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The Institute of Internal Auditors New Zealand (IIA NZ) provides internal auditing practitioners, executive management, boards of directors and audit committees with standards, guidance and information on internal auditing best practices. The Institute has membership drawn from both private and public sectors. The Institute is affiliated with the Institute of Internal Auditors (IIA Global) in the USA and the numerous IIA Chapters around the world.
IIA NZ is an incorporated society with a governing board elected from the membership of the organisation.
Welcome back to the first edition of the IIA NZ newsletter for 2024! We extend our sincere wishes for a Happy New Year to all our valued members. As we embark on a new and exciting year, our commitment to keeping you informed about the latest updates, events, and opportunities within the internal audit community remains steadfast. Let's make 2024 a year marked by growth, learning, and collective success. Read on for a preview of what's on the horizon for the internal audit profession and our close-knit IIA NZ community.
As we embark on a new year, we extend our warmest greetings and wishes to each of you. The dawn of 2024 brings with it a sense of anticipation, excitement, and the promise of new opportunities for the internal auditing community.
Message from the IIA NZ Chair - YY Lee:
Reflecting on the accomplishments of 2023, I am proud of the dedication and impact demonstrated by our members, the IIA NZ leadership team and our national office. Together, we navigated challenges and celebrated successes, laying the groundwork for a prosperous year ahead, also with the impetus from our new Global Internal Audit Standards. In 2024, our vision is laser-focused on further elevating our profession. As we commence the new membership tenure year, we collectively extend our thanks to each member who has renewed their commitment to IIA NZ. Your engagement and commitment are pivotal to our profession. More fun ahead, so let's keep going!
Deputy Chair and Advocacy Address - Tee Chow Lee:
Advocacy remains a cornerstone of our mission to shape and influence the future of our profession across NZ business' and increase the quality of internal auditing. In 2024, it is fantastic to see the launch of the new Global Internal Audit standards, further enhancing the quality and understanding of our profession. I am excited for the upcoming communication and education of these standards, alongside a number of other initiatives that are being planned by the Advocacy Committee.
Education Chair's Insights - Grace Nunn:
As the Education Chair, we are excited to announce the launch of the new IIA NZ training programme in collaboration with Massey University. This initiative aims to equip our members with cutting-edge skills and knowledge, ensuring they are well-prepared for the dynamic challenges of the profession. Furthermore, IA Awareness Month will be a highlight, emphasizing the importance of internal audit and fostering awareness among professionals and organisations.
Top Priorities for 2024:
Whether you're a longstanding member, a steadfast supporter, or someone who has recently joined our community, your dedication contributes to creating a strong, vibrant, and continually expanding internal auditing community. As we navigate through 2024, anticipate a diverse array of events, training sessions, and networking opportunities designed to foster the growth and support of our dynamic community.
Thank you for your unwavering support, and here's to a year filled with collective achievement, knowledge advancement and success!
As we embrace the auspicious year of 2024, we are thrilled to announce a significant milestone-the launch of the new Global Internal Audit Standards (GIAS). This marks the first major review since 2017 and comes after several years of consultation by the IPPF Evolution Project Team. On 24 January, we commenced a comprehensive learning journey with an online webinar, setting the stage for numerous events as we navigate the new GIAS in this transition year.
Please refer to the webinar playback from 24 January, which includes details about the presenters, content of the final Standards, rationale supporting decisions, and learning objectives.
A Milestone for the Profession
The introduction of these standards represents a significant stride towards elevating the internal audit profession. As internal auditors, the new standards call for embracing a strategic, leadership role within organisations. While maintaining independence remains paramount, the emphasis is now on collaborative work within other governance and assurance structures. This collaborative approach is designed to deliver consistent and reliable insights, steering organisational success.
Overwhelming Support and Resources
The launch of these standards represents a remarkable initiative and to facilitate your comprehension through this transition year, both Global (The IIA), IIA NZ and other affiliates will provide an array of resources, including press releases, reports, and recorded sessions, which we will make available to IIA NZ members. We recommend initiating your exploration at The IIA's 2024 Global Internal Audit Standards webpage, offering access to the new standards and a condensed version. Additionally, explore The IIA resource webpage, specifically tailored to how the new Standards will amplify the impact of your internal audit function. Delve into webinars, courses, and more to gain insights into the Standards and kickstart their adoption before the effective date. To access The IIA resource page, click here.
