Presenter: Organization Date PROFESSIONAL ASSOCIATIONS: WHY PARTICIPATE? THE PROFESSION THAT MAKES A DIFFERENCE Presenter: Organization Date

Today’s Professional Association Determining the right one for you AGENDA Today’s Professional Association Determining the right one for you The IIA as THE Professional Association for Internal Auditors This presentation is designed to address Professional Associations in general. Then we will discuss the professional association for internal auditors which is The Institute of Internal Auditors (The IIA) Before moving to the next slide, ask the audience how they would define a professional association. Accept responses that include: Individuals Synergies Working to advance the profession Standards Certification Recognition After a few minutes, turn to the next slide

PROFESSIONAL ASSOCIATION Society of professionals An organization composed of members of a particular profession that regulates entry to and sets and maintains standards for that profession As defined by “encarta.msn.com” Here is a general definition. How does it compare to the definitions we just discussed? Then say, know that we have a definition to use for this presentation , let’s see what else we want to talk about.

YOUR MEMBERSHIP EXPERIENCE

What is important to you? What is expected at work? CHOOSING THE RIGHT ONE What is important to you? What is expected at work? What can you get out of the membership? What can you give to the profession through membership? To determine what association(s) best fit(s) you , let’s look at these questions. Conduct an interactive discussion challenging the audience to think about the types of organizations they might want to join now as students. Discuss why it would be good to become a member of a professional association while still a student. So let’s look at the next slide to see if there is anything else we might want from an association.

WHAT I NEED FROM THE ASSOCIATION Professional guidance Advocacy Training Networking Certification Specialty programs Technology Publications Services Local contacts There are many benefits to IIA membership. So we understand that there are many benefits we can get from being a member of an association. Ask, do you think we could get additional benefits by “giving back” to the profession in some way. You will get some people to say yes. Then say, “Well let’s see what an association might need form us. .

WHAT THE ASSOCIATION NEEDS FROM ME Involvement in the profession Involvement in the professional association Motivating professionals to become members Mentoring new members Mentoring students Facilitate a discussion that shows how members benefit form support their associations and how that actually further benefits them.

THE INSTITUTE OF INTERNAL AUDITORS

THE INSTITUTE OF INTERNAL AUDITORS (IIA) International Professional Association Established in 1941 Global Headquarters – Altamonte Springs, Florida, U.S.A. More than 170,000 members worldwide Representation in more than 165 countries Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs, Fla., USA. Members work in internal auditing, risk management, governance, internal control, information technology audit, education, and security.

THE IIA VISION The IIA is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator. Provide any examples showing how you have found The IIA to be the Global Voice. An example might be: the Value Proposition for Stakeholders The IIA’s involvement with organizations such as government, COSO, Basel Commission (for banking), etc

THE IIA MISSION STATEMENT The mission of The Institute of Internal Auditors provides dynamic leadership for the global profession of internal auditing. Before presenting this slide, check The IIA’s website for current news form the Press Room at https://na.theiia.org/about-us/Pages/Press-Room.aspx or https://global.theiia.org/about/about-the-iia/Pages/Press-Room.aspx

THE IIA MISSION STATEMENT 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 Summarize this slide and depending on the audience, consider highlighting one or two of the activities

IIA STRATEGIC PRIORITIES The IIA has three primary objectives: Advocacy To be the recognized voice for the internal audit profession Globalization To develop and sustain the internal audit profession globally through appropriate infrastructure, coordination, support, and communication Service To provide exceptional service to IIA members So what are we doing that might make you want to join? Issues on which The IIA is taking a stand Specific membership benefits Value for money in terms of the membership fee Quantity and quality of information available on the web. Provide other examples that made you become a member

Acceptance of the internal auditing profession IIA BROAD OBJECTIVES Acceptance of the internal auditing profession Increase internal auditing capacity Provide better services for our members In the past, no one knew what and internal auditor did. Then they though all auditors were accountants. Now people are beginning to: Know the term internal audit Understand what internal auditor do… Much of that has been because of The IIA and its local entities. There is still a long way to go. There are many countries, companies and governments that do not practice internal auditing. So The IIA is helping to build internal audit capacity. The IIA will continually strive to make each member’s experience one they are proud of and share with others.

ADVOCATING FOR THE PROFESSION A seat on the Standing Advisory Group of the PCAOB Permanent observer status on INSOTSAI Respond to various regulators Basel Committee on Banking Supervision SEC OSC SOX These are just a few of the entities the IIA is working with to promote good governance and the value of internal auditing.

THE GLOBAL ADVOCACY FRAMEWORK Maximize influence with limited resources Focus on key targets Coordinate efforts globally Set objectives; record progress Provide consistent impression of internal auditing profession and The IIA ONE MESSAGE, MANY VOICES! The main message on this slide is for internal auditors and internal auditing there should be … ONE MESSAGE, MANY VOICES! All internal auditors will convey the ONE MESSAGE to their stakeholders, to the general public, etc.

