Global Standard-setting Bodies Enter Agreement

The Institute of Internal Auditors, Inc. (IIA) and the Professional Standards Committee of the International Organization of Supreme Audit Institutes (INTOSAI) have entered into a Memorandum of Understanding (MOU). The agreement documents the alignment of the organisations’ strategic objectives, acknowledges each other’s global standards, and outlines the process for ongoing collaboration and cooperation.

Recently signed by INTOSAI Professional Standards Committee Chair Henrik Otbo and IIA Chairman of the Board Günther Meggeneder, CIA, in Johannesburg, South Africa, the agreement supersedes a previous MOU signed in 2007 in Amsterdam, which created a structure for cooperation and collaboration between the two global standard-setting bodies. That earlier MOU also facilitated two INTOSAI Guidance for Good Governance papers – INTOSAI Gov 9140 Internal Audit Independence in the Public Sector and INTOSAI Gov 9150 Co-ordination and Co-operation between SAIs and Internal Auditors in the Public Sector – which were published and are available at

The new MOU expands collaboration between the two global entities, leveraging the work, experience, credibility, and impact of each. A major element of the MOU is the mutual acknowledgment that each organisation’s standards – INTOSAI’s International Standards for Supreme Audit Institutions (ISSAIs) and The IIA’s International Standards for the Professional Practice of Internal Auditing (Standards) – are recognised globally.

“As the standard-setter for the internal audit profession, The IIA aptly recognizes the importance of collaborating with the world leader and standard-setter for public sector auditing,” says Meggeneder. “It is critically important that our two organisations work closely together to ensure consistency and continuity, and this formal agreement will serve as a conduit for that work.”

“The IIA is an ideal partner for supporting INTOSAI’s strategic objectives to provide and maintain international standards and contribute to the development and adoption of appropriate and effective professional standards,” adds Otbo. “By joining forces through this important agreement, The IIA and INTOSAI will further the strategic goals of both organisations.”

Not only will the two bodies work toward a common language in regard to global standards, but they also will offer insights and share information, research, tools, and other materials and resources. In addition, IIA and INTOSAI representatives agree to observe each other’s standard-setting boards and activities.

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