IIA Global Update. Director, IIA Global Board Chair, IIA Global Audit Committee

Transcription

1 IIA Global Update Cathy Blunt Director, IIA Global Board Chair, IIA Global Audit Committee Steve Coates Member, IIA Professional Issues Committee Director IIA Australia Board

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3 Agenda Introduction to the Board & Committees IIA Global Strategic Planning IIA Research Foundation Activities Common Body of Knowledge New & Planned Guidance IPPF Update New Products Global Headquarters Activities

4 The Global Board

5 Current Board Executive Larry Harrington, CIA, QIAL, CRMA Chairman of the Board Angela Witzany, CIA, QIAL, CRMA Senior Vice Chairman of the Board J. Michael Peppers, CIA, QIAL, CRMA Vice Chairman Global Services Harold Silverman Vice Chairman Professional Certifications Naohiro Mouri, CIA Vice Chairman Professional Guidance Renato Trizciuzzi Secretary USA Austria USA USA Japan Brazil Frank M. O Brien, CIA, QIAL Vice Chairman Research Sarah Blackburn Vice Chairman Finance USA United Kingdom

6 Incoming Board Executive Angela Witzany, CIA, QIAL, CRMA Chairman of the Board J. Michael Peppers, CIA, QIAL, CRMA Senior Vice Chairman of the Board Charlotta Löfstrand Hjelm, CIA, QIAL Vice Chairman Professional Certifications Charles T. Wright, CIA Vice Chairman Professional Guidance Naohiro Mouri, CIA Vice Chairman Professional Practices Karem Toufic Obeid, CIA, CCSA, CRMA Vice Chairman Global Services Frank M. O Brien, CIA, QIAL Vice Chairman Research J. Michael Joyce, Jr., CIA, CRMA Vice Chairman Finance Austria USA Sweden USA Japan UAE USA USA

7 Board and Committee Structure Board of Directors Chair Executive Committee Audit Committee Global Executive Leadership Team North American Board Senior Vice Chair Vice Chair Professional Certifications Vice Chair Professional Guidance Vice Chair Finance Vice Chair Global Services Vice Chair Research Academic Relations Global Advocacy Global Ethics IAAAF Professional Certifications Exam Development IPPF Oversight Council Standards Board Professional Practices Public Sector Professional Guidance Global Finance Investment Institute Relations International Conference IIA Research Foundation Trustees Research & Education Advisors Guidance Development Public Sector IT Financial Services

8 IIA Global Strategic Plan

9 Core Purpose & Values Purpose To Lead the Global Profession and Advance Its Value. Values Collaboration Courage Unity in Diversity Global Mindset Innovation Integrity Service Excellence Respect Professionalism

10 Vision Internal audit professionals will be universally Recognized as indispensable to effective governance, risk management, and control.

11 2020 Strategic Goals Professionalism Advocacy Leading Voice Capacity Sustainable Value The IIA will lead the profession through the development of timely and relevant research, global guidance, and career path guidelines. The IIA will raise the profile of and demand for the profession to ensure it is recognized as an indispensable resource by key stakeholders. The IIA will be recognized as the leading voice for internal auditing. The IIA will collaborate globally to enhance the capacity of the profession. The IIA will deploy both financial and business models that generate sustainable value for members.

12 Key Risks People - Retention of key staff, turnover, talent management Merger with Auditing Roundtable Information Security and IT Projects Enterprise Content Strategy US Interest Rates International Chapter Program

13 Key Risks Global Certifications Regional Confederations Geopolitical Instability Internal Audit Subject Matter Expertise New Products -Global and NAB Learning Solutions Centres of Excellence Events

14 The IIA Research Foundation

15 Research Reports & Education Products

16 Research Reports & Education Products

17 Scholarships Internal Auditor Scholarships Announced. Internal Auditor magazine recently announced the availability of six scholarships of US$1,000 each to undergraduate and graduate students who write the most informative and intuitive essay on specific internal audit subjects. Judging will be by members of the Publications Advisory Committee, Academic Relations Committee, and Committee of Research and Education Advisers. For more information on the scholarship program, go to

18 2016 Pipeline The Global Internal Audit Common Body of Knowledge (CBOK) Study Intellectual Property: Auditing the Process, 2nd Edition Cybersecurity Response Plan Lessons Learned on the Audit Trail (Spanish Language Version) Legal Services: Auditing the Process, 2nd Edition Internal Auditing The Many Roles of the Chief Audit Executive (CAE)

19 2016 Pipeline The Role of Internal Audit in Integrated Thinking Essentials in Internal Auditing The Institute of Internal Auditors: 75 Years of Progress Through Sharing Data Analytics: A Framework for Internal Auditing COSO 2013 in Action: Implementation Examples and Guidelines

20 CBOK Practitioner Deliverable Timeline IIA International Conference GRC Conference South Africa Conference IIA Financial Services Exchange All Star Conference ECIIA Conference Southern Regional Conference ACIIA Conference IIA Midyear Meetings July 2015 Aug Sept Imperatives for Innovation Auditing Technology Risks Use of Technology for Internal Audit Processes Financial Services Outlook Global Trends for Internal Audit Staff and Budgets Oct Nov Dec Who Owns Risk? Internal Audit s Changing Role Combined Assurance and the Three Lines of Defense Fraud Risk: Detection and Prevention Measuring Internal Audit Value and Performance Public Sector Outlook Core Competency Levels Around the World Interacting with Audit Committees

