Membership Types

Three main types of membership

Individual Membership

INDIVIDUAL MEMBERSHIP

1. Honorary Member

A conferred status upon persons who:

  • By virtue of their esteemed position and standing in public or business life would enhance the stature of the Institute, or
  • Have, in the opinion of the Board rendered exceptional service to the Institute or internal audit profession.

2. Fellow Member
“Fellow Member” refers to a conferred status upon persons who have achieved distinction in their profession and who have made valuable contributions to internal auditing and/or to the Institute provided that the conferees:

The designatory letters of Associate Member are AIIA which stands for The Institute of Internal Auditors Malaysia.

  • have been a Professional member of the Institute for at least (10) years;and
  • have had at least five (5) years of internal auditing experience in a senior position or an academician of good standing;and
  • have rendered exceptional services in the areas of development, promotion and enhancement of the internal auditing profession and the Institute; and
  • have been recommended by the Awards Conferment Committee and approved by the Board of Governors.

The designatory letters for Fellow Members are C.F.I.I.A which stands for Chartered Fellow of The Institute of Internal Auditors Malaysia.

3. Professional Member

A class open to persons in private and government employment who are performing internal audit functions, no matter what the titles such persons or departments are designated, provided that:

  • At least 3 years of professional working experience and training in internal auditing and possess any of the  professional qualifications from IIA, CPA, CIMA, ACCA, CISA, AlA, ICSA (This list may be varied, as approved by Global  IIA).

The designatory letters for Professional Member are CMIIA which stands for Chartered Member of The Institute of Internal Auditors Malaysia.

4. Associate Member

A class open to persons who are engaged in fields related to internal auditing or have such interests but who do not qualify for membership under “Professional Member”. Any person who by virtue of being non-resident in Malaysia for a temporary period, may opt for associate membership for the duration.

The designatory letters of Associate Member are AIIA which stands for Associate Member of The Institute of Internal Auditors Malaysia.

5. Student Member

Refers to a class open to those engaged in the study of Internal Auditing or related courses who do not qualify for membership as “Professional Member” or “Associate Member” provided that no University or College student may be admitted as a member without the prior permission of the University authorities concerned.

Corporate Membership

CORPORATE MEMBERSHIP

Refers to a class open to organisations or companies who nominate employees as their representative. Any Corporate Company that is incorporated under the Companies Act 1965 or any Act of Parliament or Special Act may become a corporate member of IIA Malaysia by application and observe the Memorandum and Articles of Association of the Institute. The corporate member may nominate nominees and individual members from staff of the Internal Audit Department or members of the Audit Committee.

Terms of Nomination for Nominees

Must be existing employees of the Internal Audit Department of the Corporate Member, and/or members of the Audit Committee of the same organisation.

Terms of Nomination for Individual Members

Must be existing employees of the Internal Audit Department of the Corporate Member, and/or members of the Audit Committee of the same organisation but are non-members of the Institute at the point of application.

May enjoy the benefits of the Institute simply by quoting the Corporate Membership Number upon request.

Possess the necessary qualifications required under the existing categories of individual membership, i.e. Professional Member or Associate Member.

Are not allowed to use designation CMIIA which stands for Chartered Members of the Institute of Internal Auditors Malaysia and AIIA which stands for Associate Member of the Institute of Internal Auditors Malaysia respectively.

Are allowed to use designation CMIIA which stands for Chartered Members of the Institute of Internal Auditors Malaysia or AIIA which stands for Associate Member of the Institute of Internal Auditors Malaysia respectively.

Do not have voting rights at the Annual General Meeting of the Institute.

Professional Members have voting rights.

Are not allowed to sit on the main Board of Governors of IIA Malaysia. They may however, serve on any of the sub-committees.

Are allowed to sit on the main Board of Governors of IIA Malaysia. They may also serve on any of the sub-committees.

Deletions (without substitution) of names of nominees should be notified through written notice.

Deletions (without substitution) of names of individual members should be notified through written notice. No refund of annual subscription will be made.

May be transferable with changes and/or addition in employees in the Internal Audit Department and/or member of the Audit Committee.

An organisation can withdraw the name of any of its individual members and substitute with another eligible employee.

For the substitution of sponsored individual:
• It is effective from the start of the next financial year of IIA Malaysia and admission fee is waived for the substitute

A nominee nominated by an organisation ceases to be a nominee if his nomination is withdrawn

An individual sponsored by an organisation and admitted to membership ceases to be a member of the Institute if his sponsorship is withdrawn. The individual may apply to the Institute to continue as a member, in his own right, by paying appropriate subscription fees.

Corporate Member with Subsidiary Companies
The Corporate membership is determined by the nature of function of the Internal Audit Department.

If the department provides internal auditing services to the:
• Holding Company and its Subsidiary Companies with common or different members of the Audit Committee, all members on this group shall be entitled to claim the benefits.
• Holding Company only, the benefits only be enjoyed by the members of the Holding Company. The members of the Subsidiary company should have its own membership.

Audit Committee Membership

AUDIT COMMITTEE MEMBERSHIP

OBJECTIVES

The Audit Committee Membership is introduced with the following objectives:

To: provide audit committee members with a forum for exchanging ideas and expertise;*
To: enhance the knowledge and awareness of audit committee members on latest developments;*
To: provide a venue for the audit committee members to get more information or put forward queries.*

relating to internal auditing, risk management and corporate governance issues

MEMBERSHIP ELIGIBILITY

Membership is open to any director who fulfills the following conditions:

Must be a company director (executive or non executive) who has been or is currently serving as a member of the board of audit  committee;


Application must be accompanied by a letter of confirmation from the company secretary to confirm that the candidate was  or is a director of the company and a member of the audit committee.

DESIGNATION

Audit Committee Members are permitted to use the designatory letters CACD which stands for Chartered Audit Committee Director of The Institute of Internal Auditors Malaysia whilst they remain members of the Institute.