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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 Process

BOARD OF DIRECTORS

Chairman, member volunteer

EXECUTIVE COMMITTEE

VC-Professional Guidance, member volunteer

Professional Guidance Advisory Council (PGAC)

VC – Professional Guidance (see above), Chair

VP – Professional Guidance, staff liaison

IIASB

Chair, 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 Process

Developed 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 Process

Final 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