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Volume 1, Issue 1

April 18, 2006

The Institute of Internal Auditors Reaches Milestone with 50,000 CIA’s

Altamonte Springs, FL — The Institute of Internal Auditors (IIA) awarded its 50,000th Certified Internal Auditor (CIA) professional designation to Pamela T. Florio, a senior analyst for Cablevision Systems Corporation. Florio, a member of The IIA’s New York Long Island Chap- ter, relied on Gleim self-study books, her professional experience, and her EMBA studies at Hofstra University in Hempstead, New York to help her pass the comprehensive and challenging CIA. “Confirming the 50,000th CIA speaks volumes about the evolution the profes- sion has experienced over the years“ says IIA President Dave Richards, CIA. “The true mark of a professional is someone who has in-depth knowledge of the standards that guide his or her profession and a practical understand- ing of how to best apply these standards in their everyday practice. The IIA is

proud that 50,000 individuals all around the world have risen to the challenge of earning their CIA, the premiere profes- sional designation for internal audit practitioners globally.” The IIA has served as the standard- setting body for internal auditing for more than six decades. Founded in 1941, The Institute is committed to providing professional guidance and growth opportunities that support inter- nal auditors in their efforts to add value to their organizations. With testing delivered in 13 languages in 78 coun- tries, the CIA designation has earned global recognition as the credential that best demonstrates internal audit compe- tency. During the past decade alone, the number of confirmed CIA's has in- creased by more than 50 percent. “The intensified focus on strong corpo- rate governance and new rules and

regulations has led to an increase in demand for internal auditors,” says Richards. “Many organizations are requiring that their internal auditors be or become CIA's. Clearly, the designa- tion sets CIA's apart from the rest.” A celebration will take place at The IIA’s 2005 International Conference in Chi- cago, the second week of July, to ac- knowledge the 50,000th CIA milestone in conjunction with recognizing the or- ganization’s growth, which now sur- passes 100,000 members. Established in 1941, The Institute of Internal Auditors (IIA) serves as the internal audit profession’s global voice,

recognized authority, leader, chief advocate educator.

acknowledged and principal

“The Institute of Internal Auditors has Welcome

its 100,000th Member”

For Immediate Release Date: April 12, than six decades. Founded in 1941, The 2005 Media Contact: Trish W. Harris Institute has seen steady growth during Director, Communications & PR Phone: its entire existence, however, in the +1-407-937-1245 Fax: +1-407-937- last decade it has experienced explo- 1101 E-mail: tharris@theiia.org The sive growth, doubling its membership Institute of Internal Auditors Welcomes since 1994 and increasing its member- 100,000th Member Altamonte Springs, ship by more than 28 percent just since The Institute of Internal Auditors (The 2000. IIA President Dave Richards IIA) is celebrating the addition of¾FL attributes the growth of the organiza- its 100,000th member. The member, tion to a combination of factors. identified as Steven M. Wescott, direc- "Obviously, the Enron and WorldCom tor of auditing for Boeing’s world scandals that have emerged in recent headquarters in Seattle, Washington, is years, coupled with the passing of the one of many Boeing employees who U.S. Sarbanes Oxley Act of 2002 (SOX) have joined The IIA over the organiza- has significantly¾brought the impor- tion’s 64-year history. “Boeing’s audit tance of internal control to the spot- management team has always encour- light increasing the demand for inter- aged IIA membership and certification nal auditors," says Richards. and the company has had several indi- "However, I think the growing interest viduals who have worked tirelessly as in the profession can also be attributed volunteers to support The IIA in its to a positive realization that imple- efforts,” says Wescott. “I am proud to menting strong internal controls can join my colleagues in association with not only mitigate risks, but can help such a respected organization.” The IIA lay the groundwork for an organiza- has served as the global voice for the tion's long-term success and sustain- profession of internal auditing for more ability." Richards is optimistic about

the continued growth of the organiza- tion. “Recently, Money Magazine cited internal auditing as one of the most in- demand careers for 2005. This tells us that organizations are recognizing the value the profession provides and as a result are creating more professional opportunities for practitioners,” com- ments Richards. “With fresh faces joining the profession daily and sea- soned internal audit practitioners being recognized for their contribu- tions to organizational goals, we see the growth for The IIA as truly limit- less.” The IIA has scheduled a number of activities to celebrate the 100,000th member milestone at the organization’s International Conference, which will be held in Chicago, Ill. during the second week of July. Established in 1941, The Institute of Internal Auditors (IIA) serves as the internal audit profession’s global voice, recognized authority, acknowledged leader, chief advocate and principal educator. www.theiia.org

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sion: Objectives:

Provide in country training for Internal Auditors and Management. Promote awareness and understanding of efficient and effective internal controls . Provide opportunities to obtain the designation of Certified Internal Auditor, as well as the other certifications provided by the IIA.

To promote awareness of Corporate Governance within companies operating in the State

of Qatar.

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