IIA NZ's Commitment to Your Readiness
Looking ahead, IIA NZ is committed to ensuring your readiness for the new standards. We will provide updated tools, resources, guidance, workshops throughout the year. Collaboration is key, and we will actively engage with The IIA and other affiliates, sharing valuable information and knowledge with our members. Furthermore, we will work closely with government, businesses, and stakeholders to enhance their understanding of the indispensable role of internal auditors.
A Year of Growth and Impact
Thank you for being an integral part of our vibrant community. Here's to a year filled with growth, learning, and impactful contributions.
We are thrilled to announce the inaugural IIA NZ Heads of Internal Audit (IA) Interest forum event scheduled for 9 April. These events are specifically tailored for professionals occupying pivotal roles in internal auditing. It's important to emphasize that this forum is accessible to individuals currently holding either new or existing positions as Internal Audit Heads.
Overview:
The IIA NZ Heads of IA Interest workshop is a platform crafted to unite senior professionals who lead internal audit teams as Heads of. This gathering is integral to elevate conversations at this level, provide thought leadership, and discuss crucial topics at a senior level. These forums also align with the new Global IIA Executive Leadership Programme as a NZ initiative; therefore, we encourage anyone holding a position as an Internal Audit Head to attend. This event will provide valuable opportunities to learn, network, and participate in discussions led by senior leaders in the Internal Audit profession.
Registrations are now open for this event and they will close on 4 April 2024.Discover the power of effective communication in our intensive Business Writing Essentials workshop-a transformative experience designed for professionals who incorporate writing into their roles. In just one day, you'll gain a practical set of plain-language techniques to craft compelling, reader-friendly, and highly effective documents, spanning from concise emails to strategic reports. The unique feature of this workshop is the hands-on application of these techniques to your own documents during the session.
You'll explore why clear writing and clear communication are vital for internal auditors and the particular challenges you face as a profession. For example, you'll explore how to deliver bad news, maintain focus on desired outcomes, and persuade people to engage positively with the audit process or other initiatives.
This workshop is ideal for both foundational learning and continued education for seasoned professionals. Seize the opportunity to enhance your writing skills!
Open to IIA NZ members and non-members, this one-day workshop is taking place on Thursday 22 February 2024, exclusively online. Delivered for IIA NZ by New Zealand's leading plain language consultancy, Write Limited.
Additionally, note that this workshop serves as a prerequisite for the Advanced Report Writing and Critical Thinking Skills Workshop (IIA NZ Writing Programme Part 2), scheduled to take place in May 2024.
As we kick off the new membership tenure period starting on 1 January, and with membership renewal invoicing distributed before Christmas, we want to highlight the importance of maintaining accurate profile and contact information. This ensures a smooth process in receiving your membership renewal invoice and enables us to deliver pertinent information tailored to your professional needs.
To access important updates and resources conveniently, please log in to your membership account at https://iianz.org.nz/Site/my-iia/.
Maintaining up-to-date details is essential to avoid missing out on crucial communications and opportunities within our vibrant community. Moreover, please take a moment to check your profile communication preferences checklist to ensure you receive our monthly newsletters, event notifications, etc.
For step-by-step guidance on accessing information through this platform, please visit our Troubleshooting page.
The IIA NZ will be hosting a number of events in the coming months aimed at students looking to pursue a career in Internal Auditing. Keep an eye on the Events Calendar HERE.
These events will be open and inclusive, welcoming anyone with an interest in delving deeper into Internal Auditing and potentially joining IIA NZ as a student.
For FREE Student Members information please CLICK HERE!!!
Student membership is for individuals engaged full time in the study of internal auditing or related courses at college, technical institutes or universities who cannot qualify as either an Individual member or an Associate.
Please contact IIA NZ if you are interested in student membership.
The IIA NZ Ambassadors are a group of dedicated individuals who passionately represent the Institute of Internal Auditors in their respective regions. Their commitment lies in fostering engagement, enhancing communication, and championing the significance of the internal audit profession at a local level.
