REPORTS

The Institute of Internal Auditors, Inc. and Affiliates

Consolidating Statement of Financial Position

For the Year Ended December 31, 2015 (With Summarized Comparative Consolidated Totals for the Year Ended December 31, 2014)

2015 2014
The Institute of Internal Auditors, Inc. Institute of Internal Auditors - Research Foundation, Inc. Internal Auditing Academic Advancement Fund, Inc. IIA Quality Services, LLC Eliminations Consolidated Total Consolidated Total
Assets
Cash and cash equivalents $11,628,325 $883,878 $875,525 $552,498 $13,940,226 $12,339,667
Investments 35,567,379 2,299,991 37,867,370 32,729,393
Due from affiliates, net 971,644 6,303 (977,947)
Accounts receivable, net 1,756,061 183,704 376,742 2,316,507 3,613,890
Prepaid expenses and other assets 1,782,512 181,648 1,964,160 2,039,887
Property and equipment, net 4,828,972 52,109 4,881,081 5,373,295
Deferred project costs, net 1,013,296 172,346 1,185,642 1,986,106
Employee savings plans 1,659,353 1,659,353 1,785,967
Restricted investments 135,000 135,000 135,000
Total Assets 59,207,542 3,908,676 881,828 929,240 (977,947) 63,949,339 60,003,205
Liabilities
Accounts payable and accrued expenses $6,530,378 $169,972 $6,689 $75,515 $6,782,554 $5,757,958
Due to affiliates, net 116,704 861,243 (977,947)
Deferred revenue 10,689,022 39,615 10,728,637 10,866,123
Deferred employee compensation 1,659,353 1,659,353 1,785,967
Other liabilities 1,037,816 1,037,816 732,300
Total Liabilities 19,916,569 326,291 6,689 936,758 (977,947) 20,208,360 19,142,348
Net Assets
Unrestricted $39,262,623 $2,931,520 $814,297 $(7,518) $43,000,922 $40,079,876
Temporarily restricted 28,350 515,865 60,842 605,057 645,981
Permanently restricted 135,000 135,000 135,000
Total Net Assets 39,290,973 3,582,385 875,139 (7,518) 43,740,979 40,860,857
Total Liabilities and Net Assets $59,207,542 $3,908,676 $881,828 $929,240 $(977,947) $63,949,339 $60,003,205