Institute of Internal Auditors#Standards and Code of Ethics
{{Short description|Professional association}}
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{{Infobox organization
| name = The Institute of Internal Auditors
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| abbreviation = The IIA or IIA
| formation = November 1941
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| type = NGO
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| headquarters = Lake Mary, Florida, United States
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| region_served = Global
| membership = 260,000+ (2025)
| leader_title = President & CEO
| leader_name = Anthony J. Pugliese
| leader_title2 = Chair of Global Board of Directors
| leader_name2 = Terry Grafenstine (2024-2025)
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| website = {{URL|www.theiia.org}}
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The Institute of Internal Auditors (The IIA) is an international professional association.{{Cite web |url=https://uia.org/s/or/en/1100049866 |url-access= |title=Institute of Internal Auditors (IIA) |author1=Staff writer |year=2024 |department=UIA Global Civil Society Database |website=uia.org |publisher=Union of International Associations |agency=Yearbook of International Organizations Online |location=Brussels, Belgium |format= |arxiv= |asin= |bibcode= |doi= |doi-broken-date= |isbn= |issn= |jfm= |jstor= |lccn= |mr= |oclc= |ol= |osti= |pmc= |pmid= |rfc= |ssrn= |zbl= |id= |access-date=12 January 2025 |url-status= |archive-url= |archive-date= |via= |quote= |trans-quote= |ref= |postscript=}} The IIA offers professional certifications and provides standards for the internal audit profession.
History
The IIA was established in November 1941. The first five chapters were founded in five cities the following year. The first international chapter was established in Toronto in 1944. Additional international expansion outside North America occurred in London and Manila in 1948, with chapters in Japan and Australia in 1952.{{Cite web |title=IIA Global Expansion Timeline |url=https://www.theiia.org/globalassets/img/timeline/global-expansion-timeline.jpg |access-date=2025-04-21 |website=www.theiia.org |language=en}}
The IIA Code of Ethics was formally adopted in 1968. A common body of knowledge followed in 1972. The Certified Internal Auditor examination was established in 1974.{{Cite book |last=Ramamoorti |first=Sridhar |title=Internal Auditing: History, Evolution, and Prospects |publisher=The Institute of Internal Auditors Research Foundation |year=2003 |pages=6-7}} The IIA first issued professional standards, the Standards for the Professional Practice of Internal Auditing, in 1978.{{Cite book |last=Pitt |first=Sally-Anne |title=Internal audit quality: developing a quality assurance and improvement program |date=2014 |publisher=Wiley |isbn=978-1-118-71551-2 |location=Hoboken, New Jersey}} In 1985, The IIA was one of the original sponsors of the Committee of Sponsoring Organizations (the Treadway Commission).{{Cite web |title=Home |url=https://www.coso.org/ |access-date=2025-04-22 |website=COSO |language=en}}
In 2025, The IIA had more than 260,000 members from over 170 countries and territories. The IIA's global headquarters are in Lake Mary, Florida.{{Cite web |title=Contact Us |url=https://www.theiia.org/en/Privacy-Policy/contact-us/ |access-date=2025-04-20 |website=www.theiia.org |language=en}} Anthony Pugliese is the President and CEO of the organization.{{Cite web |title=The Institute of Internal Auditors Leadership |url=https://www.theiia.org/en/about-us/leadership/ |access-date=2025-04-20 |website=www.theiia.org |language=en}}
Professional certifications
The Certified Internal Auditor (CIA) {{Cite web |title=Certified Internal Auditor {{!}} Global Certification in Internal Audit {{!}} The IIA |url=https://www.theiia.org/fr-ca/certifications/cia/ |access-date=2024-05-06 |website=www.theiia.org |language=en}} certification is the primary professional designation offered by The IIA. The CIA certification is a globally recognized designation.{{Cite web |title=CIA Exam {{!}} Graduate Accounting {{!}} Kelley Indianapolis |url=https://kelley.indianapolis.iu.edu/programs/graduate-accounting/certification-exams/cia-exam.html |access-date=2025-04-22 |website=Kelley School of Business |language=en-US}}
In order to become a CIA, candidates must pass the three-part CIA exam as well as meet certain educational and professional experience requirements stipulated by The IIA.{{Cite web |title=Certification Candidate Handbook |url=https://www.theiia.org/en/content/certifications/certification-candidate-handbook/ |access-date=2024-05-06 |website=www.theiia.org |language=en}} The IIA also offers the CIA certification through a one-part exam, called the CIA Challenge Exam,{{Cite web |title=CIA Challenge Exam Options |url=https://www.theiia.org/en/promotions/certifications/qab/cia-challenge-exam-options/ |access-date=2024-05-06 |website=www.theiia.org |language=en}} for those who are already a Certified Public Accountant, Chartered Accountant, or Certified Information Systems Auditor.
