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ISACA CEO: ISACA and The IIA sign MOU

| Posted at 4:25 PM by Susan221 | Category: ISACA | Permalink | Email this Post | Comments (7)

In September, we announced the results of a meeting held at the ISACA International Headquarters office between the senior management staff of ISACA and The IIA. It was a valuable opportunity for the two organizations to reflect on the challenges and opportunities we face in serving our similar constituencies. We did more than just talk, however; we laid the groundwork for a formal memorandum of understanding (MOU) between us, which has now been signed and is in effect.

 

The MOU creates a basis for cooperation and collaboration between ISACA and The IIA for the advancement of the global internal auditing profession through the mutual sharing of knowledge, experience and best practice, thus allowing the associations to benefit from each other’s respective work and involvement. The list of potential activities that could take place to bring that purpose to fruition is nearly endless; some of possibilities identified in the MOU include:

§         Speaking and exhibiting at each other’s conferences, seminars and events

§         Conducting jointly sponsored events

§         Mutually recognizing, where appropriate, each other’s continuing education programs for continuing education credits to satisfy requisite certification requirements

§         Participating in training and educational programs offered by either association where such collaboration benefits the attendees

§         Encouraging similar cooperation and collaboration among local chapters of ISACA and The IIA (an activity that already thrives in many places throughout the world)

§         Identifying opportunities for joint projects that advance the global internal audit profession and the professional standing of its members

§         Engaging in periodic discussions on matters of public policy that impact the internal auditing profession

§         Where appropriate, coordinating and promoting unified messages and responses to standards setters, regulators, and legislators globally, and providing them with information regarding best professional practices

 

Clearly, this is not an exhaustive list, but it does illustrate the great potential before us. We look forward to investigating the many ways our joint activity can benefit our members and other constituents, and we are gratified at the spirit of cooperation and collaboration exemplified by this signed MOU.

 

Susan M. Caldwell                                             Richard Chambers, CIA, CGAP, CCSA

CEO                                                                 President and CEO

ISACA                                                              The Institute of Internal Auditors

 

 

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Comments

A great step

A great step towards new era of knowledge, experience and best practice. Debtosh Ghosh , CISA , India
Debtosh Ghosh at 11/1/2010 6:31 AM

Unification

It is a good beginning towards unifying the two. hopefully, we will see unified standards/guidelines evolve instead of each association releasing its own set of standards. well done. congratulations.
Satyashiba at 11/1/2010 11:33 PM

Walk the Talk

I am very pleased to be part of a group that is passionate in making improvements through time. Congratulations! This is indeed a great step forward to synergizing and to achieving the goal of standardization (in audit). Now there is an added degree of "check and balance" and a potential answer to "who audits the auditors" on high level. Hopefully, though, in time, such common understanding will be delivered to and accepted by professionals outside the audit circle so that as we recommend, they implement.

Pautsang at 11/4/2010 1:47 PM

Great Milestone

Congratulations to ISACA and the IIA. This is a great milestone and it will certainly benefit the internal auditing professionals to better serve our clients. The agreement regarding reporting of CPE hours will make life better and easier for us who belong to both associations. There is a lot to be gained from this MOU.

I salute ISACA and the IIA
Lubinda Namiluko at 11/5/2010 9:53 AM

Convergence

A good sign of cooperation. This important step should help members of both organisations leverage on each others knowledge, resources and best practices and pave the way for audit convergence in a way that benefits both professions.
kvmahesh at 11/7/2010 4:18 AM

Substance will be important

My own Computer Weekly IT Governance blog http://www.computerweekly.com/blogs/it-governance/ refers to this MoU. It is an excellent step forward in the developing relationship between our two organisations but members of both entities will expect to see early delivery on the promise of the agreement. This will require focus at international and at chapter levels.
Paul Williams at 11/9/2010 11:16 AM

Re: ISACA CEO: ISACA and The IIA sign MOU

This is a great step in the right direction. Great job guys.
Pierce058 at 10/20/2011 10:38 AM
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