2018-10-26T14:00:11-05:00 2017-12-31 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 32940 990 2017-01-01 135532538 THE INSTITUTE OF INTERNAL AUDITORS INC INST 4079371100 1035 GREENWOOD BLVD NO 401 LAKE MARY FL 32746 ANN S COHEN CFO 4079371100 2018-10-26 1 THERESA A BURDINE CPA P00362629 3217516200 108.171.131.189 2018-10-26 12:05:01 ED P 470D21C0094318DD07BB592627ECE2F18D55E3FC 7A67A8929F43FA5CC44157EC92DC964C532E0622 2017 2018-06-14 16:35:46Z RICHARD F CHAMBERS 1035 GREENWOOD BLVD NO 401 LAKE MARY FL 32746 98131619 0 X THEIIA.ORG X 1941 NY PROVIDE DYNAMIC LEADERSHIP FOR THE GLOBAL PROFESSION OF INTERNAL AUDITING.ACTIVITIES IN SUPPORT OF THIS MISSION WILL INCLUDE, BUT WILL NOT BE LIMITED TO:* ADVOCATING AND PROMOTING THE VALUE INTERNAL AUDIT PROFESSIONALS ADD TO THEIR ORGANIZATIONS.* PROVIDING COMPREHENSIVE PROFESSIONAL EDUCATIONAL AND DEVELOPMENT OPPORTUNITIES, STANDARDS AND OTHER PROFESSIONAL PRACTICE GUIDANCE, AND CERTIFICATION PROGRAMS.* RESEARCHING, DISSEMINATING, AND PROMOTING KNOWLEDGE CONCERNING INTERNAL AUDITING AND ITS APPROPRIATE ROLE IN CONTROL, RISK MANAGEMENT, AND GOVERNANCE TO PRACTITIONERS AND STAKEHOLDERS.* EDUCATING PRACTITIONERS AND OTHER RELEVANT AUDIENCES ON BEST PRACTICES IN INTERNAL AUDITING.* BRINGING TOGETHER INTERNAL AUDITORS FROM ALL COUNTRIES TO SHARE INFORMATION AND EXPERIENCES. 38 36 249 400 0 0 143204 39389 49279238 54777324 3524065 4292211 3970299 0 56916806 59108924 115479 131480 0 0 22341253 23576182 0 0 0 29125948 29020757 51582680 52728419 5334126 6380505 68663688 76342119 23584104 25555029 45079584 50787090 X THE MISSION OF THE INSTITUTE OF INTERNAL AUDITORS IS TO PROVIDE DYNAMIC LEADERSHIP FOR THE GLOBAL PROFESSION OF INTERNAL AUDITING. 0 0 TRAINING AND EDUCATION FOR INTERNAL AUDITORS PUBLICATIONS WHICH INFORM INTERNAL AUDITORS AND IIA MEMBERS OF CURRENT PROFESSIONAL ISSUES, STANDARDS, AND PRACTICES OFFERING EXAMINATIONS ON PROFESSIONAL ISSUES AND CERTIFYING THOSE WHO DEMONSTRATE ACCEPTABLE PERFORMANCE QUALITY SERVICES:THE MISSION OF QUALITY SERVICES IS TO ELEVATE THE PROFESSIONALISM WITHIN INTERNAL AUDITING. PROPER ELEVATION BEGINS AND ENDS WITH ALIGNMENT OF THE IIA'S INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF INTERNAL AUDITING, CORE PRINCIPLES, AND THE CODE OF ETHICS. OUR ASSESSMENT PROCESS IDENTIFIES IMPROVEMENT OPPORTUNITIES, COUNSEL TO THE CHIEF AUDIT EXECUTIVE (CAE) FOR SUCCESSFUL PRACTICE IMPLEMENTATION, AS WELL AS PROMOTING THE CREDIBILITY OF THE INTERNAL AUDIT ACTIVITY WITH YOUR STAKEHOLDERS. SERVICES PROVIDED:READINESS ASSESSMENT - IDENTIFIES RISKS TO CONFORMANCE WITH STANDARDS, PROVIDES A BASELINE FOR NEW CHIEF AUDIT EXECUTIVES, AND SUPPORT FOR CREATING A SUCCESSFUL QUALITY