ISACA and The IIA Sign MOU

In September, we announced the results of a meeting held at the ISACA International Headquarters office between the senior management staff of ISACA and The IIA. It was a valuable opportunity for the two organizations to reflect on the challenges and opportunities we face in serving our similar constituencies. We did more than just talk, however; we laid the groundwork for a formal memorandum of understanding (MOU) between us, which has now been signed and is in effect.

The MOU creates a basis for cooperation and collaboration between ISACA and The IIA for the advancement of the global internal auditing profession through the mutual sharing of knowledge, experience and best practice, thus allowing the associations to benefit from each other’s respective work and involvement. The list of potential activities that could take place to bring that purpose to fruition is nearly endless; some of possibilities identified in the MOU include:

  • Speaking and exhibiting at each other’s conferences, seminars and events
  • Conducting jointly sponsored events
  • Mutually recognizing, where appropriate, each other’s continuing education programs for continuing education credits to satisfy requisite certification requirements
  • Participating in training and educational programs offered by either association where such collaboration benefits the attendees
  • Encouraging similar cooperation and collaboration among local chapters of ISACA and The IIA (an activity that already thrives in many places throughout the world)
  • Identifying opportunities for joint projects that advance the global internal audit profession and the professional standing of its members
  • Engaging in periodic discussions on matters of public policy that impact the internal auditing profession
  • Where appropriate, coordinating and promoting unified messages and responses to standards setters, regulators, and legislators globally, and providing them with information regarding best professional practices

Clearly, this is not an exhaustive list, but it does illustrate the great potential before us. We look forward to investigating the many ways our joint activity can benefit our members and other constituents, and we are gratified at the spirit of cooperation and collaboration exemplified by this signed MOU.

Richard Chambers, CIA, CGAP, CCSA
President and CEO
The Institute of Internal Auditors
Susan M. Caldwell
CEO
ISACA

 

 

 

Posted on Oct 29, 2010 by Richard Chambers

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  1. Outstanding!  best regards, Don

  1. As you noted, many local chapters of IIA and  ISACA have been collaborating for years.  I'm thrilled that the continuing education aspects of the two organizations will start being more aligned.  But an even bigger step would be to align the standards, practices and codes of ethics. 

    They are similar now, but not identical -- but it's all just audit, and differences only serve to distract us from that key task.  The bottom line is this -- if I am an internal auditor conducting an IT audit, which standards and practices should I follow?

  1. Great Job!  This MOU will provide the kind of IT auditing leadership that is greatly needed in a world of both increased opportunity and  increased threat. Thank you!

    Sincerely,

    Dave Heinrich, CIA, CISA, CPA

  1. Understanding memo

  1. This is a very progressive achievement. I am sure countries that do not have ISACA chapters, like Malawi, IIA will take up the professionals into their grouping. congrats.

  1. Richard and Susan - this is truly an historic agreement.  As a member of both ISACA and IIA, I have looked forward to this time where senior leadership of the two organizations come together to address common issues and leverage each other's strengths.  Internal auditors have been confused as to how we determine where one set of professional standards starts and ends versus the other set. How can we, for example, realistically separate a business function into the automated portion versus the non-automated portion when trying to seamlessly evaluate controls within a single process from end-to-end?  The truth is ... we are one profession with common goals we should nourish together.  Thanks again.

     

     

  1. Normally it is witnessed that the mergers or indebtedness of the company take place due to the corporate inadhereness. Internal Audit should have the focus on corporate structure or corporate liability of the company. There are qualifications of the external auditors which should be reviewed as cases to study, and what could have the ways,  the internal audit could have restricted such points which were observed as qualifying notes in the external auditors report.

  1. Congratulations to the two leaders of the IIA and ISACA for this giant stride of signing into effect the MOU document. This is no small achievement for the two professional bodies especially when one considers the benefits that can be derived from the  working document by the organisations and their members globally. Thanks for the great vision and foresight.

  1. Risk needs to be identified and managed with holistic approach to add value, give desired comfort to various stakeholders and bring prosperity to companies, nations and world at large. This MOU should be directed towoard this end.

    While IIA has strong foundation in the evolution of audit culture, ISACA adds niche while absorbing the audit culture.

    ISACA has incredible CPE program of E-Symposia & Webcast (free of cost), which bring state of the art technology to members, and motivates members to stay abreast while earning CPE. It should be valuable to IIA.

    The hoirzon woth MOU though widen should be directed towards a research so that early warnings scenerios and objective standards should be developed to give timely guidance to government, companies and world at large; a new direction of progressive and proactive culture in audit alongwith post-morted.   

     

  1. Richard,

    Terrific....heading in the right direction to  eliminate standards  overlap/confusion.

    Good Job!!

    Gary Jordan

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