The Institute for Internal Controls (IIC) is the premiere professional body of internal control professionals in the world.
IIC is actively engaged in advocacy for the internal control profession, developing professional standards, conducting best practice research and providing members access to tools and resources.
IIC also supports career development and continuing professional education and offers certification and networking opportunities. For many years, IIC has advanced the careers of practitioners who make internal control and corporate governance essential for any business.
In 2003, IIC was established by a group of auditing professionals and educators.
They were concerned with the failure of the auditing and oversight professions in uncovering and preventing the high profile financial frauds that have occurred over the recent years.
After the initial meeting of the group, the Institute was incorporated in Southern New Jersey, outside of Philadelphia.
IIC has grown to over 5,000 members and affiliates since then and is now represented globally such as in the Middle East and the Asia Pacific.
The Mission of The Institute for Internal Controls is to promote an effective internal controls environment by enhancing the implementation of good internal control procedures in order to:
- Deter and detect fraudulent activities;
- Reduce waste and abuse; and
- Increase efficiency, effectiveness, and economy of operations.
To accomplish our mission, The Institute for Internal Controls:
Provides the professional certification of CICA and CCS to auditing and control specialists who demonstrate the highest skills in internal controls;
- Sets the highest standards for admission and designation as a CICA and CCS;
- Provides leadership to inspire confidence in the integrity, objectivity, and professionalism in the auditing profession and in the designation of CICA and CCS;
- Requires all members to adhere to a strict Code of Ethics and Code of Conduct; and
- Requires mandatory Continuing Professional Education (CPE) for continued certification.
All members of The Institute for Internal Controls must meet the rigorous criteria for admission. Thereafter, they must exemplify the highest professional, moral and ethical standards and must agree to abide by the Code of Professional Ethics and the Code of Professional Standards. Specifically each member of shall:
- Demonstrate a commitment to professionalism and due diligence in the performance of his/her duties.
- Not engage in any illegal or unethical conduct, or any activity, which would constitute a conflict of interest.
- Exhibit the highest level of integrity in the performance of all professional assignments and will accept only assignments for which there is reasonable expectation that the assignment will be completed with professional competence.
- In conducting audits, reviews, examinations, etc., will obtain evidence or other documentation to establish a reasonable basis for any opinion rendered.
- Not reveal any confidential information obtained during a professional engagement without proper authorization.
- Will reveal all material matters discovered during the course of an audit, review, examination, etc., which, if omitted, could cause a distortion of the facts.
- Strive to increase the competence and effectiveness of the professional services performed under his/her direction.
