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PUBLISHED BY THE INSTITUE OF INTERNAL AUDITORS
September 2013
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Advocacy Efforts Continue to Enhance Profession

The International Federation of Accountants (IFAC) and The IIA have finalized a strategic agreement to help restore confidence in business reporting and enhanced governance processes in both private and public sectors.

This updated Memorandum of Understanding (MoU), signed by IFAC President Warren Allen and IIA Chairman Phil Tarling at the recent International Conference held in Orlando (see photo), outlines a new plan for enhanced coordination, collaboration, and resources sharing that will draw on the strengths and expertise of the two organizations. Immediately following the Conference, the Global and North American Advocacy Committees met to discuss current initiatives and formalize action plans for the upcoming year. 

Warren Allen & Phil TarlingThe Global Advocacy Committee’s priorities include furthering relationships with IFAC, Global Reporting Initiative (GRI), the Organization for Economic Cooperation and Development (OECD), and the International Corporate Governance Network (IGCN); seeking recognition of the Standards in the Financial Stability Board (FSB) Compendium of Key Standards; participating on the CBOK 2015 Stakeholder Steering Committee; and creating a global Advocacy Guidebook. If you have questions about our Global Advocacy efforts, please contact Stacy Mantzaris at stacy.mantzaris@theiia.org.

The North American Advocacy Committee (NAAC) will continue its efforts in Washington meeting with members of the House and Senate as well as regulatory bodies including the Security and Exchange (SEC), the Public Company Accounting Oversight Board (PCAOB), and the Office of the Comptroller of the Currency (OCC). Additionally, your Chapter Relations Committee (CRC) works to ensure you as chapter leaders have the best resources available to promote Internal Auditing as an incredible and worthwhile profession.

Advocacy efforts are also expanding to IIA chapters in North America with many chapters appointing advocacy committees to work in conjunction with the NAAC to increase awareness of the profession. If you have any questions about our IA Advocacy efforts or to share what your chapter is working on in this area, please contact Kathy Anderson at kathy.anderson@theiia.org.