Institute of Internal Auditors

Overview

The Institute of Internal Auditors (IIA) is a prominent nonprofit organization focused on advancing the internal audit profession globally. However, there seems to be some confusion regarding its tax designation and EIN, as available information suggests the IIA is typically associated with EIN 13-5532538 and classified as a 501(c)(6) organization. Nonetheless, this article will provide an overview based on common information about the IIA.

History

Founded in 1941, the Institute of Internal Auditors was established by a group of internal auditors seeking to professionalize their field. Over the years, the IIA has grown significantly, with members from around the world.

Mission and Activities

The IIA's mission is to provide dynamic leadership for the global profession of internal auditing. Key activities include:

• Advocacy and Promotion: The IIA advocates for the value that internal auditors bring to organizations, promoting their role in risk management, governance, and control processes.
• Professional Development: Offering comprehensive educational opportunities, standards, and certification programs like the Certified Internal Auditor (CIA) designation.
• Research and Guidance: The organization disseminates knowledge and best practices related to internal auditing.

Standards and Certifications

The IIA has developed international standards for internal auditing and offers several certifications, including the CIA. These standards serve as a foundation for evaluating and enhancing the quality of internal audit functions worldwide.

Structure and Membership

The IIA has a global presence with members in numerous countries. It is governed by a volunteer board elected by its membership and maintains local chapters that support its activities at the grassroots level.

Conclusion

The Institute of Internal Auditors serves as a leading body for promoting and developing the internal audit profession, focusing on enhancing organizational governance and risk management practices globally.