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IIA Comments to Greece on Proposed Amendment Impacting Internal Audit

The Institute of Internal Auditors (IIA), the internal audit profession’s globally recognized advocate, educator, and provider of standards, guidance, and certifications, recently issued letters to Greece’s Prime Minister and Ministry of Development and Investments, objecting to a last-minute legislative amendment that would infringe on its international standards and code of ethics and the efficient practice of internal auditing. Representatives of The IIA’s Global headquarters and IIA–Greece met with the Minister of Development and Investments on 29 October to discuss their concerns and outline a potential resolution.

“The IIA stands ready to work in partnership with Greek officials to develop and implement measures that will protect business and ensure the independence of internal auditors,” said IIA President and CEO Anthony J. Pugliese, CIA, CPA, CGMA, CITP. He added, “The internal audit function plays a key role by providing independent assurance that an organization’s risk management, governance, and internal controls processes are operating effectively. Moving forward without input from critical stakeholders in the capital markets poses a risk to governance of entities operating in Greece and around the world.”

Following Greece’s passage of the law, IIA advocacy staff expressed disappointment and concern regarding the potential negative impact on internal audit quality in Greece and the mobility of quality internal auditors within the European union and globally. The IIA reiterated its willingness and availability to help the betterment of effective governance in Greece, independence of internal audit in Greece, and mobility of EU and global professionals.

The IIA’s letters to Greece’s officials are available on The IIA’s website.

Nominations Are Now Open for IIA Officer, Board, and Committee Positions

With more than 190,000 members in more than 170 countries and territories, The IIA provides dynamic leadership for the global profession of internal auditing. Volunteers play a key role and the contributions they make impact the day-to-day functions of internal auditors, as well as shape the future of the internal audit profession.  

We invite you to nominate yourself or any of your members who have the time, dedication, and ability to contribute to the future direction of the internal audit profession. You are also encouraged to inform your members of this opportunity to serve in a global leadership capacity by sharing the attached message. 

Below are the leadership roles for which The IIA is seeking qualified members: 

• Executive Officers 

• Global Board of Directors

• Internal Audit Foundation Board of Trustees

• 18 Committees comprising 250 members

Nominating your members helps to bring diversity and global perspectives within The IIA’s governance structure to influence global strategies that impact members and the profession around the world. Candidates should have relevant expertise and the ability to participate in the leadership of The IIA 

Nominations for 2018–19 should be completed and submitted electronically by Monday,  2 October 2017. Those elected or appointed to serve will begin their terms in April 2018 or May 2018.

Click here to learn more about the qualifications necessary and to access the online nomination form.

For questions regarding nominations, please contact governance@theiia.org