Audit & Risk

Stronger united

Institute membership is about much more than access to resources, it gives internal audit a unified voice and upholds a code of ethics, writes Ian Peters, CEO of the Chartered IIA.

in CEO Blog.

At the institute one of our busiest teams is the membership team. They field calls and emails on a daily basis from members on a range of subjects. They are also asked about the benefits of membership by prospective members, who want to know what’s in it for them. But I like to think that it’s much more than just access to resources and cheaper deals on events. It’s about being part of a community, with the institute as its focal point, that can influence the way organisations are run and how our profession is perceived in a way that just wouldn’t be possible individually.

This is a core benefit of being a member of the Chartered Institute of Internal Auditors. The larger our membership can grow, the more we can do to promote and develop the profession. Unlike the accountancy profession, we are the only body in the UK that solely represents internal auditors. So when we speak, we can do so with the authority and experience of over 9,000 practitioners in the UK and Ireland behind us. 

Our work on the FRC’s culture coalition is just one example of this. Over two hundred of you completed our questionnaire on auditing culture. That gives us a strong foundation on which to base our contribution to the coalition. We are leading the “assurance and embedding” workstream of what could be a landmark project on organisational culture in the UK. The voice of the profession would not be heard without the support of our members.

Promoting the role of the profession is only half of our mission. We also work hard to develop the profession. For our members, it is invaluable to know that they are part of a body that promotes consistent professional standards and upholds a code of ethics with a fair disciplinary procedure. These have evolved in response to a changing business environment where internal audit’s role is being transformed and its scope broadened as recognition of its role increases. Through all of these things, we are helping to shape expectations of the profession and support members individually and collectively to meet them.

Member interaction is essential to our continued success and we need to build on the views, experience and networks of our members and the wider profession. Our new sector strategy demonstrates this in action. Currently active for the financial services sector, our sector strategy involves new and updated guidance on topical issues, sector-specific events and increased representation and member input via our policy and influence work. This strategy is coordinated through a new panel of members in the sector, who provide the institute with vital feedback, opinions and insight which underpin our programme. This is where you can really add value. We aim to roll out this new strategy to more sectors in the coming months.

Achieving our two strategic goals of promoting and developing the profession will help to increase demand for highly skilled internal auditors who are able to adapt to a changing world. It also allows us to improve the quantity and quality of practitioners who are institute members. We hope that this is a virtuous, continuous cycle, as we both raise expectations and meet them. But these goals can only be realised with your support.

For more information about how the institute spends your membership fees, visit www.iia.org.uk/renew.

The IIA: find out more

Visit the main IIA site

Jobs

Auditor

Post Number: FSA02
Grade: 7- SO2 Salary: £23,166 - £29,854
Hours: 37 per week

Audit Manager

£38,789 - £42,474 pa
37 hpw, permanent.

Senior Internal Auditor

Sector: Not For Profit
Salary: £41,000 (raising to £46,000 after probation)
Location: London
Job Ref: SD/148943

Careers advice

Destination designation

The Chartered IIA is keen to work with organisations that want to ensure all their internal auditors have the right skills to succeed in today’s industry. One of these is Citigroup, which recently launched a training scheme accredited by the institute and put 20 senior internal auditors through the Chartered by Experience route to achieve CMIIA. So what does this look like in practice?
Words: Ruth Prickett

Gold standard – the value of recognition

Being chartered demonstrates your skills and competence and gives you influence within both your organisation and the wider profession. All dedicated internal auditors should aspire to it, writes Ian Peters, chief executive of the IIA.

Chartered by Experience

There is a new route to becoming a chartered internal auditor: Chartered by Experience.

Training & Development

CPE: Solid foundations

Continuing professional education is an important tool for developing your skills, progressing through your career and ensuring that the qualification and the profession are respected. The Chartered IIA’s CPE requirements will be changing in April to bring them into line with those of IIA Global. So what do you need to know to stay ahead?
Words: Ruth Prickett

Destination designation

The Chartered IIA is keen to work with organisations that want to ensure all their internal auditors have the right skills to succeed in today’s industry. One of these is Citigroup, which recently launched a training scheme accredited by the institute and put 20 senior internal auditors through the Chartered by Experience route to achieve CMIIA. So what does this look like in practice?
Words: Ruth Prickett

Gold standard – the value of recognition

Being chartered demonstrates your skills and competence and gives you influence within both your organisation and the wider profession. All dedicated internal auditors should aspire to it, writes Ian Peters, chief executive of the IIA.

Tools

You asked us

Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve recently asked.

Early warning systems

New regulatory demands for whistleblowing – or “speak up” – policies are raising the bar on best practice. Internal auditors need to take note.
Words: Alexander Glebovskiy

CPE: Solid foundations

Continuing professional education is an important tool for developing your skills, progressing through your career and ensuring that the qualification and the profession are respected. The Chartered IIA’s CPE requirements will be changing in April to bring them into line with those of IIA Global. So what do you need to know to stay ahead?
Words: Ruth Prickett