21 CBOK Practitioner Deliverable Timeline GAM Conference SoPac Conference Gaming Conference IIA International Conference Jan Feb March 2016 The Skills Most Desired by IA Managers for Their Staffs Use of Third Parties by Internal Audit CAE Career Path Women in IA: Representation and Trends Maturity Levels for IA Depts. Around the World Evaluation and Incentive Programs for a Changing IA Market Apr May 2016 June 2016 Certifications Held by Internal Auditors Ethical Pressures Faced by Internal Auditors IIA Standards: Conformance and Trends Quality Assurance and Improvement Program Trends Integrated Reporting Organizational Governance: Internal Audit's Role

22 CBOK Resource Exchange

23 CBOK Resource Exchange

24 CBOK Resource Exchange

25 New & Planned Guidance

26 New Guidance & Advisories Implementation Guidance - Standard 1000 Purpose, Authority, and Responsibility Standard 2110 Governance Practice Guides - Internal Audit and the Second Line of Defense Talent Management

27 Planned/Updated Guidance Topics Global Technology Advisory Guidance (GTAG) Practice Guides (PG) GTAG 20 Smart Devices PG Consulting Services Provided by IA Function PG Auditing of Control Environment PG Value of Internal Audit PG Social Media PG Assurance Maps GTAG 22 Big Data PG Audit Reports: Communicating Results GTAG 21 Cyber Security PG Fraud Risk Assessment on the Audit Engagement Level PG Knowledge Management for IA Departments PG Creating Awareness of IA Among Board & Senior Management PG Auditing Soft Controls GTAG 18 Cloud Services

28 IPPF Update

29 Where are we up to with the IPPF Refresh? Revisions to IPPF approved by Board in July 2015 Professional Issues Committee Projects Rearrange website to reflect changes Review and Revise Standards Exposure Paper for Changes to Standards Update Implementation Guidance

30 IPPF Exposure Paper Purpose Framework for performance Basis for evaluation of performance Foster improved organisational processes Set of principals based, mandatory requirements Elements of the Standards Basic requirements Interpretations Code of Ethics

31 IPPF Exposure Paper Proposed Standard Changes 1000, 1010 Charter to reference Core Principals 1110.A1 Interference to be disclosed 1112 Safeguards where CAE has roles beyond IA 1130.A3 Assurance services over previous consulting services 1210 Proficiency definition

32 IPPF Exposure Paper Proposed Standard Changes 1300, 1311 Removed reference to IA Definition 1312 Changes to interpretation for External Assessments 1320 Minimum reporting requirements for QAIP 1321, 2430 Use of Conforms with in audit reports

33 IPPF Exposure Paper Proposed Standard Changes 1322 Removed reference to IA Definition 2000 IA to consider trends and emerging issues impacting effectiveness of IA 2010 IA planning to first consider risk management FW 2050 Coordination & Reliance interpretation 2060 Reporting to management & board

34 IPPF Exposure Paper Proposed Standard Changes 2070 Removed reference to IA Definition 2100 Proactive, New Insights and Future Impacts to add value and credibility 2110 IA to assess decision making and risk management and control 2200, 2201 IA to consider strategies, objectives and risks in engagement planning 2210.A3 Evaluation criteria to be identified

35 IPPF Exposure Paper Proposed Standard Changes 2230 Interpretation on appropriate resources 2330 Evidence to be sufficient, reliable, relevant and useful 2410, 2410.A1 Communication of audit objective, scope and results 2431 Removed reference to IA Definition 2450 Overall opinions must take into account strategies, objectives and risks

36 IPPF Exposure Paper Proposed Standard Changes Definitions changed for: Board CAE IPPF Definition added for: Core Principals Standards-Exposure-Markup-English.pdf

37 Core Principals Demonstrates integrity. Demonstrates competence and due professional care. Is objective and free from undue influence (independent). Aligns with the strategies, objectives, and risks of the organization. Is appropriately positioned and adequately resourced. Demonstrates quality and continuous improvement. Communicates effectively. Provides risk-based assurance. Is insightful, proactive, and future-focused Promotes organizational improvement.

38 New Products

39 New Products Resource Exchanges CBOK Resource Exchange COSO Resource Exchange Risk Resource Exchange

40 New Products - Newsletters

41 New Products - Certifications Management System - Environmental, health & safety (EHS) science and technology Environmental Compliance - Assessing compliance with environmental laws

42 New Products - Certifications Health & Safety - Assessing compliance with safety-related laws Responsible Care - Implementation of Responsible Care programs Process Safety Auditor - Assessing compliance with process safety-related laws

43 Global Headquarters Update

44 IIA Global Headquarters Achievements for 2015 International Chapter Program Global Insights CBOK 2015 Global Thought Leadership Series IIA Global SmartBrief Self-directed Learning Platform for Institutes Part 1 CIA Reciprocity, ACCA Challenge Exam IPPF Relook Implementation Explore Potential Global Application for Career Map Team Builder Industry Centres Program Audit Roundtable/BEAC Merger Team Builder

45 IIA Global Headquarters Priorities for 2016

46 IIA Global Headquarters Priorities for 2016 Global Advocacy Program Refresh IPPF Implementation International Chapter Program CGAP & CFSA Update Relationships INTOSAI and World Bank Auditing Roundtable/BEAC Merger

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