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The Institute of Internal Auditors (IIA) and Association of Chartered Certified Accountants (ACCA) have extended their existing memorandum of understanding (MoU) for an extra three years. The renewed agreement will “further strengthen and extend cooperation between the two bodies”, allowing them to continue working closely together, according to ACCA.
The MoU was signed by IIA president and CEO Anthony Pugliese, CIA, CPA, CGMA, CITP, and ACCA CEO Helen Brand, OBE.
Under the terms of the three-year agreement, The IIA and ACCA said they will focus on “advancing their members’ careers, enhancing governance practices, and serving the public interest”.
A key component of the MoU is a focus on joint research efforts across critical topics such as cybersecurity, technology and data evolution, diversity and ESG.
In 2022, The IIA and ACCA partnered on a report exploring the implications of emerging trends and rapid business transformation on internal controls. Next year, they will issue new research focused on the application of internal control concepts to sustainability and other non-financial data.
The two organisations said they are also committed to advocating for each other’s qualifications, and will use their own channels to support efforts that raise awareness and promote their respective initiatives and programs.
Pugliese said: “We are excited to extend our partnership with ACCA. 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.”
Brand added: “Over the years we’ve formed a strong relationship with The IIA which continues to benefit both memberships. 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.”
