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Www.theiia.org The Institute & the Profession Personalize here with presenter name.

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Presentation on theme: "Www.theiia.org The Institute & the Profession Personalize here with presenter name."— Presentation transcript:

1 www.theiia.org The Institute & the Profession Personalize here with presenter name.

2 www.theiia.org The IIA: Global Professional Association Recognized Authority Acknowledged Leader Principal Educator

3 www.theiia.org IIA Motto Progress through Sharing

4 www.theiia.org IIA History 1941: Established in New York, USA 1944: Established 1 st Affiliate, Canada 1948: Established 2 nd Affiliate, England 2006: -246 Affiliates -160 Countries -More than 120,000 members

5 www.theiia.org IIA Strategic Objectives Advocacy Globalization Service to members

6 www.theiia.org The IIA Provides: Global Affiliate Network Membership Services Certification Professional Development & Training Educational Materials Benchmarking Network Professional Practices Framework IIA Research Foundation (IIARF) IIRF Reports & Educational Products

7 www.theiia.org Professional Practices Framework (PPF) Code of Ethics Standards Practice Advisories (PAs)

8 www.theiia.org Internal Auditing Independent Objective Assurance & consulting activity Adds value Monitors & improves –Risk Management –Internal Control –Governance Processes Helps meet organizational objectives

9 www.theiia.org Internal Auditors: Evaluate Risk Confirm Information Analyze Operations Monitor Ethics Review Compliance Recommend Controls Assure Safeguards

10 www.theiia.org Differentiation Internal and external auditing are two different professions.

11 www.theiia.org Organizational Governance Four Cornerstones: Board of Directors Executive Management Internal Auditors External Auditors

12 www.theiia.org Cornerstones

13 www.theiia.org Audit Committee Primary Responsibilities: Financial Reporting Corporate Governance Corporate Control

14 www.theiia.org Reporting Relationships The internal auditor should have a dual reporting relationship to the audit committee and to the CEO.

15 www.theiia.org Internal Control Components: Control Environment Risk Assessment Control Activities Information & Communication Monitoring

16 www.theiia.org Risk Management Identify Assess Rank Communicate Anticipate Mitigate

17 www.theiia.org Enterprise Risk Management Strategic Risk Operational Risk Financial Risk Hazard Risk Compliance Risk Risk to Reputation

18 www.theiia.org COSOs ERM Framework

19 www.theiia.org Visit www.theiia.org www.theiia.org Call +1-407-937-1111 E-mail PR@theiia.org For more information:


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