presentation to the intosai psc may 2014 phil tarling, cia, crma, cmiia
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Developing The International Standards for the Professional Practice of Internal Auditing. Presentation to the INTOSAI PSC May 2014 Phil Tarling, CIA, CRMA, CMIIA Past Chairman of the IIA Board. Agenda. Development Due Process Standard-Setting Process Operating Procedures - PowerPoint PPT PresentationTRANSCRIPT
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Presentation to the INTOSAI PSCMay 2014
Phil Tarling, CIA, CRMA, CMIIAPast Chairman of the IIA Board
Developing The International Standards for the Professional
Practice of Internal Auditing
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Agenda
Development- Due Process- Standard-Setting Process- Operating Procedures- Administrative Support
Ensuring External Stakeholder Perspective
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IIA STANDARDS DEVELOPMENT
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Due ProcessBOARD OF DIRECTORS
Chairman, member volunteer
EXECUTIVE COMMITTEEVC-Professional Guidance, member volunteer
Professional Guidance Advisory Council (PGAC)
VC – Professional Guidance (see above), ChairVP – Professional Guidance, staff liaison
IIASBChair, member volunteer
Director Standards & Guidance, staff liaison
IPPF OVERSIGHT COUNCIL (IPPF OC)Chair, member volunteer
VP Professional Practices, staff liaison
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International Internal Audit Standards Board - IIASB
Develops, issues, maintains, and promotes the Standards
14 members representing IA profession and its stakeholders
Cross-section of geographic areas & industries
Broad experienceSenior-level
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Standard-Setting ProcessDeveloped and updated by IIASB90-day exposure period distributed to
members, stakeholders, and other professionals
Incorporates review of Global Ethics Committee to ensure compliance with IIA’s Code of Ethics
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Standard-Setting ProcessFinal approvals
– IIASB and IPPF Oversight Council – Requires approval 2/3 membership for
each – Substantive disagreement arbitrated by
Global Board of Directors or designated committee
Reviewed every 3 years to remain current, relevant and timely
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IIASB Operating Procedures5 Subcommittees based on topic
- Chair and 3-4 membersCoordination and Communication
- 2 face-to-face meetings per year- 2 quarterly web meetings with full board- Separate subcommittee web meetings as
required- Regular communication via email
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Administrative Support
Designated staff liaison - Director, Standards and Guidance.
Technical writers and editorial staff available
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ENSURING EXTERNAL STAKEHOLDER PERSPECTIVE
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Engaging External Stakeholders
Serve on the IIASB- INTOSAI - Association of Chartered Certified
Accountants (ACCA)90 Day Exposure ProcessIPPF Oversight Council
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QUESTIONS