Committees of council
A number of Standing Committees have been established to support the Council. Additional task forces, working groups and advisory panels are also set-up on an ad-hoc basis as and when required.
Audit Committee
The primary purpose of the Audit Committee is to assist the Council in fulfilling its responsibilities in relation to internal control and financial reporting, and to carry out certain oversight functions on behalf of the Council. It is responsible for:
- Advising Council on any matters relating to the external and internal audits;
- Reviewing the annual statements before submission to Council;
- Monitoring the Institute’s exposure to strategic risk;
- Advising Council on the findings and recommendations of any authorised investigations.
Remuneration Committee
The Remuneration Committee is chaired by the President and is responsible for:
- Determining the remuneration of the chief executive;
- Monitoring the structures and levels of remuneration for other senior executives and making recommendations as appropriate;
- Ensuring the Institute's policies support the recruitment and motivation of high quality personnel.
Finance Committee
The primary role of the Finance Committee is to monitor the affairs of the IIA on behalf of Council. It is responsible for:
- Agreeing the IIA’s financial strategy and accounting policies;
- Reviewing and approving the annual budget and management accounts;
- Oversee ing banking and investment arrangements;
- Act ing as a link between the executive staff and the Council.
Professional Development Committee
The Professional Development Committee (PDC) is responsible for:
- Identifying emerging issues in internal auditing;
- Liaising with the profession's key stakeholders;
- Ensuring the co-ordination of professional development activities in the IIA;
- Agreeing priorities for the development of new guidance or training as identified;
- Recommending the adoption of agreed Position Statements;
- Monitoring the activities of the Technical Development Committee.
Professional Education Committee
The Professional Education Committee (PEC) is responsible for:
- Formulating strategy and policy in relation to professional education development;
- Defining the knowledge, skills and competencies required for the Institute's assessed education programmes;
- Ensuring that robust arrangements exist for the management and governance of the IIA's assessed education
programmes;
- Approving the IIA's teaching and learning strategy;
- Monitoring the activities of the Examinations and Assessment and the Teaching and Learning Committees.
Regional Directors' Group
The primary role of the Regional Directors' Group is to act as a link between the district societies, the Council and the executive staff on all district society matters. It is responsible for:
- Identifying issues of common interest and concerns to district societies and communicating these to Council;
- Facilitating the sharing of information between district societies;
- Identifying ways of helping district societies achieve their objectives;
- Ensuring that district societies meet their reporting requirements to head office and Council;
- Hosting an annual forum for district society officers;
- Reviewing and making recommendations to amend the district society policies.
- Establishing a district society leadership programme.
The Council and its committees meet regularly throughout year. The annual general meeting (AGM) usually takes place in September when the President takes office and the new directors are appointed. For information on forthcoming Council and standing committee meetings please download the timetable here
2008 Meeting timetable