Supporting the profession

Dr Ian Peters, Chief Executive

Retail Audit Forum

Thursday, 23rd May, 2013

What are we trying to achieve ?

Vision

That internal auditing is recognised as essential to the success of

Organisations

….and that the Institute is regarded as essential to the success of those individuals

and organisations involved in internal audit.

Mission

• Develop the profession to ensure it has the skills, knowledge and expertise to be

essential to the success of organisations

• To promote the role and value of the profession to ensure that it is recognised as

Essential to success.

To achieve this the Institute must be representative of the profession as a whole and

sufficiently well resourced to support its activities

Achievements - the last three years

Chartered status Internal Audit Leaders’ Forum (FTSE100)

Stronger relationships with key groups : CBI, IoD, FRC, FSA (PRA/FCA), BIS, HM Treasury

New code for internal audit in the Financial Services sector

Improved media profile New code for internal audit in public sector

New website External Quality Assessment

Improved member communications Improved financial performance

Audit and Risk magazine and website Partnership Programme

Free webinars Stronger links with IIA Global and ECIIA

Growth in Annual Conference and Annual Dinner Progress in global position for CMIIA

Areas for additional emphasis- the next three years

• Engaging with Audit Committees

• Growing the membership

• Global qualifications convergence (CIA & CMIIA)

• 2014 International Conference

• Research and policy

• Sector Strategy

Sector strategy - vision

We are developing a sector strategy to help us focus our service delivery and influence

activities.

Vision

• Sector-based groups dedicated to serving sectors

• Sector groups should be volunteer and member-led

• Make membership more attractive through sector based services

• Improve member recruitment and retention

• Facilitate influence and profile activity

Sector services

Services could include :

Dedicated web area Information and resources Web forums Benchmarking / research Training and events Profiles in Audit & Risk Magazine

We will be piloting a model for sector based delivery during 2013/14

More scope to deliver influence for sectors.

Benefits of closer working between the Retail Audit Group and IIA

• Event content and administration

• Stronger voice for the profession within the retail sector

• Stronger voice for retail sector practitioners within the Institute

• More relevant/tailored services

• Gaining new members through a more attractive service package

Steps to closer working

1. Continue working relationship established on event administration

2. Input to Institute sector strategy

3. Agree basis for greater collaboration

4. Agree scope for membership growth and service development

Questions