Cyprus Institute of Internal Auditors

ABOUT IIA CYPRUS

The Cyprus Institute of Internal Auditors (IIA Cyprus) was founded in 1998 as a non-profit organization. The founding members were 41 at the time and since then it has grown to 567 members who come from a diverse business background, such as, the government sector, the state-owned enterprises, the local authorities, the banking and the cooperative societies sector, the financial and consulting services sector, the industry and the private sector, including listed and unlisted companies.

IIA Cyprus is a full voting member of the Global Institute of Internal Auditors (IIA Inc) since its founding, originally as a Chapter and subsequently as an Institute. IIA Cyprus is also a full voting member of the European Confederation of Institutes of Internal Auditing (ECIIA) since 2000.

IIA Cyprus leadership

The Management Board is the governing body of the IIA Cyprus. The Management Board is made up of ten (10) volunteer members, the President, the Vice-President, the Secretary, the Treasurer and six (6) Board members. They are responsible for setting the strategic direction of the IIA Cyprus and for developing goals and objectives. They are accountable to the members for the Institute’s progress. They are elected by the members for a two-year term at the General Meeting. Meetings of the Management Board are held once a month.

To help discharge its oversight responsibilities, the Management Board nominates three (3) members as the Audit Committee of the Board. Also, a number of Sub-Committees have been created to support the Management Board in fulfilling their management and operational tasks. All the positions of the Sub-Committees are held by members of the IIA Cyprus for a two (2) year term, on a volunteer basis.

ARTICLES OF ASSOCIATION