ASSURANCE AND IMPROVEMENT PROGRAM (QAIP).SELF-ASSESSMENT WITH INDEPENDENT VALIDATION (SAIV) -APPROACH MEETS THE REQUIREMENTS OF THE STANDARDS FOR AN EXTERNAL ASSESSMENT ONCE EVERY FIVE YEARS.QUALITY ASSESSMENT (QA) - THE MOST COMPREHENSIVE APPROACH SUPPORTS NOT ONLY CONFORMANCE, BUT PROVIDES AN OBJECTIVE ASSESSMENT OF THE ORGANIZATIONS INTERNAL AUDIT ACTIVITY'S EFFECTIVENESS.QUALITY ASSURANCE AND IMPROVEMENT PROGRAM (QAIP) IS REQUIRED ACCORDING TO THE STANDARDS:QUALITY SERVICES IS ALIGNED WITH THE OVERALL MISSION OF THE IIA BY PROMOTING THE VALUE THAT INTERNAL AUDIT PROFESSIONALS ADD TO THEIR ORGANIZATION, ALIGNMENT WITH THE INTERNATIONAL STANDARDS PROMULGATED BY THE IIA AND EDUCATING PRACTITIONERS ON BEST PRACTICES IN INTERNAL AUDITING.UPON FURTHER REVIEW, QUALITY SERVICES IS A PART OF IIA'S EXEMPT PURPOSE AND IT IS THEREFORE NOT REPORTED AS UNRELATED BUSINESS INCOME. 0 1 0 1 0 0 0 0 0 1 1 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 123 0 1 249 1 0 1 CA 0 0 0 0 X 38 36 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X ANN COHEN CFO 4079371100 1035 GREENWOOD BLVD SUITE 401 LAKE MARY FL 32746 J MICHAEL PEPPERS CHAIRMAN/SENIOR VICE CHAIRMAN 10.00 X X 0 0 0 ANGELA WITZANY IMM PAST CHAIRMAN/CHAIRMAN(THRU 7/17) 10.00 X X 0 0 0 LAWRENCE J HARRINGTON PAST CHAIRMAN 10.00 X X 0 0 0 NAOHIRO MOURI SR. VICE CHAIRMAN OF THE BOARD 10.00 X X 0 0 0 KAREM T OBEID VICE CHAIRMAN-GLOBAL SVCS(THRU 7/17) 10.00 X X 0 0 0 CHARLOTTA HJELM VICE CHAIRMAN - PROFESSIONAL CERTIFICATIONS 10.00 X X 0 0 0 CHARLES T WRIGHT VICE CHAIRMAN - PROFESSIONAL GUIDANCE 10.00 X X 0 0 0 J MICHAEL JOYCE JR VICE CHAIRMAN FINANCE 10.00 X X 0 0 0 FRANK O'BRIEN VICE CHAIRMAN RESEARCH(THRU 7/17) 10.00 X X 0 0 0 MICHAEL FUCILLI VICE CHAIRMAN RESEARCH 10.00 2.00 X 38400 0 0 JENITHA JOHN VICE CHAIRMAN PROFESSIONAL PRACTICES 10.00 X 0 0 0 AGUST HRAFNKELSSON DIRECTOR-AT-LARGE 10.00 X 0 0 0 CATHERINE J BLUNT DIRECTOR-AT-LARGE (THRU 7/17) 10.00 X 0 0 0 CHRISTINE MAY EE ONG DIRECTOR-AT-LARGE (THRU 7/17) 10.00 X 0 0 0 JORGE GONZALO BADILLO AYALA DIRECTOR-AT-LARGE 10.00 X 0 0 0 LESEDI LESETEDI DIRECTOR-AT-LARGE 10.00 X 0 0 0 NARENDRA KUMAR ANEJA DIRECTOR-AT-LARGE 10.00 X 0 0 0 YI-HSIN DORIS WANG DIRECTOR-AT-LARGE (THRU 7/17) 10.00 2.00 X 0 0 0 ERIC N ALLEGAKOEN DIRECTOR-AT-LARGE 10.00 X 0 0 0 JOHN BENDERMACHER DIRECTOR-AT-LARGE 10.00 X 0 0 0 RANJIT SINGH DIRECTOR-AT-LARGE 10.00 X 0 0 0 ERNESTO MARTINEZ GOMEZ INSTITUTE DIRECTOR 10.00 X 0 0 0 JEAN-MARIE PIVARD INSTITUTE DIRECTOR 10.00 X 0 0 0 JUERGEN ROHRMANN INSTITUTE DIRECTOR 10.00 X 0 0 0 MARK CARAWAN INSTITUTE DIRECTOR 10.00 X 0 0 0 OSWALDO BASILE INSTITUTE DIRECTOR (THRU 7/17) 10.00 X 0 0 0 QING XIA INSTITUTE DIRECTOR 10.00 X 0 0 0 ROB