ACCA and IIA renew MOU

ACCA and the Institute of Internal Auditors (IIA) have renewed their memorandum of understanding for another three years.

The two bodies have been collaborating for a number of years, and one key benefit allows ACCA members to sit a challenge exam, so they can achieve the IIA’s Certified Internal Audit (CIA) designation. The CIA is the only globally recognised certification for internal audit practitioners, and since 2015, more than 5,000 ACCA members have sat the exam.

The organisations said they will continue to cooperate on research and thought leadership on topics such as diversity, governance, cybersecurity and ESG (environmental, social and governance).

Helen Brand, chief executive of ACCA, said: “We’re delighted to be signing this new MOU with the IIA. We believe that we can develop research together that resonates with a global audience of finance professionals across different disciplines. We already have strong links with The IIA and we look forward strengthening those in a range of areas for the benefit of our memberships.”