IIA Welcomes Malta and Somalia as Affiliates

August 22, 2023

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Internal Audit Association Expands Global Network with Addition of Malta and Somalia as Affiliates

The Institute of Internal Auditors (IIA), a trailblazer in setting standards, providing certifications, offering education, conducting research, and offering technical guidance for the internal audit profession worldwide, has proudly announced the inclusion of Malta and Somalia as its latest affiliates. This development not only amplifies The IIA's expansive global influence but also fosters knowledge exchange and discussions on emerging challenges within the internal audit field at a local level.

The IIA's legacy continues to thrive as it extends its network to encompass two more international affiliates. Malta and Somalia's incorporation into the federation marks a significant step toward enhancing awareness and understanding of the internal audit profession within these regions. Moreover, this expansion provides a platform for practitioners to engage in conversations about novel subjects and obstacles they encounter within their unique contexts.

Members of The IIA residing in Malta and Somalia will gain unhampered access to an array of professional guidance, tools, and resources. The benefits, however, do not stop there. With the addition of Malta and Somalia to the IIA's roster, local members will be empowered with tailor-made training programs designed to tackle challenges, exploit nuances, and explore opportunities specific to their respective countries. The new affiliates also usher in enhanced networking prospects and local advocacy representation.

IIA's President and CEO, Anthony Pugliese, a distinguished figure holding the titles CIA, CPA, CGMA, CITP, expressed his enthusiasm about welcoming Malta and Somalia into The IIA's global affiliate family. Pugliese emphasized the ever-increasing significance of internal auditors' roles, particularly as organizations navigate unprecedented risks and swiftly shifting business dynamics. In this scenario, the support, strategic collaboration, and guidance offered by internal auditors become invaluable. The new affiliate status for Malta and Somalia not only grants them access to The IIA's vast global network but also contributes to strengthening its worldwide presence, influence, and professional offerings. Pugliese anticipates a collaborative journey with the new international affiliates, steering the profession towards a promising future.

The collaboration between The IIA's Malta and Somalia affiliates and local partners will foster the development and delivery of training programs for internal auditors in both public and private sectors. These programs aim to equip aspiring auditors with globally recognized certifications, including the prestigious Certified Internal Auditor (CIA) and designations like the Internal Audit Practitioner (IAP).

The current climate underscores the importance of earning globally recognized certifications, given the expanding role of the internal audit profession and its growing impact on businesses. With the ever-changing business landscape, internal auditors play a pivotal role in identifying and mitigating risks stemming from emerging technologies and cybersecurity threats. Additionally, they are at the forefront of providing assurance and insights into Environmental, Social, and Governance (ESG) initiatives.

The incorporation of Malta and Somalia as affiliates aligns perfectly with a pivotal phase in The IIA's journey. This development precedes the unveiling of the updated Global Internal Audit Standards™, a comprehensive project spanning multiple years. This initiative aims to meticulously review and update The IIA's International Professional Practices Framework (IPPF). The project's culmination is expected at the close of 2023, with the revised standards taking effect in January 2025.

Becoming an affiliate of The IIA is no trivial task. The process entails rigorous preparation, involving the establishment of an organizational foundation, a demonstration of a sustainable strategic plan, a commitment to ethical practices, and the establishment of robust governance and compliance mechanisms. Both Malta and Somalia have demonstrated exemplary commitment through their Formation Committees, comprising key leadership roles such as president, vice president, treasurer, secretary, and membership chair.

IIA Somalia will establish its headquarters in Mogadishu, serving the Federal Republic of Somalia, while IIA Malta's headquarters will be situated in Valletta, catering to the Republic of Malta.

With the inclusion of Malta and Somalia, the IIA's existing community of 235,000 members now enjoys the support of a comprehensive network of 116 international affiliates. Collectively, these affiliates represent nearly 200 countries and territories worldwide.

About The Institute of Internal Auditors

Founded in 1941, The Institute of Internal Auditors (IIA) is a globally recognized professional association catering to over 235,000 members globally. With an impressive track record of awarding more than 190,000 Certified Internal Auditor (CIA) certifications worldwide, The IIA has earned its reputation as a leader in setting standards, providing certifications, delivering education, conducting research, and offering technical guidance in the internal audit field. To learn more, visit theiia.org.

Frequently Asked Questions (FAQs)

What is The IIA, and what does it do?
The Institute of Internal Auditors (IIA) is a prestigious international professional association known for its standards, certifications, education, research, and technical guidance in the field of internal audit.

What is the significance of Malta and Somalia becoming affiliates of The IIA?
Malta and Somalia's inclusion as affiliates of The IIA expands the association's global network, fosters discussions on local challenges, and provides tailored training and resources for internal auditors in these regions.

What benefits will members in Malta and Somalia gain from this affiliation?
Members in Malta and Somalia will enjoy access to professional guidance, tools, and resources, along with customized training programs, enhanced networking opportunities, and local advocacy representation.

Why are globally recognized certifications like CIA important in the current business landscape?
As the role of internal auditors evolves and businesses face increasing risks, certifications like Certified Internal Auditor (CIA) hold value by demonstrating expertise in identifying and mitigating risks, including those related to technology and cybersecurity.

What is the significance of The IIA's updated Global Internal Audit Standards™?
The updated standards, set to be finalized in 2023 and effective from 2025, reflect the changing landscape of internal auditing, ensuring that practitioners are equipped to address emerging challenges and deliver effective services.