14-05-2009
14-05-2009

Read the May issue of IIA Insight

IN THIS ISSUE:

The Many Benefits of Volunteerism
By volunteering at the local, national, or international level, IIA members can help promote internal auditing while reaping professional and personal benefits. Read the article to learn about volunteer opportunities and how to get started.

A Message From Outgoing Chairman of the Board, Patty Miller, CIA
Miller recaps her year as chairman and shares her views about the upcoming year in her farewell message, “Positioned for a New Year of Furthering the Profession.”

Guidance
New guidance, Auditing External Business Relationships, is available to help internal auditors manage and monitor the risks associated with external relationships. The guidance maps out a strategy for auditing these relationships, which includes understanding the organization and its relationships, assessing risks and controls, performing audit procedures, reporting, and following up.

GAIN Corner
GAIN has just released its 2009 IT Audit Benchmarking Study, which is intended to help organizations looking to establish an effective IT audit process and acquire technology-based audit tools to maximize internal audit efforts. The report is available to members at no charge.

Professional Development
Registration is still open for The IIA’s first online CIA review course, The IIA’s Learning System Part 3 Virtual Seminar. The instructor-led course comprises 12 online sessions to help participants prepare for Part 3 of the CIA exam.

Issues & Updates

“Roundtable With Fortune 100 and Regulators Produces Report About the Economy.” Read what CAEs from Fortune 100 and Fortune 250 companies, regulators, and services providers consider imperative in taking a more proactive and strategic role in working with stakeholders to improve the risk and governance cultures of their organizations.

“Comparing the Yellow and Red Books.” New guidance identifies similar principles and key differences between the Government Audit Standards(Yellow Book) and International Professional Practices Framework (Red Book), and provides suggestions for internal audit organizations that either are required or elect to comply with both sets of standards when conducting audit work.

“Internal Auditing Holds Steady as a Career Choice.” A recent article in PARADE magazine and data from the U.S. Bureau of Labor Statistics shows that internal auditing continues to be a bright spot in the job market.

“Annual IIA Award Recipients Announced.” The IIA recently presented its annual awards for volunteer service, including the Victor Z. Brink Award for Distinguished Service and the John B. Thurston Award for Literary Excellence.

In the Spotlight
Learn how the IIA–Louisville, Ky., Chapter advocates for the profession year-round through community outreach efforts. Also find out how it made International Internal Audit Awareness Month special for the chapter’s city and state.

Members on the Move
Read profiles about IIA members’ latest career achievements and find out how to submit your own to appear in an upcoming issue.

Click here for instant access to the May 2009 issue.

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