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

  • 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.
  • Do not have voting rights at the Annual General Meeting of the Institute.
  • Are not allowed to sit on the main Board of Governors of IIA Malaysia. They may however, serve on any of the subcommittees.
  • Deletions (without substitution) of names of nominees should be notified through written notice.
  • May be transferable with changes and/or addition in employees in the Internal Audit Department and/or member of the Audit committee.
  • A nominee nominated by an organisation ceases to be a nominee if his nomination is withdrawn.

  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.
  • Possess the necessary qualifications required under the existing categories of individual membership, i.e. Professional Member or Associate Member.
  • 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.
  • Professional members have voting rights at the Annual General Meeting (AGM) or Extraordinary General Meeting (EGM) of the Institute.
  • 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 individual members should be notified through written notice. No refund of annual subscription will be made.
  • 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 are not entitled to the benefits. Each subsidiary company should have its own membership.