Auditors in Cayman have launched a local chapter of the Institute of Internal Auditors.
The IIA is an international professional association of 170,000 members with global headquarters in Altamonte Springs, Florida, and recognised for certification, education, research and technical guidance supporting the internal audit profession.
The local chapter was approved by the group’s North American board on 11 April.
The Cayman Chapter held its first meeting in August 2010 at Grand Old House and through networking has attracted professionals within the Islands.
Securing the international registration means that chapter members no longer have to subscribe to other Caribbean, US or British chapters in order to procure membership benefits. The local chapter will allow members to hold international seminars on behalf of the IIA and provide local professionals with information on international trends through exposure to the latest research and industry articles.
It will also give chapter members a voice with national and international regulators, legislators and organisations.
The IIA Certified Internal Auditor designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field. IIA also offers three specialty certifications: Certification in Control Self-Assessment, Certified Government Auditing Professional and Certified Financial Services Auditor.
The chapter hopes to expand its membership through continued promotion across the various industries and aims to partner with an institution to launch a test centre in the Cayman Islands.
During May, the chapter will promote awareness of the internal audit profession and its importance within the organisation, internal control, risk management and corporate governance.
The chapter’s founding board is comprised of President Violet Watiri (Silver Wheaton (Caymans) Ltd), Vice President Rachell Salao (CUC), Secretary Nanalie Cover (Maples and Calder) and Treasurer Hellen Chemeli (KPMG).
For more information about the IIA visit www.theiia.org and to learn more about The IIA Cayman Chapter, email [email protected]