| The Institute of Internal Auditors
South Africa (IIA SA) are leaders in driving global standards of professionalism
and ethics and our reputation of integrity and accountability provides a
firm foundation for the positive standing of our members. We provide a broad
range of services specifically tailored for Internal Auditors.
Being a member of the Institute means
being part of a community of like-minded professionals, who collectively
form the face of the profession. It provides you with the opportunity
to contribute to building the profession and shaping its future, while
ensuring that it is safeguarded against becoming irrelevant and ignored.
It also provides the internal auditor with the opportunity of being recognised
by the market as a professional as well as with access to services that
are aimed at assisting the internal auditor in realising his/her full
potential in service of the greater good.
Why do Professional
Bodies exist?
Professional bodies have as their mandate
to further a particular profession and in particular the interest of the
individuals engaged in that profession while also serving the public interest.
Thus its key activities would include:
- To provide members with a set of Professional
Standards either through local development or custodianship of international
standards;
- To provide Career Path Standards, clearly
outlining the learning pathway for individuals entering the profession;
- To ensure that members are being held
accountable against a Code of Ethics in accordance with a disciplinary
code, policy and procedures;
- To provide certifications and related
examinations;
- To set Continuing Professional Development
requirements and monitor adherence thereto;
- To provide training opportunities for
members;
- To provide members with technical support
and guidance;
- To conduct research and proactively
contribute to the body of knowledge within the profession;
- To enhance the standing of the profession
in the eyes of the public;
- To be the voice of the profession in
the market;
- To protect the interest of the profession;
- To positioning the profession through
stakeholder management programs;
- To provide networking opportunities
for its members; and
- To publish a professional journal or
magazine
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Recognition
as a professional
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As a member of the IIA SA, an internal
auditor achieves instant recognition as a professional, dedicated to maintaining
high standards and a code of ethics that earns respect, trust and a reputation
of competence.
Members are essentially 'branded' as
being technically proficient and morally sound, and share in the image
of a professional body of tens of thousands of competent practitioners
worldwide - a reputation that has evolved and grown over many decades.
In this regard the IIA SA provides very
clear career path standards for internal auditors and has worked tirelessly
toward the professionalization of internal audit. This includes lobbying
key stakeholders in recognising internal audit as an indispensable profession.
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| Certification
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The IIA SA has taken a very strong position
on the definition of the term "professional”. In order to be considered
a professional internal auditor, four elements must be in place. Firstly,
a relevant academic qualification is required. Secondly, the individual
must go through a structured on-the-job training program (in other words,
serve articles). The third element is a test of competence and lastly,
but not the least, the individual must be a member of his/her professional
body and thus be held accountable against a code of ethics while being
required to adhere to continuing professional development requirements.
In this regard the IIA SA has created
two successive on-the-job training programs for internal auditors in the
form of the Internal Audit Technician and the General Internal Auditor.
Both have an assessment process at the end and designations are conferred
on the successful candidates. The ultimate test of competence in this
profession is the Certified Internal Auditor, which is an international
program. Internal auditors by virtue of being members of the IIA SA have
the right to access this program provided that they meet the minimum entry
requirements. Once the CIA designation is conferred, it is a message to
the market that the individual has passed international attestation of
his/her competence.
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| Training
and Development |
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The IIA SA offers a host of training opportunities
each year which include courses, workshops, webinars and seminars. These
programs are created under the auspices of the Institute's Continuing
Professional Development Committee which comprises of senior practitioners
who guide the Institute on the training needs of internal auditors.
In addition, the IIA SA has entered into
partnerships with training providers such as Gibs and FranklynCovey to
enhance its pool of training offerings. We specialise in internal audit
training and our partners bring the broader business acumen courses to
the table. This allows us to provide internal auditors with a wide variety
of training programs.
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| Technical
support |
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As professionals, internal auditors need
to demonstrate best practice in their field. To deliver a value-added
service, they need leading-edge information to implement the Standards,
comply with laws and regulations, contribute to maintaining an ethical
organisational culture, and to assist and advise management and the board.
And they have to continuously improve and develop these skills.
As a member of the IIA SA, you automatically
have access to the IIA Global website which is rich with information and
resources for internal auditors. Locally, the IIA SA harnesses the power
of thought-leaders and best internal audit practice and provides quick
and appropriate guidance and direction directly to the member. We make
it easy for you.
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| Professional
Standards |
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The International Standards for the Professional
Practice of Internal Auditing (The Standards) are the technical ground
rules to which all internal auditors worldwide are required to adhere.
