International Internal Audit Advisory Committee
The International Internal Audit Advisory Committee consists of those senior staff from our members’ internal audit departments who have a presence outside the US and who must comply with requirements imposed on the member’s internal audit function by non-US regulators. The Advisory Committee provides a forum for its members to discuss such requirements, including issues arising from the integration of multiple national requirements, the challenges they present for members operating in multiple jurisdictions, and sound internal audit practices for firms with a global presence.
Key Issues of Interest
The key issues of interest for the Advisory Committee are those that relate to the internal audit function of member firms with a global presence. The Advisory Committee’s objectives are to: identify and better understand differences in cross-border regulatory requirements impacting the internal audit function; reconcile any disparate requirements to ensure compliance with all applicable requirements in an efficient manner; monitor issues and initiatives that raise concerns relating to the internal audit function; provide guidance to members of the Advisory Committee, as appropriate, to assist them in understanding and responding to such issues and initiatives; and provide a forum for members to talk about the audit functios
Committee Members
Committee Meetings
The International Internal Audit Advisory Committee meets at least four times a year: two of these meetings focus on issues raised by members; the remaining meetings focus on members’ annual audit plans. The majority of the members attending these meetings are based in the UK or EU, so any in-person meetings will take place in London. These meetings are supplemented by educational sessions on topics of interest to the members. The Committee meets twice a year in person, with the two meetings to discuss audit plans held virtually. The agendas for the two meetings focused on issues raised by members will include updates on any regulatory or audit-related initiatives impacting members as well as a group discussion on current topics of interest to members. The educational sessions for the Committee are held virtually so members of the US Internal Audit Committee can participate in them. These sessions are also open to members’ audit staff or others within the organization who may be interested in the topic. In addition to the Committee’s meetings, ICI engages with the Committee through the publication of memos and emails that keep members of apprised of issues of interest to them or issues that may affect them.
Membership Information
Each member with an internal audit function outside the US may be a member of the Advisory Committee. Representatives appointed to the Advisory Committee must be a senior audit executive with responsibility for the member’s audit function. In addition, each member may have an additional representative on the Advisory Committee.