The Chartered Institute of Internal Auditors (IIA) and The
Chartered Institute of Public Finance and Accountancy (CIPFA) will
collaborate to drive the development of the internal auditing
profession in public services.
The collaboration aims to help public service organisations improve
how they manage risks, which comes at a time when public service
organisations are managing spending reductions and wide-scale
reforms.
The joint work, endorsed by the councils of both institutes, will
take advantage of professional educational standards,
qualifications and services the institutes share. These will
be made available both to internal auditors working in the public
services, and to public financial accountants working in internal
audit.
The institutes also plan to work together to
develop a joint framework for internal audit across the public
services, based on the IIA’s global standards and supplemented by
sector-specific guidance.
“As the public services adapt to reduced funding and roll-out major
reform programmes, effective internal audit is more crucial than
ever in ensuring transparency and accountability in managing
financial and other risks”, CIPFA Chief Executive Steve Freer
said.
