March 2003

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RF's Executive Director Announces Retirement

Basil Pflumm, CIA, The IIA's  vice president of the Global Practices Center, and The Foundation's executive director, will retire in July. He has been a key member of The IIA staff since 1989. Looking back, Pflumm believes that the Competency Framework for Internal Auditing was one of The Foundation's most influential projects during his tenure, since it not only provided the first global assessment of internal auditing but also fueled The IIA's new definition of internal auditing and the creation of the Professional Practices Framework.

"I have always been impressed by The Foundation's constant readiness to perform research for The IIA and the profession and its outreach to the internal auditors of tomorrow," Pflumm explained.

"From the issuance of the Systems Auditability and Control (SAC) report, to its US $250,000 donation to increase Endorsed Internal Auditing Programs worldwide, The Foundation always manages to serve the profession at the most appropriate points in time. A prime example of this is its current initiative on governance and risk management, including the 34-page assessment guide, which compares and contrasts key requirements of Sarbanes-Oxley, the SEC, and U.S. stock listing exchanges. This document has already been downloaded more than 50,000 times," he added.

Pflumm vows to continue to support The Foundation and adds that he "will miss the volunteers and IIA headquarters' staff who make The Foundation's dreams become reality."