Annual General Meeting Chief Executive’s Report Dr Ian Peters 13th October 2016

Contents Financial overview Sales income and membership growth Operational performance

Financial overview Surplus of £370,109 for the year Income increased by 18.2% Costs increased by 9.9%

Sales income First year of new qualification sales: £387,192 Chartered By Experience sales up by £11,550 Certificate programme sales down by £49,789 External Quality Assessment sales up by £219,163 Tuition sales down by £118,012 Partnership income up by £52,694 Training sales up by £117,118

Membership 9,378 as at 31.3.2016 Up 620 (7%) on 2015 Showing continued growth this year so far

Operational performance Policy and influence work: What every director should know (April 2015) The role of internal audit in non-financial and integrated reporting (July 2015) Implementing the IIA Financial Services Code (July 2015) Outsourcing and the role of internal audit (September 2015)

Audit committee engagement Non-exec engagement through events, including FRC and Board Intelligence tie-ins Continued publication of audit committee briefings

Our media coverage is helping to raise the profile of the profession

Operational performance Heads of Internal Audit Chartered By Experience External Quality Assessment Global suite of qualifications HIAS - grew from 218 to 260

Summary A year of exceptional financial performance Ever stronger relationships within the profession Growing capability to support the profession Expanding influence and network of external relationships Growing presence on international stage

Questions?