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What’s In a Name?

Renamed Internal Audit Foundation aims to propel internal auditors to greatness

ALTAMONTE SPRINGS, Fla. (Oct. 17, 2016) — Entering your 40th year is typically not a time for existential angst, but for The Institute of Internal Auditors’ Research Foundation, the milestone marked an opportunity to revamp and rename an organization that has educated and supported a generation of internal audit practitioners.

Leaders of the newly renamed Internal Audit Foundation believe it reflects the broad scope of a donor-financed organization that supports scholarly research, academic excellence, and professional development in a rapidly evolving field.

“For 40 years, the Internal Audit Foundation’s mission has been to shape, expand, and advance knowledge in internal auditing,” said Foundation President Frank M. O’Brien, CIA, QIAL. “I can think of no higher professional calling, and no more important function for the Foundation at a time when business risks, technology, and the demands on internal auditing are changing at an incredible pace.”

The Foundation’s new name, logo and promotional video were unveiled today at The IIA’s 2016 All Star Conference in Las Vegas.

The Foundation has and will continue to do impactful internal audit research to meet the growing needs of the profession. Funded solely through donations from contributors and sponsors, the Foundation aims to propel internal audit leaders, practitioners, students, and academics toward career growth to become trusted advisers and thought leaders.

To accomplish this, the Foundation has set four goals:

  • Provide internal auditors and related stakeholders with knowledge and innovative insights that enhance the profession’s value proposition.
  • Promote enhancements in professional practice through the identification and selection of topical issues of interest to our global stakeholders.
  • Produce and deliver a suite of timely and relevant materials that address the needs of a broad range of key stakeholders.
  • Deploy both financial and business models that are sustainable for the Foundation.

The goals position the Foundation to not only help practitioners grow professionally and support internal audit’s stakeholders, but also to reach the next generation of internal auditors. The Foundation will continue to focus its efforts on three primary areas: sponsoring research and scholarly publishing; aligning with colleges and universities through the Internal Auditing Education Partnership program to supply programs, grants, and scholarships; and offering essential career development and thought leadership products through hundreds of titles and research papers available at The IIA Bookstore.

“The Foundation serves an integral role in The IIA’s service to more than 185,000 members around the world,” said IIA President and CEO Richard F. Chambers, CIA, QIAL, CGAP, CCSA, CRMA. “Its success over four decades in support of research, education, and thought leadership is a testament to the vision and generosity of donors who understand and appreciate its vital mission.”

About the Internal Audit Foundation

Formerly The IIA Research Foundation, the Internal Audit Foundation is the donor-supported arm of The Institute of Internal Auditors. The nonprofit Foundation conducts groundbreaking research and scholarly publishing, offers essential career development and thought leadership products through The IIA Bookstore, and works with colleges and universities through the Internal Auditing Education Partnership program to enlighten the next generation of internal auditors. For more information, visit www.theiia.org or www.theiia.org/foundation.