European Leadership Forum Madrid, Spain 6 October 2018
Introductions - Global Delegation • Naohiro Mouri, CIA – The IIA 2018-2019 Global Chairman of the Board – EVP and Chief Auditor, AIG Group, Japan • William Michalisin – EVP and Chief Operating Officer, IIA Global HQ • Lily Bi, CIA, CRMA, QIAL – Vice President, Global Professional Certifications, IIA Global HQ
Purpose Network and meet face-to-face with Affiliate Leaders in Europe and keep you informed of key global developments and initiatives since the 2018 Global Council in Panama European Today’s Agenda Leadership • Chairman’s Opening Remarks • New Global Strategic Plan Forum • New Global Governance • Licensing the IA Profession • Global Operations Update • Affiliate Services • Certifications Update • Q&A
Opening Remarks Mr. Naohiro Mouri, CIA 2018-19 Global Chairman of the Board
2019-2023 Global Strategic Plan Mr. Naohiro Mouri, CIA 2018-19 Global Chairman of the Board
2019-2023 Global Strategic Plan Development Process • Initiated discussion on new bottom up process at Global Council in Rome 2017 • Conducted 5 regional SWOT sessions and surveys to collect input that led to the identification of 3 major themes • Collected ideas regarding the 3 major themes at Global Council in Panama City • Based on all input, EC Task Force developed a draft of the plan which was circulated to the Global Board, Affiliate leaders, GELT and 2018 Committees for feedback and updated plan • Final plan approved by the Global Board of Directors in Dubai (May) • Final 2019-23 Global Strategic Plan announced to Affiliates (August) • HQ Staff working with various groups to develop short, medium and long term KPIs and tactics
New Vision and Purpose IIA VISION 2030 – VISION FOR THE PROFESSION Internal audit professionals are universally recognized as indispensable to effective governance, risk management, and control IIA VISION 2024 – VISION FOR THE IIA ORGANIZATION The IIA is the primary global resource for members and the internal audit profession, enabling internal audit professionals to be recognized as critical to enhancing and protecting organizational value THE IIA ORGANIZATION’S PURPOSE To lead the internal audit profession and enhance its value to stakeholders through empowered members
The IIA’s 2019 -2023 Plan - Goals Stronger Profession The internal audit profession is strengthened by enabling IIA members to engage stakeholders and GOAL A provide insight on risks impacting organizations Competent Professionals Members are competent and confident to deliver GOAL B on stakeholder expectations and demonstrate the value of our profession Sustainable Global Value GOAL C Value is delivered to IIA members globally
Next Steps • Share multi-year tactical plan with Global Board – Midyear • Develop 2019 KPIs and gain approval from Executive Committee – Midyear • Execute plan, monitor and report out on KPIs in 2019
The IIA’s New Global Governance
New Global Governance Eliminated the existing Executive Committee to establish a small Supervisory Executive Supervisory Committee to advise Committee Committee Global CEO and serve as Compensation Committee Assembly Global Reduced the size of the Global Global Board from 38 to 17. Board Board (38) (17) Changed Global Council to Global Global Global Assembly and increased Council Assembly its responsibilities
May 2018 New Bylaws approved by member at Annual Business Meeting September 2018 Call for nominations for Global Board of Directors, 17 Committees and IAF Key Board of Trustees Milestones October 2018 Nominations deadline is 12 October July 2019 New Global Board to commence 2020 First Global Assembly will meet
Key Changes • Board size and composition • New board will be competency-based • Global Nominating Committee will be a standing committee
New Global Assembly • First meeting in 2020 in London, UK • Enhanced role in governance • Global Assembly will have a joint session with the Global Board of Directors • New Charter and operations to be discussed at 2019 Global Council for input from Affiliates
Licensing the Internal Audit Profession
IIA Policy on Licensing the IA Profession • Updated: Laws, Regulation, and Licensing Policy • NEW: Legislative and Regulatory Guidelines – Full report shared with all Affiliate Contacts and Presidents in July 2018 – Will require annual attestation – If local government is considering laws/regulations related to IA, please contact the Global Relations team.
Questions?