Centrally developed and maintained by The IIA, they are available free
of charge on www.theiia.org The Practice Advisories, at no cost to members,
provide guidance on how to apply the principles contained in the Standards.
The Standards are basic principles that
represent the practice of internal auditing as it should be. They provide
a framework for performing and promoting a broad range of value-added
internal audit activities, form the basis for the evaluation of internal
audit performance, and foster improved organisational processes and operations.
The Practice Advisories include key components
of a charter and an annual plan of activities, ways of conducting an engagement
and communicating results, and criteria for evaluating the performance
of the services.
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Professional
advice and guidance
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Internal auditors continually encounter
situations where advice or guidance can assist to achieve success, and
save time. The IIA SA technical department works with a specialist technical
committee to research and disseminate relevant information to members
on what they need to perform effectively. Help is just a phone call away.
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Technical
products
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The international Research Foundation
conducts innovative, fundamental research to expand the body of knowledge
of the internal auditing profession. Members can purchase these publications
at preferential rates or they can access the information through the IIA
SA library.
The IA Adviser is the IIA SA's national
journal for members. A source of news about the profession, it includes
updates on the achievements of internal audit departments, which can assist
others to attain work and career objectives efficiently and effectively.
In addition to technical articles the IA Adviser is a platform for members
to express their views and share expertise on a variety of topics. Members
of the Institute receive bi-monthly copies of the journal free of charge.
The Internal Auditor is the world's leading
technical publication on the discipline of internal auditing. Published
in the USA, members can acquire this outstanding magazine directly from
the IIA SA at highly preferential rates.
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| Quality
Assessment service |
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The Standards require that internal audit
functions be formally assessed by a qualified assessor every five years
(mandatory as from 1 January 2007). The IIA SA arranges for these quality
assessments to be conducted by a professional team leader, with the members
of the team comprising competent volunteer internal audit practitioners.
The entity being assessed selects the team they consider best suited to
their needs from a database of volunteers that is maintained by the IIA
SA.
This service saves costs, ensures best
practice and adherence to the Standards, and also builds credibility of
internal audit functions and their organisations. Participating as a team
member in a Quality Assessment review is an exceptional learning experience
for these volunteers and enables them to implement the knowledge they
have gained in their own environment.
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| International
benchmarking |
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The Global Auditing Information Network
(GAIN) program is a simple yet sophisticated medium for benchmarking internal
audit functions against international peers. Comparative practices, staffing,
remuneration and many other aspects can be compared, with a view to learning
how other internal audit functions operate, gleaning best practices etc.
The GAIN results (in the form of a comprehensive report) can be effectively
used to reassure senior management and the audit committee of the alignment
of their internal audit responsibilities to global operations.
In addition, GAIN provides access to
a worldwide professional network of internal audit executives. With GAIN,
one can tap into a vast wealth of resources - audit leaders who have successfully
conquered many of the challenges your organisation may currently be confronting.
The information and the contacts with which GAIN puts you in touch can
be of real value - a network directory provides contact names, phone numbers,
and e-mail addresses of other GAIN clients who have expressed an interest
in networking on audit issues.
The GAIN facility also often hosts short
process-type surveys. GAIN clients submit an idea and/or questions; GAIN
then accumulates online responses worldwide and makes the results available
quickly at no cost to members.
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| The
IIA SA influences on behalf of the individual
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The IIA SA acts as a lobby group on behalf
of members, commenting on various issues that may affect the profession
e.g. the King Report on Corporate Governance and government draft legislation.
Belonging to a professional body thus ensures that an individual's views
are communicated in a forum where they will be heard.
It also establishes relationships with
other professional bodies such as the Institutes of Directors and Risk
Management, giving members access to business opportunities, networks,
learning and channels, all of which encourages the evolution of the profession,
and simultaneously creates an awareness, appreciation and understanding
of the discipline and profession of internal auditing.
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Creating
a spirit of community
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Internal audit, by virtue of its nature,
can make for a rather lonely place. It is with this in mind, as well as
the need for internal auditors to learn from each other, that the IIA
SA provides networking opportunities for its members. In recent times
we have extended this initiative to include social media platforms which
include Facebook and LinkedIn. We have therefore created ample opportunities
for our members to interact with each other, with the aim of enhancing
their professional knowledge.
Being a member of the Institute means
being part of a community of like-minded professionals, who collectively
form the face of the profession. It provides you with the opportunity
to contribute to building the profession and shaping its future, while
ensuring that it is safeguarded against becoming irrelevant and ignored.
It also provides the internal auditor with the opportunity of being recognised
by the market as a professional as well as with access to services that
are aimed at assisting the internal auditor in realising his/her full
potential in service of the greater good.
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