Page 414 - Encyclopedia of Business and Finance

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Institute of Internal Auditors

BIBLIOGRAPHY In 1944 the IIA began publishing Internal Auditor,
Fryman, Harriet (2004, March 1). The future of IT is automa- the magazine that would become one of the profession’s
tion. Retrieved September 21, 2005, from http://www. leading publications. In 1947 the Statement of Responsi-
cioupdate.com/reports/article.php/3319601
bilities of Internal Auditing was issued and became the
Gunton, Tony (1993). A Dictionary of information technology
and computer science (2nd ed.). Manchester, England: NCC foundation for development of internal audit standards.
Blackwell. The official motto, Progress through Sharing, was
adopted in 1955 and continues to guide the IIA’s efforts.
Information Technology Association of America. (n.d.). The
U.S. information technology industry: A brief overview. IIA members approved the Code of Ethics in 1968; and
Retrieved September 20, 2005, from in 1972 adopted a Common Body of Knowledge, which
http://www.itaa.org/eweb/DynamicPage.aspx?webcode=LTII identified the content for the certified internal auditor
&wps_key=86291cb4-0e13-41c7-89f0-e0767fcf4eb6 (CIA) examination offered for the first time in 1973. In
National Coordination Office for Information Technology 2005 the IIA reached the milestone of 50,000 profession-
Research and Development. (2001, February). Using infor- als having received the designation during the CIA’s
mation technology to transform the way we learn. Report to the
president. Arlington, VA. (ERIC Document No. 462 969) thirty-two-year history.
Reiser, R. A., and Dempsey, J. V. (2002). Trends and issues in The IIA Research Foundation, founded in 1976,
instructional design and technology. Upper Saddle River, NJ: sponsors research on trends and issues in internal audit-
Prentice-Hall. ing. A tax-exempt 501(c)(3) corporation, it provides and
Reynolds, P. (2005). A vision of the Internet in 2010. In Les expands research and education for the benefit of the
Lloyd (Ed.), Best technology practices in higher education (pp. internal audit profession, the business and government
193–200). Medford, NJ: Information Today.
communities, and the general public.
Smaldino, Sharon E., et al. (2005). Instructional technology and In 1978 the International Standards for the Profes-
media for learning (8th ed.). Upper Saddle River, NJ: Pear-
son/Merrill/Prentice Hall. sional Practice of Internal Auditing were approved. Aware-
ness of the importance of university preparation for the
profession motivated a pilot program in internal auditing
Charlotte J. Boling at Louisiana State University. The success of this initial
program effort led to establishment of programs in other
colleges and universities. By 1999 more than thirty-five
colleges and universities throughout the globe were partic-
INPUT ipants in the IIA’s Endorsed Internal Audit Program.
SEE Operations Management Noteworthy developments in the 1980s included:
the introduction of the IIA’s first computer software
product, audit Masterplan; the establishment of the
Quality Assurance Review Service; the mandate of con-
INSTANT MESSAGING tinuing professional development for CIAs; and the
SEE Communications Channels granting of consultative status to the IIA by the United
Nations. The 1990s introduced the Global Auditing
Information Network, which compiles and disseminates
benchmarking information; the creation of the IIA’s offi-
INSTITUTE OF cial Web site; and the development of specialty groups,
INTERNAL AUDITORS services, and products to support membership needs.
These include the Control Self-Assessment Center, Cer-
The Institute of Internal Auditors (IIA) was founded in
1941 by a small group of dedicated practitioners in the tification in Control Self-Assessment, Certified Govern-
mental Auditor Program, Board of Environmental
field they identified as “internal auditing.” Few individu-
Auditors Certification, and the Chief Audit Executive
als at the time were aiding the heads of companies in
maintaining sufficient controls for effective operations Services Program.
and for monitoring the quality of financial information In 1999 the IIA’s board of directors approved a new
processed and reported. The initial group’s goal was to professional practices framework (PPF). The board also
encourage competent individuals to consider the emerg- approved a new definition of internal auditing as “an inde-
ing field through the provision of educational activities pendent, objective assurance and consulting activity
and guidance for the practice of internal auditing. By the designed to add value and improve an organization’s oper-
beginning of 2006, the IIA had more than 110,000 mem- ations.” The internal audit function is to ensure that an
bers. organization meets its objectives through a systematic, dis-

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