Auckland and the Upper Region:
Tejot Bhasin
Irina Kiselyova
Hamilton and Central Region:
Aaron Steele
Grace NG
Wellington and Lower North Island:
Mary Mwangi
Georgia Yenge
Canterbury and Upper South Island:
Sonja Healy
Join us in strengthening our community with the IIA NZ Ambassadors.
To read more, CLICK HERE
In this fast-paced world, we believe in the power of connection and the spark of engagement.
Join us on an exhilarating digital journey, and let's set it ablaze together! Now is the moment to dive in!
LinkedIn:
We encourage you to link up with us on our official LinkedIn Company Page for updates, articles, and networking.
For profound conversations, dive into our exclusive LinkedIn Member Connect (Closed Group)
If you're on the CIA path, ignite your journey by becoming a part of our LinkedIn IIA NZ CIA Study Group
Facebook:
Feel the energy on Facebook. Explore exciting events and enriching content: Facebook
IIA NZ Member App:
It's your gateway to an enriching world of resources and real-time knowledge. We encourage you to unlock the IIA NZ App to fuel your professional growth.
Share the Spark:
We invite you to connect with us, and let's inspire others to be a part of our dynamic community. Together, we'll fan the flames of conversation and connection!
We encourage you to embrace the digital revolution with IIA NZ. Connect, engage, and let's light it up!
Remember Me:
A "Remember Me" checkbox has been added to the IIA NZ Member login screen for all board areas and My IIA. Please check this box next time you are asked to login and you will stay logged it. Hassle Free!
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In collaboration with AuditBoard, the Chartered IIA has released Supply Chain ESG Risks: Harnessing the Potential of Internal Audit, the first report in a two-part series. This report highlights the role of internal audit in aligning supply chain operations with ESG values, targets, and overall business strategies.
Download the full guide to learn:
The new Standards come into force 12 months from release, so you have time to plan your transition.
Over the coming months, IIA Members can expect to see:
Changes are coming to the CIA exams in 2025. IIA Certifications will publish the new CIA syllabi to align with the new Standards no later than May 2024. IIA NZ will advise you with further information on this later in 2024.
IIA CIA Challenge Exam applications open on 1 April with a 180 day window, and the exam is available in either June or August. The next application window begins on 1 September, aligning with exam sessions scheduled for November and February.
To initiate the process on 1 April, start by applying through CCMS for preliminary approval. Once approved, you can progress to the next stage and receive comprehensive details on pursuing this qualification.
The CIA Challenge Exam provides a unique opportunity for you to join the ranks of over 185,000 CIAs who have earned this esteemed global certification. If you hold an active CPA or CA designation, this is your chance to attain the Certified Internal Auditor® (CIA®) designation through an expedited route.
Key Highlights:
To learn more about the CIA Challenge Exam, please visit The IIA Challenge Exam options here and check out the FAQs here.
To keep pace with developing trends and the ever-changing risk landscape, it is essential for IIA certification holders to regularly enhance their knowledge, skills, and competencies through continuing professional development. Certification holders renew their certifications annually and demonstrate their commitment to keeping their knowledge current and their skills sharp by earning and attesting to continuing professional education (CPE) credit hours throughout the year.
Certification Renewal Requirements
Annual Certification Renewal opens 1 October each year. Log in to the Certification Candidate Management System (CCMS) to begin your renewal.
The renewal deadline is 31 December each year. Should you fail to renew your Active certification, it will enter a Grace status, and as a result, you are no longer approved to represent yourself as a certified individual. Individuals remaining in Grace for 2 years will enter a Revoked status and must reapply and retest if they wish to become certified again.
As an IIA certified or qualified professional, you are responsible for ensuring that your certification is renewed annually. You must log in to CCMS to complete your certification renewal.
For further information, please refer to the Global IIA Annual Certification Renewal Policy document. (see attached).
What is changing?
The most significant policy change is that once a certification is expired, it cannot be reinstated. The certification is revoked if the holder goes 3 years or longer without reporting CPE. If an individual with a revoked certification wishes to become certified again, they must reapply to the certification program and pass all required exams to recertify.
For further details, please refer to the summary of changes and certification status table available on the Global IIA website.
