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April 30, 2013

IIA chief executive joins IIRC

Richard Chambers, president and chief executive officer of the Institute of Internal Auditors (IIA) has been appointed to the International Integrated reporting Council (IIRC).

Commenting on the move, Chambers said "assurance plays a vital role in corporate reporting by providing an additional level of confidence for investors and other stakeholders in the information provided by businesses; it’s a natural fit that the IIA be a part of developing any framework that may impact internal auditors in their roles of providing assurance."

In March, the Executive Committee of the IIA’s global Board declared sustainability a "strategic priority" due to organisations in all sectors placing additional focus on incorporating sustainable business practices and measuring and reporting results.

Chambers added "the IIA’s participation in the IIRC is perfect timing as we have identified sustainability as a key priority for the Institute."

On the back of the IIRC’s consultation on its proposed draft of an International Integrated Reporting framework, which is open for comment until 15 July 2013, the IIA also said it "will utilise its global network of internal audit professionals to prepare a consolidated response."

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