AGIA - Strengthening Partnerships
AGIA - Strengthening Partnerships
AGIA - Strengthening Partnerships
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The Institute of Internal Auditors
The IIA is the internal audit profession's global voice, recognized authority,
acknowledged leader, chief advocate, and principal educator.
Competency Industry
The only globally accepted designation for internal auditors and the standard by which
individuals demonstrate their professionalism in internal auditing.
1. Our internal audit journey
The IIA is the internal audit profession's global voice, recognized authority,
acknowledged leader, chief advocate, and principal educator.
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Core principles
The Core Principles, taken as a whole, articulate internal audit effectiveness. For an
internal audit function to be considered effective, all Principles should be present and
operating effectively.
Input
1. Demonstrates integrity.
2. Demonstrates competence and due
professional care.
3. Is objective and free from undue influence
(independent).
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Core principles
The Core Principles, taken as a whole, articulate internal audit effectiveness. For an
internal audit function to be considered effective, all Principles should be present and
operating effectively.
Process
4. Aligns with the strategies, objectives, and
risks of the organisation.
5. Is appropriately positioned and adequately
resourced.
6. Demonstrates quality and continuous
improvement.
7. Communicates effectively.
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Core principles
The Core Principles, taken as a whole, articulate internal audit effectiveness. For an
internal audit function to be considered effective, all Principles should be present and
operating effectively.
Output
8. Provides risk-based assurance.
9. Is insightful, proactive, and future-focused.
10. Promotes organisational improvement.
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2. Our love affair with governance
The IIA is the internal audit profession's global voice, recognized authority, acknowledged
leader, chief advocate, and principal educator.
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OECD/BSP ICD
“… set of relationships between a “… the system by which companies
company’s management, its are directed and controlled by a
shareholders and other stakeholders company’s board of directors acting
…” collegially …”
Vermulean SEC
“… an ecosystem built on trust and “… the framework of rules, systems
value creation …” and processes in the corporation …”
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11 principles of good governance
ICD OECD Jess Estanislao
1. Independence 6. Fairness 9. Ethics
2. Rights and duties 7. Accountability 10.Social responsibility
3. Original powers to 8. Transparency 11. Sustainability
decide
4. Loyalty
5. Long-term viability
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Framework: The Tricker Model
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3. Future-proofing the profession
The IIA is the internal audit profession's global voice, recognized authority, acknowledged
leader, chief advocate, and principal educator.
BS Internal Auditing
MS Internal Auditing
Ladderized
BSBA Internal Auditing
BS in Internal Auditing BS Accountancy
(Far Eastern University) (Far Eastern University)
Master of Accountancy
Course
Major in Internal Audit
offerings
(University of San Carlos)
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From the accountancy profession
Recent developments from CHED and the Board of Accountancy
Certified
Public Certified Professional Accountant Opportunities arising:
Accountant (CPA) Competency-to-curriculum
(CPA) Mapping Project
Development of Course
Workbooks, Cases and
Advanced Advanced Advanced Advanced Textbooks
+ 3 y/OJT + 3 y/OJT + 3 y/OJT + 3 y/OJT Identification of Internal
Auditing Faculties
Teachers’ Training on Internal
Certified Accountant (CA)
Auditing Subjects
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In summary
Strengthening the AGIA–IIAP partnership
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Thank you
Mhycke C. Gallego
CPA, CIA, CCSA, CRISC, MPM, CMC, CRMA
Chairman and President, Institute of Internal Auditors Philippines
Knowledge Management and Advisory Partner, P&A Grant Thornton
mhycke.gallego@ph.gt.com
This presentation is not a comprehensive analysis of the subject matters covered and may include proposed
guidance that is subject to change before it is issued in final form. All relevant facts and circumstances,
including the pertinent authoritative literature, need to be considered to arrive at conclusions that comply
with matters addressed in this presentation. The views and interpretations expressed in the presentation are
those of the presenters and the presentation is not intended to provide accounting or other advice or
guidance with respect to the matters covered.
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