DEVELOPMENT OF STANDARDS AND GUIDANCE Internal Auditing Standards Board Exposure Draft Process Approval and implementation date Professional Issues Committee Internal Auditing Standards Board Mission: To promulgate, monitor, and promote the International Standards for the Professional Practice of Internal Auditing. Proposed changes to a Standard or additional Standards are considered by this committee, the wording is agreed upon and submitted to the Exposure Draft Process. Because this core material is so important to the profession, the entire profession is always asked for comments before there are any changes to the mandatory guidance. The Exposure Draft Process helps The IIA to develop new Standards. Before new mandatory guidance is approved, The IIA publishes the information on the Web site, in magazines, in press releases, and in announcements to the Chapters and Affiliates. The Exposure Draft Process helps ensure that new professional guidance meets the needs of all internal auditors world-wide. Once the new wording is officially approved the following note would be indicated on the web site: "The effective date for implementation of the revised Standard is no later than January 1, 200x; however the Internal Auditing Standards Board recommends earlier adoption." Professional Issues Committee Mission: To provide timely guidance to the members of the profession on concepts, methodologies, and techniques included in the professional practices framework and to comment on, or develop positions on other matters which directly or indirectly impact the profession of internal auditing Because the Guidance provided in the Practice Advisories are not mandatory, they are not subject to a formal exposure draft process. However, all Practice Advisories must be approved by The IIA’s Professional Issues Committee or other group appointed by the Guidance Development Committee.

COMMON BODY OF KNOWLEDGE (CBOK) Global survey Summary of the global practice of internal auditing Insights into the practice of internal auditing, how it has changed, and where it is going Also under The IIA Research Foundation (RF) is a very important new study, funded by the William G. Bishop III Memorial Fund, called the Common Body of Knowledge, or CBOK. You’ll be hearing a lot about this survey in the upcoming months. The CBOK will look at the practice of internal auditing on a global basis. It will begin with a global survey that will be translated into numerous languages so that as many countries as possible will be given the opportunity to participate. The results will be published in modular reports organized by topic, which would produce, in the aggregate, a live library of the evolution of the practice of internal auditing. The initial study will give us a baseline for the subsequent surveys that will be launched every three years.

CERTIFICATION PROGRAM Certified Internal Auditor (CIA) Certified Government Auditing Professional (CGAP) Certification in Control Self-Assessment (CCSA) Certified Financial Services Auditor (CFSA) Certification in Risk Management Assurance The most widely recognized proof of professional competency is certification. The Certified Internal Auditor® (CIA®) is the internal audit profession’s premiere designation. The Institute administers CIA examinations twice a year at locations all over the world. Many business leaders insist that the internal auditors they hire either already hold the CIA, or work toward earning the credential upon job acceptance. The IIA also offers several specialty certifications which are listed on the slide. These certifications are global certifications and recognized worldwide.

Career Opportunities Online Resume Search Postings AUDIT CAREER CENTER What’s in it for you? An Audit Career Center is available to help match organizations that have position openings with IIA members seeking new opportunities. The career center offers the opportunity to view current job opportunities for staff, management, or executives by geographic region, Update, edit, or create a new personal resume, which will be available to employers with posted job opportunities. Search postings, to see current job opportunities that match the criteria in your online resume.

The IIA is a professional association of individual members IIA MEMBERSHIP The IIA is a professional association of individual members All members commit to follow the IIA Code of Ethics and International Standards for the Professional Practice of Internal Auditing Members are served via local chapters or institutes, or directly as members-at-large (where no chapter/affiliate exists) Summarize the slide

PUBLIC AND PRVATE IIA members come from a wide variety of public and private sectors, which include: Agriculture Forestry, and fisheries Mining Contract construction Manufacturing Transportation Communications Utility services Wholesale and retail trade Financial Insurance Real estate Services Education Government As the slide shows members come form all industries.

PROFESSIONAL RESPONSIBILITIES IIA members have various professional responsibilities, including: Internal Auditing Risk Management Governance Internal Control IT Audit Education Security Ask if anyone is surprised that internal auditors might include these other responsibilities within the internal audit umbrella. Explain that internal auditors, of course, are not responsible for the the doing, just the reviewing, assuring, advising, consulting and reporting. There are times when internal auditors might be involved in the training of employees in an organization. The presenter should include some example of how these responsibilities work in his/her organization.

MEMBERSHIP CATEGORIES – NORTH AMERICA Individual Membership Regular Educational Government Student Retired Life Group Membership Audit Group Government Group The categories are for the North American Membership group. If you are presenting outside of NA, please substitute this slide with you IIA Institute Membership structure.

LOCAL IIA AFFILIATION In North America - join as members of The IIA directly; assigned to a chapter in their area All other regions - become members of The IIA by joining an IIA institute in your region Regardless of where you joined or are based, you are a member of The IIA’s global organization.

THE [NAME] CHAPTER/INSTITUTE OF THE IIA Became a Chapter/Institute on [date] [number of] Members [Chapter/Institute Website] Other pertinent information about the local IIA This is the contact information for the local Chapter Institute web site link from The IIA web site.

THE PROFESSION FOR THE FUTURE… INTERNAL AUDITING For more information… E-mail: academic@theiia.org Website: www.theiia.org/academic or www.globaltheiia.org Telephone: +1 407 937 1100 Fax: +1 407 937 1101 Ask for and answer any questions form the audience. If there are questions that cannot be answered, tell the requester that you will get the answer or a contact for him/her. If the question cannot be answered locally, please send the question to academic@theiia.org and we will get an answer.