I

nternal auditors provide assurance and advice to help management,

the board, and other stakeholders (e.g., investors) understand where the
organizations risks are and whether those risks are under control.
WHY IS INTERNAL AUDIT IMPORTANT?
Because internal audit reports directly to the board of directors, it is uniquely
positioned to provide independent assurance on whether:
1.
Internal controls are in place and are adequate
to mitigate risks.
2.
Governance and risk management processes
are efcient and effective.
3.
Organizational goals and strategic objectives
are being met.
WHAT DO INTERNAL AUDITORS DO?
Internal auditors perform activities such as:
Assess the adequacy of risk management.
Provide independent assurance to senior management and the board.
Evaluate overall compliance with laws and regulations.
Promote an ethical culture.
IIA members agree to abide by the professions accepted Code of Ethics
and conform with global standards promulgated by The Institute of
Internal Auditors.
Competitors Natural
Disasters Fraud
Inefciencies Lawsuits
Missed Opportunities
Compliance Policy
Violations Investor
Condence Poor
Decisions Security
Stafng Issues Stock
Devaluation
Reputation Damage
Waste Inaccuracies
Theft
RISKS ARE
EVERYWHERE
IIA Global Headquarters
247 Maitland Avenue
Altamonte Springs, Florida 32701 USA
T +1-407-937-1111
F +1-407-937-1101
E advocacy@theiia.org
Internal Auditing: The Basics
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The Institute of Internal Auditors
A GLOBAL MEMBER ASSOCIATION FOR THE INTERNAL AUDIT PROFESSION
The Institute of Internal Auditors Inc. (IIA)
is a global professional association for
internal auditors. Established
in 1941, The IIA serves as
the internal audit professions:
International standard-setter.
Sole provider of global certications.
Principal researcher and educator.
Chief advocate.
The IIA sets the standard for the way internal auditing
is practiced around the world.
The IIA works with the following group to promote sound
corporate governance and ethical practices, and to increase
awareness about the value of internal auditing and The IIAs
International Standards for the Professional Practice of
Internal Auditing.
International Federation for Accountants (IFAC)
International Organization of Supreme Institutions (INTOSAI)
Basel Committee on Banking Supervision (BCBS)
Organisation for Economic Co-operation and Development (OECD)
International Integrated Reporting Council (IIRC)
International Consortium on Government Financial Management (ICGFM)
ISACA
Financial Executives International (FEI)
Association of Certied Fraud Examiners
Regulators and Listing Organizations Throughout the World
Supreme Auditor General Ofces

For more information about The IIA and how internal auditing can help
improve an organizations governance, ethics, transparency, and
regulatory compliance, visit www.globaliia.org.
IIA BY THE NUMBERS*
109
INSTITUTES
190
COUNTRIES
601
FULL AND PART-TIME STAFF
130,000
CERTIFICATIONS ISSUED
GLOBALLY
$100.7 million
GLOBAL REVENUE IN 2012
* Consolidated estimation
as of January 2013
42,357
17,065 32,822
3,851
72,769
11,569
180,000 MEMBERS WORLDWIDE*
IIA Global Headquarters
247 Maitland Avenue
Altamonte Springs, Florida 32701 USA
T +1-407-937-1111
F +1-407-937-1101
E advocacy@theiia.org