NEWSOME INSTITUTE DIRECTOR (THRU 7/17) 10.00 X 0 0 0 SAKIKO SAKAI INSTITUTE DIRECTOR (THRU 7/17) 10.00 2.00 X 0 0 0 STEPHEN J HORNE INSTITUTE DIRECTOR 10.00 X 0 0 0 JAN PETRUS OPPERMAN INSTITUTE DIRECTOR 10.00 X 0 0 0 MARCO PETRACCHINI INSTITUTE DIRECTOR 10.00 X 0 0 0 RENATO TRISCIUZZI INSTITUTE DIRECTOR 10.00 X 0 0 0 HAJIME YOSHITAKE INSTITUTE DIRECTOR 10.00 X 0 0 0 NEIL FRIESER NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 JULIE LATHROP NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 HAROLD SILVERMAN NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 LAURA SOILEAU NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 BENITO YBARRA NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 ANNE M MERCER NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 KAREN BRADY NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 MICHAEL PRYAL NORTH AMERICAN DIRECTOR (THRU 7/17) 10.00 X 0 0 0 PAMELA S JENKINS NORTH AMERICAN DIRECTOR (THRU 7/17) 10.00 2.00 X 0 0 0 PRINCY JAIN NORTH AMERICAN DIRECTOR (THRU 7/17) 10.00 X 0 0 0 ROBERT B KULING NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 SETH PETERSEN NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 SHANNON J URBAN NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 NANCY HAIG NORTH AMERICAN DIRECTOR 10.00 X 0 0 0 RICHARD F CHAMBERS PRESIDENT/CEO/EX-OFFCIO 40.00 X X 644878 0 165755 ANN S COHEN SENIOR VP, CHIEF FINANCIAL OFFICER 40.00 3.00 X 325384 0 84360 CHARLES REDDING EVP, CHIEF INFORMATION OFFICER 40.00 X 435491 0 101623 HAL GARYN FORMER SR VP, CHIEF OFFR STRATEGY & DEVELOPMENT 40.00 X 354021 0 17232 WILLIAM MICHALISIN EVP, CHIEF OPERATIONS OFFICER 40.00 X 420646 0 108480 CYNDI PLAMONDON SENIOR VP CHIEF KNOWLEDGE OFFICER 40.00 10.00 X 248591 0 63586 MONICA GRIFFIN SENIOR VP, CHIEF MARKETING OFFICER 40.00 X 236344 0 76573 2703755 0 617609 53 0 1 0 NCS PEARSON INC 13036 COLLECTIONS CENTER DR CHICAGO IL 60693 PROFESSIONAL TESTING SERVICES 2326145 COMMERCIAL DESIGN SERVICES 640 DOUGLAS AVE STE 1514 ALTAMONTE SPRINGS FL 32714 DESIGN SERVICES 488580 BASIL WOLLER & ASSOCIATES LLC 43 WEDGEWOOD FOREST DR THE WOODLANDS TX 77381 QUALITY REVIEW FACILITATOR 243000 ARNOLD & PORTER KAYE SCHOLER LLP PO BOX 759451 BALTIMORE MD 21275 LOBBYIST 240000 CENVEO PUBLISHER SERVICES 2905 BYRDHILL RD RICHMOND VA 23228 PUBLISHING SERVICES 189141 12 39389 39389 CONFERENCES & SEMINARS 541900 17913144 17913144 RELATIONSHIP MANAGEMENT 541900 15217630 15217630 CERTIFICATION 541900 14722571 14722571 QUALITY ASSESMENT 541900 1937538 1937538 OTHER PROGRAM REVENUE 541900 1416528 1416528 3569913 3569913 54777324 874591 874591 42440315 39022695 3417620 3417620 3417620 59108924 54777324 0 4292211 X 86484 