Common Body of Knowledge (CBOK) 2006

It has been just over a year since The Foundation established The William G. Bishop III, CIA, Memorial Fund in recognition of The IIA's former President, who passed unexpectedly in March 2004. Bill spent his professional life raising the level of proficiency and instilling in practitioners an understanding of the importance of the profession. He was an ardent supporter of internal audit research.

Contributions to The William G. Bishop III, CIA, Memorial Fund support research to identify the global Common Body of Knowledge (CBOK) 2006. These studies will set new standards for the profession Bill championed. As the internal auditor's role in achieving effective organizational governance becomes more fully developed, it is essential that best practices be codified and applied and that professional auditors update their skills and knowledge accordingly. The purpose of the CBOK is to develop a summary of the global practice of internal auditing as practiced around the world and provide insights on the practice of internal auditing, how it has changed, and where it is going.

The structure of the research efforts would produce a series of modular studies that will develop a living library of the continuing evolution of the practice of internal auditing. These results, added to the current information available, will provide an encyclopedic framework of research results available to research providers and The IIA entities responsible for providing guidance to practitioners.