Chartered Institute of Internal Auditors
The Chartered Institute of Internal Auditors was founded in 1948 and attained its Royal Charter in 2010. It represents internal auditors in the United Kingdom and Ireland and is affiliated to the Global Institute of Internal Auditors, based in the USA. It is also a member of the European Confederation of Institutes of Internal Auditors (ECIIA). It is the only professional membership body in the UK dedicated to Internal Audit.
Abbreviation | Chartered IIA |
---|---|
Formation | 1948 | (chartered in 2010 )
Legal status | Not-for-profit organisation |
Purpose | Internal audit and governance in the United Kingdom and Ireland |
Location | |
Region served | United Kingdom and Ireland |
Membership | 10,000 |
Chief Executive | John Wood (interim) |
Main organ | IIA Council |
Affiliations | Institute of Internal Auditors |
Website | iia |
Qualifications
The Chartered Institute of Internal Auditors is responsible for awarding Chartered Internal Auditor status. All members of the Institute of Internal Auditors worldwide, including members of the Chartered Institute of Internal Auditors in the UK and Ireland, follow common standards of practice, known as the International Professional Practices Framework (IPPF) and are bound by a code of ethics.
To become Chartered, internal auditors need to successfully complete the Certified Internal Auditor (CIA) qualification.
Once the CIA has been attained, Chartered status can be achieved by taking three case study exams and completing a professional experience journal.
Once chartered status has been achieved, members can use the designation CMIIA.
Membership of the Chartered IIA and use of the CMIIA designation requires members to maintain their skills and knowledge through continuing professional education.
Experienced internal auditors may be eligible to become Chartered without taking exams, via the chartered by experience route.
The Chartered IIA is currently supporting the development of an apprenticeship in internal audit to encourage more people to enter the profession.
References
External links
- iia
.org , the institute's official website.uk