44996 1258777 17342168 1550123 2198664 1226450 139422 93269 240000 73425 7541986 977993 3989692 10000 1296386 7846638 2827437 1296815 229530 OTHER EXPENSES 2458164 52728419 15959343 18933661 241832 2839699 2179922 2212297 2498120 2591432 10707222 6312309 3031933 4394913 2785469 39222736 38532839 5529802 4051809 68663688 76342119 8039985 9039473 11262324 12318735 4281795 4196821 23584104 25555029 X 45051234 50787090 28350 0 45079584 50787090 68663688 76342119 X 6380505 446444 -694825 -424618 X X 0 1 X 1 0 0 0 0 12809941 219050 -219050 2344546 367448 1977098 2849308 1221060 1628248 5513368 4723801 789567 4394913 MUTUAL FUNDS 38532839 F 38532839 RESTRICTED INVESTMENTS - EMPLOYEE SAVINGS PLAN 1819463 DEFERRED PROJECT COSTS 996692 DUE FROM AFFILIATES 1235654 4051809 DEFERRED EMPLOYEE COMPENSATION 1819463 OTHER LIABILITIES 2377358 4196821 X PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE INTERNAL REVENUE CODE SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(6) AND FROM STATE INCOME TAX PURSUANT TO STATE LAW. THE INSTITUTE FOLLOWS ACCOUNTING STANDARDS RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE INSTITUTE IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2014. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES ONSITE TRAINING CLASSES, CHAPTER ALLOTMENTS, AND QUALITY ASSESSMENT REVIEW 47884 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ONSITE TRAINING CLASSES, MEETINGS, EXAM QUESTIONS, AND QUALITY ASSESSMENT REVIEW 3663364 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES ONESITE TRAINING CLASSES, QUALITY ASSESSMENT REVIEW, MEETINGS AND EXAM QUESTIONS 420671 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ONSITE TRAINING CLASSES, MEETINGS, AND QUALITY ASSESSMENT REVIEW 73938 NORTH AMERICA 1 4 PROGRAM SERVICES ONSITE TRAINING CLASSES, CHAPTER ALLOTMENTS, QUALITY ASSESSMENT REVIEW, AND MEETINGS 316222 NORTH AMERICA 0 0 GRANTS ALLOTMENTS TO IIA CHAPTERS 44996 SOUTH AMERICA 0 0 PROGRAM SERVICES ONSITE TRAINING CLASSES, MEETINGS, AND QUALITY ASSESSMENT REVIEW 8737 SOUTH ASIA 0 0 PROGRAM SERVICES MEETINGS 17784 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES E051021 - 08/06/18 09:15AM WORKSHEET SCHEDULE F 54977 1 4 0 0 1 4 4593596 54977 4648573 NORTH AMERICA JOINT TRAINING PROGRAM WITH REVENUE SHARE 5120 CASH PAYMENT NORTH AMERICA JOINT TRAINING PROGRAM WITH REVENUE SHARE 6740 CASH PAYMENT NORTH AMERICA JOINT TRAINING PROGRAM WITH REVENUE SHARE 10610 CASH PAYMENT NORTH AMERICA JOINT TRAINING PROGRAM WITH REVENUE SHARE 22526 CASH PAYMENT 4 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION PROVIDES ALLOTMENTS TO IIA CHAPTERS IN THE NORTH AMERICA REGION. 