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.
Business and Finance Committee
The Business and Finance Committee is responsible for:
Reviewing, and where appropriate recommending, to Council:
§ the Institute's business, accounting, financial and investment and capital expenditure policies;
§ the management accounts and financial forecasts;
§ the annual budget;
§ annual membership subscription rates;
§ arrangements with the Institute’s bankers.
Advising the Chief Executive and Council on:
§ new commercial opportunities;
§ how competitor activity impacts Institute revenues;
§ the financial implications of the Institute’s strategic decisions.
Advising the Director of Finance and Administration:
· accounting policies
· business processes
· resourcing
· key priorities
Professional Policy and Practices Committee
The Professional Development Committee (PPPC) 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.
Profession Education and Development Committee
The Professional Education Committee (PEDC) 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.
Member Network Committee
The primary role of the Member Network Committee is to act as a link between IIA Districts, the Council and the executive staff on all district matters. It is responsible for:
- Identifying issues of common interest and concerns to districts and communicating these to Council;
- Facilitating the sharing of information between districts;
- Identifying ways of helping districts achieve their objectives;
- Ensuring that districts meet their reporting requirements to head office and Council;
- Hosting an annual forum for district officers;
- Reviewing and making recommendations to amend the district policies.
- Establishing a district 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 a copy of the meeting calendar.