Institute Of Internal Auditors - IIA


DEFINITION of 'Institute Of Internal Auditors - IIA'

A leader in certification, education and research for professionals engaged in evaluating an organization's operations and controls. Established in 1941, the Institute of Internal Auditors awards the Certified Internal Auditor (CIA) designation, a globally accepted certification for internal auditors. The IIA has its global headquarters in Altamonte Springs, Florida, and has more than 170,000 members worldwide through 103 institutes and 153 chapters in the United States, Canada and the Caribbean (as of 2010).

BREAKING DOWN 'Institute Of Internal Auditors - IIA'

Apart from internal auditing, IIA members also work in areas where this function is a critical component of the corporate structure. These areas include risk management, governance, internal control, information technology audit, education and security.

  1. Certified Internal Auditor - CIA

    A certification offered to accountants who conduct internal audits. ...
  2. Internal Audit

    The examination, monitoring and analysis of activities related ...
  3. Internal Auditor

    An employee of a company charged with providing independent and ...
  4. Material Weakness

    When one or more of a company's internal controls, put in place ...
  5. Sarbanes-Oxley Act Of 2002 - SOX

    An act passed by U.S. Congress in 2002 to protect investors from ...
  6. Accountant

    A professional who performs accounting functions such as audits ...
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  1. Can working capital be depreciated?

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  2. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  3. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  5. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
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