Information Systems Audit and Control Association Inc

“Information systems audit and control association (isaca) maintains a membership of individuals; there is no corporate membership category. Anyone interested in the purposes and objectives of the association is eligible for membership. The vast majority of isaca members also belong to a local chapter (membership in isaca is required for anyone holding membership in a chapter). A member-at-large category exists for individuals who wish to join isaca but who live at such a distance from a local chapter that attendance at meetings is prohibitive. Student and retired member categories are offered as well. Isaca's membership is characterized by diversity. The constituents live and work in more than 185 countries and run the gamut of job titles, including information system auditor, consultant, educator, information security manager, regulator, chief information officer, internal and external auditor, compliance officer, risk manager and student. Some are new to the field, while others are at middle management levels or senior ranks. They work in finance and banking, public accounting, hospitality, health care, government and the public sector, utilities, manufacturing and retail. Isaca members embrace this diversity as providing a vast learning ground where they may delve into the challenges and opportunities faced by colleagues in other countries, positions or industries. Isaca recognizes that its members constitute an extensive and varied pool of expertise; expertise the association counts on to help provide services and products that engender credibility and capability in its constituents. The more members, the more expertise; the more expertise, the better the ability to meet constituent needs. Isaca's members are its most valuable asset.”

“Information systems audit and control association (isaca) has a nominating committee that prepares a slate of officers (international president and vice presidents) for member review. Members may submit the names of additional candidates by way of petition prior to 120 days before the annual meeting of the membership. The petition must be signed by one-twentieth of 1 percent of the members in good standing, equaling a minimum of 100 members, no more than 20 of which may be from any one chapter. If members propose additional candidates or if the nominating committee itself proposes more candidates than there are openings on the board of directors, an election is held. If an election is held, the election is conducted by mail ballot. Only those ballots received 20 or more days prior to the annual meeting are counted. Results of the election are certified by an independent professional group and announced at the annual meeting. If no additional candidates are proposed by the members, or the nominating committee's slate presents a number of candidates which does not exceed the number of openings available, the committee's slate is considered elected by acclamation.”

“Whereas not all decisions of the board of directors are subject to review and approval by the membership, certain ones are. Each year, at the annual meeting of the membership, the following items are presented to the members in attendance: - highlights of decisions made by the board over the previous year - the previous annual meeting's minutes - the treasurer's report - appointment of the association's independent auditors for the following year in addition, if the board of directors has made any revisions to the articles of incorporation or bylaws, those revisions must be presented at the annual meeting or by written ballot to the members respectively for ratification. The revisions take effect only after member ratification is attained.”

“The 2014 form 990 for information systems audit and control association (isaca) was prepared by cohnreznick llp (cohnreznick), based upon information provided by isaca. This document summarizes the review points and availability associated with the returns. The data for the return was compiled based on information prepared for the 2014 audit, as well as other accounting records. This information was submitted to cohnreznick for preparation of the returns. In addition to the financial information cohnreznick received, cohnreznick had an opportunity to raise questions about governance and other issues, and request additional information as needed. The narrative explanations of program accomplishments and policies were coordinated with the isaca director of communications and the members of the executive team. Upon completion of the return, several layers of review were conducted: - initial reviews of return: the initial review of the completed return was completed by the respective staff within the finance department. - senior management review: following the initial review, the executive team including the ceo were provided a copy of the return for comment. The ceo and sr. Director of human resources also provided an additional review of the compensation-related areas. Comments were forwarded to cohnrezncik for incorporation into the return. - volunteer review: the compensation committee was delegated the review of the compensation-related sections of the return (as outlined in its charter). A detailed review of the form 990 compensation data and the applicable supporting documentation was completed by an independent external accounting firm. The conclusions of the review were provided to the compensation committee as part of its review of the related disclosures pertaining to compensation. -- the organizations governance advisory council (gac) chair reviewed the remainder of the return. The international president was also provided the opportunity to review the return at this time. -- comments from these reviews were evaluated and provided to cohnreznick, who updated the return, if applicable. -- the board of directors was provided access to the return via the board portal (web site) prior to its filling.”

