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 188 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 (Chair, Vice-Chair and elected directors) 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 voice, electronic vote or 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 THE BYLAWS REQUIRE THE MEMBERS TO VOTE ON ANY CHANGES TO THE BYLAWS THAT (I) MATERIALLY AND ADVERSELY AFFECT THE MEMBERS' RIGHTS AS TO VOTING, DISSOLUTION, REDEMPTION, OR TRANSFER; (II) INCREASE OR DECREASE THE NUMBER OF MEMBERS AUTHORIZED IN TOTAL OR FOR ANY CLASS; (III) EFFECT AN EXCHANGE, RECLASSIFICATION, OR CANCELLATION OF ALL OR PART OF THE MEMBERSHIPS; (IV) AUTHORIZE A NEW CLASS OF VOTING MEMBERSHIP; (V) INCREASE OR EXTEND THE TERMS OF DIRECTORS; (VI) INCREASE THE QUORUM FOR MEMBERS' MEETINGS; (VII) REPEAL, RESTRICT, CREATE, EXPAND, OR OTHERWISE CHANGE PROXY RIGHTS; or (VIII) AUTHORIZE CUMULATIVE VOTING. FURTHER, WHERE AMENDMENTS TO THE BYLAWS REQUIRE APPROVAL BY THE MEMBERS AS SET FORTH UNDER THE CORPORATIONS CODE AS STATED ABOVE, THE AMENDMENT MAY BE APPROVED BY THE VOTE OF A MAJORITY OF THE MEMBERS PRESENT AT A MEETING AT WHICH A QUORUM IS MET OR BY MAIL/ELECTRONIC BALLOT.”

“The 2016 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 2016 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 applicable Directors and 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, CFO and VP, Human Resources also provided an additional review of the compensation-related areas. Comments were forwarded to CohnReznick for incorporation into the return. - Volunteer review: -- The organization's Governance Committee Chair reviewed the return. -- 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 effect (web site) prior to its filling.”

“Information Systems Audit and Control Association (ISACA) has a conflict of interest policy that defines an interested person and independent director; directs Board members and others to keep in confidence all ISACA confidential information; requires Board members and others to disclose arrangements that may propose a conflict of interest so that the Conflict of Interest Panel comprised of the Governance Committee, Board Chair and ISACA CEO may evaluate such arrangements. This policy details the procedures that must be used in considering a conflict of interest, periodic reviews of any compensation arrangements and other partnerships. Further, 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, working groups 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, should facilitate ISACA's ability to attract, motivate and retain quality staff. The compensation philosophy is supported by 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 board chairs). 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 blend of the not-for-profit and for-profit sectors, which reflects the labor market in which ISACA competes for executive talent: 60% for-profit organizations and 40% not-for-profit organizations. 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 of compensation, consisting of base salary, incentives, total cash compensation and benefits. Determination for executive management is made by the CEO based upon the accepted compensation ranges and approved by the Compensation Committee. Determination for the CEO is made by the Compensation Committee itself. This process is completed every three years except if there is a change in control, merger and/or acquisition, or other activity that changes roles and responsibilities; then performed as needed. 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 compensation philosophy, 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 guidestar's web site and the illinois attorney general's 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 related topics. Founded in 1969, ISACA sponsors international conferences, publishes the ISACA Journal, conducts and publishes research, provides benefits globally to more than 130,000 members, In 188 countries, 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), Certified in Risk and Information Systems Control (CRISC) designations, and Cybersecurity Practitioner (CSXP) designations and has more than 159,000 certification holders. 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 Association's (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 2016, 11 white papers, two books and five audit programs were issued. Nearly 500 titles and 200 downloadable items were available in the ISACA Bookstore. ISACA translated 164 items and publications into 14 non-English languages in 2016. Much of the research publications are offered to members for free download as a benefit of membership. ISACA hosted seven in-person conferences and several other training opportunities, including online learning. 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 five percent from 1 January to 31 December 2016, growing to 130,822 members in 188 countries. Three new chapters were added, taking the total number of chapters worldwide to 215.”

“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 five certifications: Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in the Governance of Enterprise IT (CGEIT), Certified in Risk and Information Systems Control (CRISC), and Cybersecurity Practitioner (CSXP) designations. In 2016, which was first offered in 1978, CISA saw a 6.5 percent increase, growing to 129,462 certification earners by year's end. The CISA exam was available in multiple languages at more than 250 locations. CISM, was first offered in 2002, saw an 11.8 percent increase this year, growing to 34,050 certification earners by year's end. CGEIT, which was introduced in 2007, saw a 5.8 percent increase this year, growing to 7,176 certification earners by year's end. CRISC, whiich was introduced in 2010, saw a 7.2 percent increase this year, growing to 21,023 certification earners by year's end. CSXP, ISACA's newest certification, was introduced in 2015. 2016 marked the tenth year the CISA and CISM certifications were accredited under international standard ANSI/ISO/IEC 17024 from the International Organization for Standardization (ISO), the sixth year CGEIT received that accreditation, and the fourth year that CRISC was so recognized.”

“In 2016, 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 included quarterly webinar programs specific to geographical regions, including a Spanish language event in Latin America and events in Europe and Africa. In 2016, in addition to CSX North America, ISACA expanded the cybersecurity conference to CSX Asia Pacific and CSX Europe. ISACA's webinar program included 44 webinars on various topics, of which more than 37,000 attendees took advantage. In 2016, ISACA launched new virtual instructor-led training, which included six live events and three recorded versions. ISACA also launched four CPE On Demand recorded video bundles and the COBIT video series. The Training Week program included 13 events presented in cooperation with Deloitte LLP. As valuable as distance learning is, the benefits of small-venue, face-to-face training continues to be appreciated. In 2016, ISACA provided 79 on-site training programs, an increase of more than 15 percent over last year, which enterprises used as a low-cost, customizable way to educate multiple employees at once.”

“Email Communication Services 99,031. Exam Development & Administration 2,792,880. Other Professional Services 4,301,576. Recruiting/Placement Fees 224,789. Temporary Clerical Services 145,220. Temporary Personnel Services 144,835. Translation Services 219,862. office admin services 47,061.”

“Information Systems Audit and Control Association (ISACA) has an Audit AND RISK Committee responsible for the oversight of the audit and selection of the independent accountant. ISACA also has a Finance Committee which assumes responsibility for oversight in the review and compilation of its financial statements.”