1 INTERNAL AUDIT FOUNDATION 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 591859804 501(C)(3) 75000 COMMON BODY OF KNOWLEDGE RESEARCH PROJECT LAS VEGAS VICTIMS FUND 900 S PAVILION CENTER DR STE 150 LAS VEGAS NV 89144 823323822 501(C)(3) 5000 GENERAL SUPPORT AICPA FOUNDATION 220 LEIGH FARM RD DURHAM NC 27707 136169602 501(C)(3) 5000 GENERAL SUPPORT 3 0 PART I, LINE 2: THE ORGANIZATION OVERSEES THE ACTIVITIES OF THE INTERNAL AUDIT FOUNDATION THROUGH OVERLAPPING STAFF MEMBERS. X X X 1 1 X X X X X X 1 1 0 RICHARD F CHAMBERS PRESIDENT/CEO/EX-OFFCIO 457850 0 131040 0 55988 0 163664 0 2091 0 810633 0 50000 0 ANN S COHEN SENIOR VP, CHIEF FINANCIAL OFFICER 248956 0 45100 0 31328 0 54765 0 29595 0 409744 0 25000 0 CHARLES REDDING EVP, CHIEF INFORMATION OFFICER 314628 0 69600 0 51263 0 73403 0 28220 0 537114 0 50000 0 HAL GARYN FORMER SR VP, CHIEF OFFR STRATEGY & 269228 0 39600 0 45193 0 8876 0 8356 0 371253 0 40000 0 WILLIAM MICHALISIN EVP, CHIEF OPERATIONS OFFICER 279812 0 50000 0 90834 0 73114 0 35366 0 529126 0 80000 0 CYNDI PLAMONDON SENIOR VP CHIEF KNOWLEDGE OFFICER 212668 0 34000 0 1923 0 52328 0 11258 0 312177 0 0 0 MONICA GRIFFIN SENIOR VP, CHIEF MARKETING OFFICER 201777 0 33900 0 667 0 48408 0 28165 0 312917 0 0 0 PART I, LINE 1A ON OCCASSION, THE ORGANIZATION PAID FOR FIRST-CLASS TRAVEL FOR THE DOMESTIC PORTION OF INTERNATIONAL TRIPS TAKEN BY THE PRESIDENT WHEN INTERNATIONAL BUSINESS CLASS AIRFARE WAS INCURRED. THE PRESIDENT IS AUTHORIZED FOR FIRST-CLASS TRAVEL FOR DOMESTIC FLIGHTS EXCEEDING A SPECIFIED DURATION WHEN APPROVED BY THE CHAIRMAN OF THE BOARD. THE ORGANIZATION PAID THE TRAVEL COSTS OF THE SPOUSES OF SEVEN OFFICERS TO ATTEND THE ORGANIZATION'S INTERNATIONAL CONFERENCE. REIMBURSEMENT OF TRAVEL FOR APPLICABLE SPOUSES OF OFFICERS TO ATTEND THE ANNUAL INTERNATIONAL CONFERENCE IS IN ACCORDANCE WITH THE ORGANIZATION'S BOARD POLICY MANUAL. PART I, LINES 4A-B PART I, LINE 4A - HAL GARYN, SENIOR VP & CHIEF OFFICER STRAGETY & DEVELOPMENT RECEIVED A SEVERANCE PAYMENT OF $151,824 DURING THE 2017 CALENDAR YEAR. PART I, LINE 4B - THE FOLLOWING INDIVIDUALS PARTICIPATE IN A NONQUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. EMPLOYER CONTRIBUTIONS ARE INCLUDED IN COMPENSATION ON SCHEDULE J, PT. II, COLUMN C. EMPLOYEE CONTRIBUTION AMOUNT -------------------- ------------------- RICHARD CHAMBERS $ 55,000 CHARLES REDDING 50,000 WILLIAM MICHALISIN 50,000 ANN COHEN 30,000 CYNDI PLAMONDON 30,000 MONICA GRIFFIN 25,000 -------- TOTAL $240,000 PART II THE ORGANIZATION HAS ADOPTED AN EXECUTIVE COMPENSATION SETTING POLICY APPLICABLE TO ALL DISQUALIFIED PERSONS, INCLUDING TYHE ORGANIZATION'S PRESIDENT, OFFICERS, AND KEY EMPLOYEES. UNDER THE POLICY, AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES THE COMPENSATION LEVELS OF ALL INDIVIDUALS SUBJECT TO THE POLICY. