IIA and ACCA extend MoU

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have renewed their memorandum of understanding for another three years.

The two organizations have been working together on research projects as well as enabling each other to obtain certifications under their earlier MoU. In 2022, the IIA and ACCA partnered on a report on the implications of emerging trends and rapid business transformation on internal controls. Next year, the two organizations plan to issue new research focused on the application of internal control concepts to sustainability and other non-financial data.

The two groups have also been advocating for each other’s qualifications and use their own channels to support efforts to raise awareness and promote their respective initiatives and programs. As part of the three-year agreement, the IIA will continue to offer ACCA members the opportunity to improve their skills in internal audit with a challenge exam to earn their Certified Internal Auditor designation. Since 2015, over 5,000 ACCA members have earned the CIA credential through this expedited option

The MoU was signed by IIA president and CEO Anthony Pugliese and ACCA chief executive Helen Brand.

“We are excited to extend our partnership with ACCA,” Pugliese said in a statement Monday. “This collaboration allows us to leverage our combined expertise to better serve our members and the broader profession. Together, we can continue to drive significant progress in internal auditing and governance to advance the public interest.”

The partnership helps advance the role and impact of internal auditors as leaders in emerging areas of corporate governance and improving the public trust.

“Over the years we’ve formed a strong relationship with The IIA which continues to benefit both memberships,” Brand stated. “I’m delighted this will continue and look forward to building on what we’ve achieved with collaboration on shared research, events and other initiatives.”