The Role of Standards and Professional Bodies: Drivers of Development

1. The Role of Standards and Professional Bodies: Drivers of Development

2. VIDEO CLIP

3. An entity, association which exists for the benefits of its members Fundamental elements Standards and Code of Ethics Education and Training “Professional Body”

4. 1964 Establishment of IIA’s South African Chapter. Started as informal meetings of internal auditors 40 years ago Initial driver was need for contact, sharing of experiences Area meetings evolved, news spread 1983 South Africa becomes a National Institute. Secretarial duties became onerous; administration delegated to part time contractors Voluntary Board evolved Case Study: Evolvement of a professional body

5. Evolvement of IIA SA • 1985 – registered as a non-profit organisation with Company Directors - gives legitimacy to voluntary structure • 1995 – voluntary structure no longer tenable; first full-time Secretariat member appointed • Drivers – increased communication needs, volunteers provide inconsistent support, insufficient continuity. 1994 Release of first King Report on corporate governance

6. Evolvement of IIA SA • 1998 – 3 full time administrators, 8 regional volunteer committees • 1999 Part time CEO, also works for IIA Inc as Regional Director, Africa • 2001 full time CEO, 5 staff; membership 1400 • Today – CEO, 11 staff, membership >3000 • Drivers – legislation and King support internal audit functions , growth of corporate governance and risk management requirements, corruption, need for skills development, public sector expands IA functions

7. Why the need for a professional body? • It’s a professional home • Central contact point; repository of information • Administrative support of the key fundamentals –membership, education & training, technical support, dissemination of Standards and Code of Ethics

9. Reception and switchboard Membership Finance and administration Education & training* Career path – combination of experience (workplace) and learning (academic) = COMPETENCE Certifications Technical support* *initially done by voluntary committees The IIA SAKey support functions

10. Services Manager – to answer queries, organise events, office management IT support Marketing and communication CEO Strategy, Board support 3rd party liaison including Inc, organisations, other bodies Staff management Policy Image, public relations etc Key support functions

11. IIA Education and Training • Academic • Universities and Technikons • EIAP, aligned to CFIA • Student support • Training • Annual seminar/courses program • Learnerships • Conferences • Annual Southern African – 18-20 August • Regional • Risk, Fraud • International 2009 • Networking events

12. IIA Training - learnerships

13. Learnerships • Training contract between employer, employee, Dept Labour • 21 days focused academic training • Implementation of learning in workplace, logbook, assessed by IIA SA • Designation at end – Internal Audit Technician (IAT) • General Internal Auditor (GIA) in development

14. Future expansion • Education and training • Full time Manager and support staff • Quality assessments • State-of-the-art courses • Extended visiting program to CAEs to increase understanding of IA • Company secretary • Secretarial support staff • Enhanced marketing and promotions • Regional infrastructure • Exemplary corporate governance

15. Conclusion • Secretariat provides • Professional home • Mechanism for stability, spreading professionalism, disseminating the Standards and Code of Ethics • Voice of the individual on a united front, locally and globally • Together we Progress through sharing …..