[Congressional Record Volume 162, Number 113 (Wednesday, July 13, 2016)]
[Extensions of Remarks]
[Pages E1098-E1099]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  HONORING THE 75TH ANNIVERSARY OF THE INSTITUTE OF INTERNAL AUDITORS

                                 ______
                                 

                        HON. K. MICHAEL CONAWAY

                                of texas

                    in the house of representatives

                        Wednesday, July 13, 2016

  Mr. CONAWAY. Mr. Speaker, I rise today to recognize and congratulate 
the Institute of Internal Auditors (IIA) as they celebrate their 75th 
anniversary.
   The art of auditing goes back centuries, but 1941 marked the 
beginning of concerted efforts to make internal auditing a recognized 
practice and fixture amongst governing bodies and management. In late 
1941, IIA was incorporated and shortly thereafter, 24 internal auditors 
gathered in New York City to begin what would become a growing success 
across the decades. Currently, IIA has more than 180,000 active members 
worldwide, with 63,000 members residing here in the United States. 
Although the professional association has expanded over the years, the 
IIA remains committed to their goal of promoting the core principles, 
best practices, and highest ethical standards of internal auditing.
   The words ``internal audit'' may sound strange and unfamiliar to 
most people. However, internal auditors play an important role in our 
society. As I have expressed in the past, auditors are required to tend 
``the stream,'' protecting the people by ensuring pollutants--or poor 
standards and practices--do not corrupt the free-market system. While 
their work is often unnoticed by the public at large and little thanks 
come their way, internal auditors' work in public and private 
organizations throughout the U.S. is integral to a smooth-running, 
prosperous society that benefits everyone.
   It was this spirit of custodianship, dedication, and service that 
IIA has built and maintained over 75 years.
   As a CPA, I understand the vital role that internal auditors play in 
maintaining accountability and transparency within our federal, state, 
and public institutions. Internal auditors provide independent 
assurances that an organization's risk management, governance, and 
internal control practices are working effectively and ethically. The 
IIA plays a pivotal part in helping auditors craft these skills through 
a variety of educational and development opportunities.
   Mr. Speaker, I ask that my colleagues join me in recognizing the 
achievements and contributions of the Institute of Internal Auditors as 
they celebrate their 75th anniversary. I wish them continued success 
moving forward as they mold the next generation of internal auditors.

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