Join us in contributing to the development of the Global Benchmarking Tool, a platform designed to gather insights that help organisations gain a deeper understanding of how their internal audit function compares to peers across the globe.
Your active participation is crucial to the success of this benchmarking tool. We kindly request your involvement in this valuable research effort. When answering questions related to valuation, please use your organisation's primary currency. It is estimated that completing the tool will require approximately 20 minutes of your time.
Click here to access the survey.
At the heart of our efforts is the commitment to safeguarding your privacy. The IIA adheres to a strict privacy policy when collecting and processing data from website users. Rest assured that personally identifiable information will not be linked to organisational data. If you choose to share your contact information at the conclusion of the tool, such as your name and email address, it will remain entirely separate from the organisation's data. Please note that once responses are recorded, the entered data cannot be removed due to the anonymous nature of the information provided. Aggregate non-personal data collected may be shared with our trusted partners and affiliates. The data provided by respondents will be anonymous.
It's important to emphasize that only one submission per organisation is requested to maintain the integrity of the benchmarking process.
Should you have any enquiries or require assistance regarding the Global Benchmarking Tool, please feel free to reach out to us at research@theiia.org.
Thank you for being a part of this significant research initiative.
Job Opportunities in Internal Auditing and Risk Management
Looking to hire talented professionals in the field of internal auditing and risk management? Want to reach a targeted audience of skilled individuals who specialise in these areas? Look no further!
IIA NZ Job Advertisements: Connecting You with Top Talent
The Institute of Internal Auditors New Zealand (IIA NZ) offers an exclusive platform for both members and non-members to advertise job openings related to internal auditing and risk management. Whether you're seeking seasoned experts or fresh talent, our network is the ideal place to showcase your opportunities.
Interested in Advertising?
For more details about advertising job opportunities through IIA NZ, please reach out to Nyssa Edgecombe, IIA NZ Events Manager, at events@iianz.org.nz. Nyssa can provide you with information about pricing, submission guidelines, and the process of showcasing your openings to our engaged community.
Submission Deadline for the Monthly Newsletter:
To ensure your job listings reach our members and subscribers, please connect with us and submit your advertisements before the 20th of each month. This will guarantee your opportunities are featured in the upcoming IIA NZ newsletter.
Join us in connecting with the best internal auditors and risk professionals in New Zealand. Advertise your job opportunities with IIA NZ and open the door to a world of talent!
For all IIA NZ related training and events, please reach out to Nyssa Edgecombe, IIA NZ Events and Support Manager, at Ph: 04 384 8840, extension 2, or via E: events@iianz.org.nz.
IIA-Australia has recently upgraded their website. If you experience any issues with registering for an Online Classroom, please download the registration form on the IIA-Australia event listing, and email it to training@iia.org.au . For assistance with registering for Online Classrooms, please contact training@iia.org.au
Join the Institute of Internal Auditors New Zealand (IIA NZ) and unlock a world of benefits! Here are the top three advantages you can enjoy by becoming a member:
Professional Development: As an IIA NZ member, you'll have exclusive access to a wide range of professional development opportunities. Benefit from our training and education programmes designed to enhance your skills and expand your knowledge. Stay ahead of the curve with the latest industry resources and stay informed about cutting-edge advancements in the internal auditing profession. By continuously improving your expertise, you'll become a sought-after professional in your field.
Career Advancement: Membership in IIA NZ is an excellent way to gain a competitive edge in today's job market. Employers value individuals who are committed to upholding professional standards and ethics, and being a member of IIA NZ demonstrates exactly that. By joining our institute, you'll increase your visibility to potential employers and expand your professional network. Additionally, take advantage of our exclusive job-hunting service, where members are notified of job vacancies before they are made public. This can give you a head start in pursuing exciting career opportunities.
Community: Joining IIA NZ means becoming part of a vibrant community of internal auditors. Connect with like-minded professionals who share your passion and drive for excellence in the field. Collaborate and exchange ideas, experiences, and best practices to further your professional growth. The IIA NZ community provides a supportive environment where you can receive guidance, seek mentorship, and establish valuable connections that can prove invaluable throughout your career.
To learn more about the IIA NZ Members, CLICK HERE