CIAs are annually required to earn continuing education hours to renew their certifications.{{Cite web |title=CIA Renewal Requirements |url=https://www.theiia.org/en/certifications/cia/cpe-requirements/ |access-date=2025-04-22 |website=www.theiia.org |language=en}}
As of December 31, 2021, there were 178,512 holders of the CIA designation. Almost half were in the Asia Pacific region (85,604), with North America coming in second (57,482).{{cite web |title=Annual Report 2021 |url=https://www.theiia.org/globalassets/site/about-us/leadership/2022-4276-annual-report-fnl_digital_spreads.pdf |publisher=The Institute of Internal Auditors |access-date=28 November 2022}}
= Other currently awarded certifications =
The IIA also currently offers the following certifications:
- Internal Audit Practitioner (IAP). This certification requires a one-part exam and is geared predominately for students and new professionals.{{Cite web |title=Internal Audit Practitioner {{!}} Global Certification in Internal Audit {{!}} The IIA |url=https://www.theiia.org/en/certifications/iap/ |access-date=2024-05-06 |website=www.theiia.org |language=en}}
- Certification in Risk Management Assurance (CRMA). This certification requires a one-part exam{{Cite web |title=CRMA Exam Syllabus |url=https://www.theiia.org/en/certifications/crma/exam-preparation-resources/exam-syllabus/ |access-date=2025-04-22 |website=www.theiia.org |language=en}} and is specific to risk management assurance in the audit field.{{Cite web |title=Certification in Risk Management Assurance {{!}} Global Certification in Internal Audit {{!}} The IIA |url=https://www.theiia.org/en/certifications/crma/ |access-date=2024-05-06 |website=www.theiia.org |language=en}}
= Active, but no longer awarded, certifications =
The IIA previously offered four other certifications. These certifications are no longer awarded, but those who earned them prior to their phaseout may continue to use them.{{Cite web |date=January 2021 |title=CFSA, CGAP, CCSA Transition FAQs |url=https://www.theiia.org/globalassets/documents/certifications/ccsa-cfsa-cgap-transition-faqs.pdf |access-date=April 21, 2025 |publisher=The Institute of Internal Auditors}}
The certifications that were no longer awarded after June 30, 2021 include:
- Certification in Control Self-Assessment (CCSA)
- Certified Government Auditing Professional (CGAP)
- Certified Financial Services Auditor (CFSA)
The following certification was no longer awarded after December 31, 2022:
- Qualification in Internal Audit Leadership (QIAL){{Cite web |date=2025-01-22 |title=Qualification in Internal Audit Leadership {{!}} Global Certification in Internal Audit {{!}} The IIA |url=https://web.archive.org/web/20250122080014/https://www.theiia.org/en/certifications/qial/ |access-date=2025-04-22 |website=web.archive.org}}
Professional standards
In 1978, the IIA released the first version of the Standards for the Professional Practice of Internal Auditing. After several updates since then, on January 9, 2025 the revised Global Internal Audit Standards took effect. The revised standards replaced the International Standards for the Professional Practice of Internal Auditing.{{Cite web |title=2024 Global Internal Audit Standards |url=https://kpmg.com/us/en/articles/2024/global-internal-audit-standards.html |access-date=2025-04-22 |website=kpmg.com}}
The new Global Internal Audit Standards contain domains, principles, and standards. The five domains include an overview of internal auditing’s purpose, ethics, overall organizational governance, chief audit executive responsibilities, and audit performance.{{Cite web |title=Overview of the new Global Internal Audit Standards 2024 |url=https://www.wolterskluwer.com/en/expert-insights/new-global-internal-audit-standards-overview |access-date=2025-04-22 |website=www.wolterskluwer.com |language=en}} The 15 principles are broad statements within the last four domains.{{Cite web |date=January 9, 2024 |title=Global Internal Audit Standards |url=https://www.theiia.org/globalassets/site/standards/editable-versions/globalinternalauditstandards_2024january9_editable.pdf |access-date=April 21, 2025 |website=The Institute of Internal Auditors}} The 52 standards provide greater detail for the principles and include requirements, considerations for implementation, and examples of evidence of conformance.
See also
References
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External links
- [http://www.theiia.org The Institute of Internal Auditors (IIA)] - and [https://www.theiia.org/en/standards/what-are-the-standards/mandatory-guidance/code-of-ethics/ The IIA's Code of Ethics]
- [https://www.theiia.org/en/internal-audit-foundation/ Internal Audit Foundation]
- [http://www.iia.org.uk/ The Chartered Institute of Internal Auditors]
- [http://www.nysica.com New York State Internal Control Association]
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Category:Professional accounting bodies
Category:Auditing in the United States