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Global Standard-Setting Bodies Enter Agreement

GRC Announcements | December 15, 2010
The Institute of Internal Auditors and the Professional Standards Committee of the International Organization of Supreme Audit Institutes (INTOSAI) have entered into a Memorandum of Understanding. The agreement documents the alignment of the organizations' strategic objectives, acknowledges each other's global standards, and outlines the process for ongoing collaboration and cooperation.

Recently signed by INTOSAI Professional Standards Committee Chair, Henrik Otbo, and IIA Chairman of the Board, Güther Meggeneder, this agreement supersedes a previous MOU signed in 2007, which created a structure for cooperation and collaboration between the two global standard-setting bodies. That earlier MOU also facilitated two INTOSAI Guidance for Good Governance papers: INTOSAI Gov 9140 Internal Audit Independence in the Public Sector and INTOSAI Gov 9150 Co-ordination and Co-operation between SAIs and Internal Auditors in the Public Sector, which are...

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