globally, and they need to meet global standards. By adopting the CIA and QIAL, we are able to provide that global qualifications suite.”
A Challenge Accepted
To help reinforce the distinct and distinguished contributions of internal auditors, and raise the profile of and demand for internal auditing, a joint initiative with the Association of Chartered Certified Accountants (ACCA) was launched in November 2015. ACCA members pursuing a specialization in internal auditing could take a challenge exam for an expedited route to earning the CIA designation by demonstrating competency in areas not already covered in the ACCA exams. Alan Hatfield, ACCA’s executive director of strategy and development explained, “This is an excellent opportunity to allow existing ACCA members to further develop their expertise in this specialized field in which being well-qualified clearly matters.” The challenge exam attracted more than 1,400 candidates in 101 countries and resulted in 996 new members joining The IIA.
Professional Practices for a Global Profession
As the global guidance-setting body, The IIA maintains the International Professional Practices Framework (IPPF), the globally recognized professional standards and guidance that underpins the practice of internal auditing. In 2015, The IIA issued enhancements to the IPPF, which included a new mission for internal audit: “To enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight.” The IPPF also explicitly states the Core Principles that must exist for internal audit to fulfill its potential.IPPF Core Principles
As part of the evolution in the process to provide internal auditors with timely and appropriate tools for practicing the profession, The IIA sought input on proposed changes to its International Standards for the Professional Practice of Internal Auditing (Standards), to help practitioners meet new challenges and evolving demands on internal audit. The proposed changes focus on three areas: enhancing existing standards on communications and quality assurance; creating new standards to ensure objectivity in assurance and consulting roles, as well as addressing new roles internal audit functions are taking on; and aligning existing standards with the Core Principles.
Thought Leadership for a Changing World
Internal auditors must carefully look beyond day-to-day challenges and toward emerging issues on the horizon. In its role as a thought leader, The IIA launched the Global Perspectives and Insights series, published in eight languages: Arabic, Chinese Simplified, English, French, Indonesian, Portuguese, Spanish, and Turkish. The series informs internal auditors worldwide on the pressing issues facing their organizations and how to tackle them effectively. Reports are available to members through IIA institutes in more than 100 countries and territories, as well as through The IIA’s global website.
A Truly International Conference
The IIA’s International Conference is the premier training and networking event for internal audit professionals worldwide. Held in Vancouver, Canada in 2015, The IIA welcomed 1,900 delegates from 97 countries and territories.
Building Capacity of the Profession
A key effort for The IIA is the Africa Initiative, which elevates the capacity of the internal audit profession across the continent. In August 2015, IIA executive leadership and IIA Global Headquarters staff hosted the Second African Workshop in Cape Town, South Africa. Over two days, 20 attendees representing 15 African institutes and two associated organizations participated in a series of sessions to develop a strategic plan. This partnership and its activities, such as leadership training, extend into 2016 and beyond.
“The Initiative will enable institutes to increase their capacity to effectively serve their members and to grow membership,” said Parity Twinomujuni, CIA, CRMA, chairman of the African Federation of Institutes of Internal Auditors (AFIIA) and Chief Executive Officer of the National Housing and Construction Co. in Kampala, Uganda. “Through research and by training local leaders, we will identify and address key challenges affecting the profession on the continent. We also aim to establish stakeholders’ awareness of The IIA as the leader in advocating for, and influencing the practice of internal auditing in Africa.”