The State of The IIA’s Operations William Michalisin EVP and Chief Operating Officer
Global Footprint 192,201 Members NEW 2018 170+ Countries & Territories MILESTONE! 107 International Affiliates Membership tops 197,000 in 189,910 Certifications awarded April 2018 & 153,206 CIAs awarded Total CIAs exceed 150,000
Global Membership 194,000 193,000 192,000 191,000 190,000 189,000 188,000 187,000 186,000 185,000 184,000 183,000 12-Month Moving Average 182,000 181,000 180,000
Membership by Region (Through August 2018) Region Members Africa 12,967 Asia Pacific 35,636 Europe 49,238 Latin America 14,339 Middle East 5,958 North America 72,662 Virtual 1,401
Global Certifications & Qualifications 15,322 7,532 6,952 5,333 153,206 565 Total certifications awarded: 189,910 (Through August 2018)
IIA Inc. Financial Performance In Thousands 7+5 2018 Budget Variance Forecast 56,087 57,759 1,672 Revenue 55,559 55,661 (103) Expenses Contribution 528 2,098 1,570 from Operations Other Income or 867 (165) (1,032) (Expenses) 1,395 1,933 538 Net Contribution
Connecting our Interdependencies Membership Outreach Research Training Advocacy Certification Standards & Guidance
Key 2018 Accomplishments PLANNING • Global Strategic Plan 1. Stronger Profession 2. Competent Professionals 3. Sustainable Global Value • Ensured GDPR Compliance
Key 2018 Accomplishments CONTENT • Global Thought Leadership 1. Internal Audit in the Age of Disruption Special Reports on AI – 3 parts 2. 3. 2018 Global Risk Report: Top Risks Faced by Chief Audit Executives 4. Agility and Innovation • Content Strategy under development
Key 2018 Accomplishments CONTENT • Position Paper • Why Conformance Matters • White Paper (IIA and IFAC) • United, Connected and Aligned: How the Distinct Roles of IA and the Finance Function Drive Good Governance
Key 2018 Accomplishments GUIDANCE • New/updated Guidance 1. Auditing Grants in the Public Sector (PG) 2. Coordination/Reliance: Developing Assurance Map (PG) 3. Auditing Model Risk Management (PG) 4. Auditing Liquidity Risk, An Overview (PG) 5. Auditing IT Governance (GTAG)
Key 2018 Accomplishments EVENTS • Planned and executed successful conferences and meetings, including: – Global Council • Panama: 80 affiliates – GAM Conference • Las Vegas: 1.300+ paid attendance – International Conference • Dubai: 2.900+ in attendance
Key 2018 Accomplishments CAPACITY BUILDING • Expanded Global Footprint – 2 New Chapters in Formation (Venezuela and Kazakhstan) – New Networks in Vietnam & Pakistan • African Development – Published research with World Bank – Executed regional development efforts
Key 2018 Accomplishments ADVOCACY • Global Advocacy Platform – New Toolkit, Video for Affiliates • Internal Audit Awareness – Recognized Affiliates for their efforts around IAA Month • Tone at the Top – Crisis Resiliency (Feb) – The Carillion Failure (June) – A Conspiracy of Silence (August)
Key 2018 Accomplishments TRANS- FORMATION • Set up a new company in China to comply with NGO rules • Revised International Conference Model • Piloted Global OnDemand offering • Business & Digital Transformation • Global Operating Model
Future Initiatives • New Global OnDemand offering • New Assessment-based Certificates • 3 Lines of Defense refresh project • Competency Framework refresh • Induction training for new Affiliate Leaders • Demand Study
Affiliate Services and Events COSO Internal Control Certificate Global OnDemand 2019 International Conference 2019 Global Council
COSO Internal Control Blended Training Learning • Training program on the COSO Internal Control Framework. – Targets professionals with 2 – 6 years of experience – Available in English, French, and Spanish • Discounted pricing by region. – COSO approved minimum price for Europe: US$1,200 (33% savings) – Affiliate remits 40% royalty payment (gross) – Additional US$15/per exam delivered
COSO Internal Control Program Components Self-Paced Classroom Training Online Exam (4.5 hours) (2.5 days) - Open book exam Two computer-based Includes instructor and modules deployed from participant guides and - Certificate of The IIA. PowerPoint presentation completion AFFILIATE IIA GLOBAL IIA GLOBAL 25.5 CPEs
Recommend
More recommend