“Information systems audit and control association (isaca) has a formal written conflict of interest policy addressing instances where a third-party relationship of a paid consultant, volunteer and/or employee could in some way potentially present or appear to present a compromise related to actions and decisions made on behalf of isaca. The policy allows for remedies and/or appropriate responses based on a joint determination by isaca management and volunteer leadership of the nature and extent of the potential conflict. The conflict of interest policy is reviewed on a periodic basis by the governance advisory council (gac) and approved by the isaca board of directors. Potential conflicts of interest are documented and monitored each year, through (1) self-proclamations made by individual volunteers who sign the participation agreements required for participation in association boards, committees, subcommittees and task forces; (2) disclosure of conflicts in standard consulting agreements; and (3) disclosure by isaca employees upon hire (and annually) by review and signature of the organization's employee agreement. Consultants, volunteers and employees are encouraged to report any conflicts that may arise throughout the year. If such instances are reported, they are dealt with at that time and based on the circumstances relating to the potential conflict.”

“The compensation philosophy of information systems audit and control association (isaca), which is affirmed by the board of directors, is to provide competitive compensation and benefits coverage in support of the goals and objectives of the organization. The compensation philosophy is supported by the use of an independent compensation consulting firm and the establishment of a compensation committee composed of independent members of the board of directors (current and two immediate past international presidents). Based on the compensation philosophy, the compensation range for the ceo is developed by the compensation consultant and reported to the committee. Compensation ranges are also developed by the consultant for the executive management team with compensation variances to the ranges provided to the committee. Ranges are calculated based on position responsibilities and a compilation of published compensation surveys for defined comparative groups representative of isaca. In addition, available data from filed irs form 990s may be used to supplement the survey data utilized by the compensation committee. The final report of the compensation consultant as accepted by the committee, the compensation philosophy, and contract (if applicable) then serve as the basis for the determination compensation, consisting of base salary, total cash compensation and benefits. Determination for executive management is made by the ceo based upon the accepted compensation ranges. Determination for the ceo is made by the compensation committee itself. This process is completed on an annual basis, gathering the information necessary to evaluate the market competitiveness of isaca's compensation; provide data on executive compensation from a control and governance standpoint; and facilitate isaca's ability to attract, retain and motivate quality staff, accomplish organizational objectives and provide value to its constituents, which isaca considers critically important to its future”

“The following documents are posted to the web site and provided upon request: (1) participation agreement and intellectual property (ip) waiver, which outlines the conflict of interest policy and intellectual property ownership issues and is required to be signed by all volunteers; (2) the articles of incorporation of the organization and bylaws of the organization; and (3) the annual report. Information systems audit and control association (isaca) does not have a form 1023, but it does provide the irs letter of determination, upon request. In addition, form 990 is publicly available through guidestars web site and the illinois attorney generals web site.”

“Information systems audit and control association (isaca) serves both individuals and enterprises by being a leading global provider of knowledge, certifications, community, advocacy and education on information systems assurance and security, governance of enterprise information technology (it), it-related risk and compliance, and other topics related to ensuring trust in, and value from, information and information systems. Founded in 1969, isaca sponsors international conferences, publishes the isaca journal, conducts and publishes research, provides benefits globally to more than 130,000 members and constituents (association members and certification holders), and develops international information systems auditing and control standards. Isaca also administers the globally respected certified information systems auditor (cisa), certified information security manager (cism), certified in the governance of enterprise it (cgeit), and certified in risk and information systems control (crisc) designations. Isaca supports development, update and education activities related to cobit 5, a globally adopted business framework for governing and managing enterprise information technology and cybersecurity nexus (csx), which offers credentialing, training and career development for cybersecurity professionals at all stages of their careers.”

