Global_partnership_agreement_signed_with_ACCA
22 September 2005The Institute of Internal Auditors (IIA) and ACCA (the Association of Chartered Certified Accountants) have signed a global partnership agreement. Under the agreement, the two organisations will co-operate, collaborate and share resources across their global networks of offices and affiliate bodies.
Under this agreement, ACCA will strongly advise its members that any internal audit work they conduct should be performed in accordance with the IIA's International Standards for the Professional Practice of Internal Auditing and the IIA's Professional Practices Framework.
ACCA Chief Executive Allen Blewitt, said: "Our focus, as a global leader of accountants, has been general in nature and broad in scope. By contrast, the IIA represents and advocates for those who are internal audit specialists. We at ACCA recognize the IIA for its authoritative guidance, and complying with the Standards will ensure that our members who perform internal audit services will have the 'specialist perspective' they need to meet effectively the high expectations of stakeholders".
IIA President David A. Richards said: "The IIA and ACCA are both long-standing, highly respected professional associations, each with members from all around the world. Although we represent two distinctly different professions, our codes of ethics and perspectives on enhanced professionalism, ongoing education, and quantifiable research mirror one another. This agreement is the first step toward a variety of joint projects on issues such as ethics and sustainable development or corporate social responsibility, as well as a unified approach to professional growth for the members of both organizations.
For more information. please contact:
Andrew Silverman, ACCA Director, Public Affairs & Communications
+44 (0) 20 7059 5521/07715 367060