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY SUBSTANTIATED. THE COMMITTEE UTILIZES COMPARABILITY DATA IN ITS DELIBERATIONS, UPDATED COMPARABILITY DATA IS GENERALLY OBTAINED ANNUALLY. PART II, LINE 1, COLUMN D INCLUDED IN DEFERRED COMPENSATION FOR RICHARD CHAMBERS IS AN AMOUNT ACCRUED UNDER A RETENTION INCENTIVE AGREEMENT APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION IN DECEMBER 2014. THIS AGREEMENT WAS BASED UPON GUIDANCE FROM AN INDEPENDENT FIRM AS TO WHAT WOULD BE CONSIDERED REASONABLE AND CUSTOMARY FOR A CEO OF A SIMILAR ORGANIZATION. UNDER THE AGREEMENT, MR. CHAMBERS WOULD RECEIVE THS RETENTION INCENTIVE IF HE REMAINS WITH THE ORGANIZATION THROUGH THE LENGTH OF TERM OF HIS CONTRACT. IN ADDITION, HE WOULD BE ELIGIBLE FOR THE RETENTION INCENTIVE AS EARLY AS JULY 31, 2019 UNDER CONDITIONS PRESCRIBED IN HIS CONTRACT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION AND THEREFORE HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CLASSES OF THE MEMBERSHIP OF THE ORGANIZATION INCLUDE MEMBER, EDUCATIONAL MEMBER, STUDENT MEMBER, RETIRED MEMBER. ALL CLASSES OF MEMBERSHIP CAN VOTE AT MEMBERSHIP MEETINGS. THOSE MEMBERS WHO ARE CERTIFIED INTERNAL AUDITORS MAY ALSO SERVE AS OFFICERS OR DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B IF AN AMENDMENT OF THE BYLAWS OF THE ORGANIZATION IS APPROVED BY A MAJORITY OF THE BOARD OF DIRECTORS, IT MUST THEN BE APPROVED BY A MAJORITY OF THE VOTING MEMBERS BEFORE IT IS DECLARED EFFECTIVE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL AND TOP FINANCIAL OFFICIAL EACH REVIEW THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. THE FORM 990 IS ALSO REVIEWED BY THE AUDIT COMMITTEE, GLOBAL FINANCE COMMITTEE, THE NORTH AMERICAN BOARD, AND THE ENTIRE EXECUTIVE COMMITTEE OF THE ORGANIZATION PRIOR TO ITS FILING WITH THE IRS. FINALLY, A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS OFFICERS, AND ITS KEY EMPLOYEES ON AN ANNUAL BASIS. EACH SUCH INDIVIDUAL PROVIDES AN ANNUAL DISCLOSURE STATEMENT INDICATING THAT THEY HAVE RECEIVED, READ, UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY, AND CERTIFYING THAT (1) THEY HAVE NO RELATIONSHIPS OR INTERESTS THAT PRESENT A CONFLICT OF INTEREST, (2) THEY HAVE ONE OR MORE CONFLICTS OF INTEREST THAT HAVE BEEN FULLY DISCLOSED AS REQUIRED BY THE POLICY AND HAVE BEEN PROPERLY ADMINISTERED IN CONFORMITY WITH THE POLICY, OR (3) THEY HAVE PREVIOUSLY UNDISCLOSED CONFLICTS OF INTEREST AND DISCLOSING THE DETAILS OF SUCH CONFLICTS. ANY DISCLOSURE STATEMENT WITH PREVIOUSLY UNDISCLOSED CONFLICTS OF INTEREST ARE FORWARDED TO APPROPRIATE ORGANIZATION OFFICIALS TO TAKE APPROPRIATE ACTIONS AS REQUIRED BY THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ADOPTED AN EXECUTIVE COMPENSATION SETTING POLICY APPLICABLE TO ALL DISQUALIFIED PERSONS, INCLUDING THE ORGANIZATION'S CEO, OFFICERS, AND KEY EMPLOYEES. UNDER THE POLICY, AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES THE COMPENSATION LEVELS OF ALL INDIVIDUALS SUBJECT TO THE POLICY. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY SUBSTANTIATED. THE COMMITTEE UTILIZES COMPARABILITY DATA IN ITS DELIBERATIONS, UPDATED COMPARABILITY DATA IS GENERALLY OBTAINED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE OF INTERNAL AUDITORS, INC. PROVIDES, UPON REQUEST, COPIES OF ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. THE ORGANIZATION'S FINANCIAL STATEMENTS CAN ALSO BE ACCESSED VIA ITS WEBSITE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART IX, LINE 11G PROFESSIONAL TESTING 2,605,408. WRITER/SPEAKER FEES 1,278,335. AUTHOR FEES 59,965. CIA REVIEW 1,114,619. CONFERENCES 894,617. OTHER PROFESSIONAL FEES 1,589,042. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF SUBSIDIARY -424,618. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS, OR A COMMITTEE THEREOF, ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION INSTITUTE OF INTERNAL AUDITORS, INC. 1035 GREENWOOD BLVD., STE. 401 LAKE MARY, FL 32746 EIN: 13-5532538 FOR THE TAX YEAR ENDED DECEMBER 31, 2017 THE ORGANIZATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER SECTION 1.263(A)-1(F). IIA QUALITY SERVICES LLC 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 461822157 QUALITY ASSURANCE SERVICES FL 1937538 1495542 THE INSTITUTE OF INTERNAL AUDITORS INC INTERNAL AUDIT FOUNDATION 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 591859804 RESEARCH & EDUCATION IN INTERNAL AUDITING DC 501(C)(3) LINE 10 THE INSTITUTE OF INTERNAL AUDITORS INC 1 CANADIAN INSTITUTE OF INTERNAL AUDITORS 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 DYNAMIC LEADERSHIP FOR THE CANADIAN PROFESSION OF INTERNAL AUDITING CA 501(C)(6) EQUIVALENT THE INSTITUTE OF INTERNAL AUDITORS INC 1 BOARD OF ENVIRONMENTAL HEALTH & SAFETY AUDITOR CERTIFICATIONS 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 311543022 ENHANCE THE ENVIRONMENTAL, HEALTH & SAFETY AUDITING PROFESSION VA 501(C)(6) THE INSTITUTE OF INTERNAL AUDITORS INC 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 INTERNAL AUDIT FOUNDATION B 75000 FMV INTERNAL AUDIT FOUNDATION D 205322 INTERNAL AUDIT FOUNDATION O 694825 FMV INTERNAL AUDIT FOUNDATION Q 1108781 FMV BOARD OF ENVIRONMENTAL HEALTH & SAFETY AUDITOR CERTIFICATIONS Q 31859 FMV BOARD OF ENVIRONMENTAL HEALTH & SAFETY AUDITOR CERTIFICATIONS D 40437 FMV