“Information systems audit and control associations (isaca) primary purpose is to serve its members. One way isaca does that is by helping them do their jobs better, by offering them pragmatic guidance on emerging technologies they deal with every day. In 2014, supporting documents were published to facilitate the adoption and implementation of the newest iteration of cobit-cobit 5. Publications released included risk scenarios using cobit 5 for risk and a series of 34 audit/assurance programs for the cobit 5 processes. Four white papers were issued, covering topics including the coso internal control/integrated framework and cobit, bringing the total number of white papers to 31. In addition, four longer publications in a european cybersecurity series were published. Much of the research publications are offered to members for free download as a benefit of membership. The association offers member benefits in the areas of professional development, community and leadership, and continually reviews and expands its portfolio of benefits to address the changing needs of members. Many member benefits are documented and further explained within the other responses on this form. As a result of this activity, isaca membership grew 4 percent from 1 january to 31 december 2014, with a retention rate of 81.4 percent. Five new chapters were added, taking the total number of chapters worldwide to 207.”

“Information technology (it) is a rapidly changing industry, and it demands a commitment on the part of its practitioners to learn continuously and master new skills. Certification is one way to expand one's skill set and be recognized for doing so. Holding an information systems audit and control association (isaca) professional certification demonstrates excellence in the topic and a commitment to remaining current and informed; it distinguishes an individual from his/her peers. Information systems audit and control association (isaca) offers four certifications: certified information systems auditor (cisa), certified information security manager (cism), certified in the governance of enterprise it (cgeit) and certified in risk and information systems control (crisc). In 2014, cisa celebrated its 36th year with a year-end total of more than 17,900 exam registrations. The cisa exam was available in multiple languages at more than 250 locations. The cisa designation has been earned by more than 114,100 professionals since its inception. Cism, which was first offered in 2002, ended the year with more than 5,700 candidates registered. More than 26,900 individuals have been certified since the cism program's inception. Cgeit was introduced in 2007, had more than 900 registrants for the two 2014 exams and has been awarded to more than 6,300 individuals who have a significant management, advisory or assurance role related to the governance of it. Crisc, isacas newest certification, saw more than 2,500 take its two exams in 2014. More than 18,200 professionals have already earned the crisc certification since its inception in 2010. 2014 marked the eighth year the cisa and cism certifications were accredited under international standard ansi/iso/iec 17024 from the international organization for standardization (iso), the fourth year cgeit received that accreditation, and the second year that crisc was so recognized.”

“In 2014, the information systems audit and control association (isaca) education roster included major face-to-face events such as the global computer audit, control and security (cacs) conferences; topic-specific conferences (on information security and risk management, and on governance, risk and compliance); and week-long training events focusing in-depth on one or two topics. Isaca is dedicated to monitoring the professional environment and developing new programs as needed to complement its established portfolio of events. The association has focused a considerable amount of effort on distance learning, as it provides a way to cover late-breaking topics on a timely basis and offer low-cost education to a globally dispersed audience. The online events program expanded to include quarterly webinar programs specific to geographical regions, including a spanish language event in latin america and an event in europe/africa. In addition, a cybersecurity nexus (csx) webinar series was launched with topics specific to cybersecurity. Three conferences sold out in 2014 and overall attendance was 23 percent higher than 2013. Webinar and virtual conference program registrations exceeded 100,000. Since these are free events, it made it possible for isaca members to earn a significant number of continuing professional education credits free of charge. Isaca also created and launched the cybersecurity fundamentals certificate program, which had sold-out workshops. More than 370 professionals purchased the certificate exam. As valuable as distance learning is, the benefits of small-venue, face-to-face training continues to be appreciated. In 2014, isacas onsite training programs, which enterprises can use as a low-cost, customizable ways to educate multiple employees at once, offered onsite training days to 255 percent more enterprises than in 2013, in the us and four other countries.”

“Email communication services 95,617. Exam development & administration 2,522,645. Media/public relations services 737,387. Other professional services 1,304,038. Recruiting/placement fees 267,218. Strategic consulting services 1,434,560. Temporary clerical services 8,987. Temporary personnel services 149,421. Translation services 85,350.”

“The organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.”