Institute of Internal Auditors
From Wikicpa
Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association of more than 117,000 members with global headquarters in Altamonte Springs, Fla., United States. Throughout the world, The IIA is recognized as the internal audit profession’s leader in certification, education, research, and technological guidance.
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Contact
The Institute of Internal Auditors
247 Maitland Avenue
Altamonte Springs
Florida 32701-4201
Telephone: 407-937-1100
Fax: 407-937-1101
Website: http://www.theiia.org/
Mission
The mission of The Institute of Internal Auditors is to provide dynamic leadership for the global profession of internal auditing. Activities in support of this mission will include, but will not be limited to:
- Advocating and promoting the value that internal audit professionals add to their organizations;
- Providing comprehensive professional educational and development opportunities; standards and other professional practice guidance; and certification programs;
- Researching, disseminating, and promoting to practitioners and stakeholders knowledge concerning internal auditing and its appropriate role in control, risk management, and governance;
- Educating practitioners and other relevant audiences on best practices in internal auditing; and
- Bringing together internal auditors from all countries to share information and experiences.
What is 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.
Guidance and Resource Information
The IIA’s Internal Auditing Standards Board (IASB) has approved a revision to Standard 1312 on external quality assessments. The IASB made its announcement following its review of comments received during the standards exposure process. The slight revision in the Standard was viewed as needed to further clarify the role of the CAE in bringing the Board into the external assessment process. As Allan Goldstein, IASB Chair, stated, "this revised Standard requires that the CAE have a discussion about the external quality assessment process – both from the frequency of the reviews appropriate for the internal audit department (at least once every five years), as well as the selection criteria for a qualified reviewer. This involvement of the Board in the internal audit’s quality improvement process should only be viewed as positive."
External Links
Frequently Asked Questions (FAQs) About the Internal Audit Profession
