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Eligibility
Any Corporate organisation in India (hereafter called the
'Organisation') having an established Internal Audit activity/department
with at least two employees and desirous of enrolling them,
and their substitutes from time to time, each of whom must
be eligible for admission as member of IIA-I under its existing
categories of individual membership viz., ("Member"
or "Associate Member") is eligible to apply under
the CSM scheme.
Individuals nominated by the Organisation will be required
to verify their eligibility and declare their adherence to
IIA's code of ethics, a copy of which will be supplied by
IIA- to the organisation. It will also receive, free of charge,
one copy each of IIA's "Statement of Responsibilities
of Internal Auditing" and "Standards for the Professional
Practice of Internal Auditing" which it may reproduce
at its cost solely for the purpose of making these available
to the individual members of IIA-I sponsored by it from time
to time.
Applications for Membership
The organisation desiring to sponsor its eligible individual
nominees for membership under the CSM category shall submit
their applications in duplicate in the prescribed form, which
is available from the chapters of IIA-I, the applicable admission
fee and the first annual subscription to the chapter of IIA-I
(currently there are five Chapters at, in order of their formation,
Mumbai, Bangalore, Delhi, Kolkata and Chennai) of which it
desires those individuals to be members, and specify the addressee
to whom all communications for the sponsoring organisation
as well as the nominated individual members should be addressed
by IIA-I.
The Chapter of IIA-I to which the application is made, in
liaison with the office of IIA-I as required will process
the application and record the membership of the eligible
sponsored individuals and commence providing them (through
the organisation) the services available to members.
Fee Structure
| (Amount in
Rupees) |
| Category |
No.
of Members |
Admission
Fee |
Annual
Fee (1st Jan - 31st Dec.) |
| I |
1-5 |
5,000/- |
5000/- |
| II |
6-20 |
12,000/- |
5000/-
+ 900 per member above 5 |
| III |
21-above |
18000/- |
18,500
+ 800 per member above 20 |
Substitution of Sponsored Members by the
Organisation
An organisation desiring to withdraw the name of any of its
nominee and substitute its by that of another eligible individual
employee may do so, and such substitution shall take effect
from the start of the next accounting year of IIA-I following
the receipt of such intimation, without payment of further
admission fee for such substitute, provided the organisation
had submitted the substitute's application form referred to
in para 2 along with the declaration referred to in a para
1(2) and a transfer registration fee of Rs.50 in respect of
each such substitution.
Membership Certificate
IIA, through the concerned chapter, will issue only one membership
certificate to the organisation, with an accompanying list
of individual members and their respective membership numbers.
Reduction in Number of Nominated Individuals
Deletions (without substitution) of names of nominees will
be effected on written intimation by the organisation, but
no refund of annual subscription will be made.
Increase over Maximum Number of Nominies under each Sub
Category
When an organisation nominates an individual for membership
over the maximum number under its then applicable Sub-Category,
so as to come under some other Sub-Category, the organisation
shall pay the excess of the admission fee payable under that
other Sub-Category over that earlier paid.
All mail to one address Intimated by the Organisation
All communications and mail, including publications, intended
for individual members admitted under the CSM category will
be sent to one addressee designated by the organisation which
shall solely responsible for forwarding its nominated individual
members unless otherwise specified in the application.
Status of Individual Member on withdrawl of Sponsorship
by the Organisation
An individual nominated by an organisation and admitted
to membership shall cease to be a member if his nomination
is withdrawn, whether or not substituted by that of another
eligible individual, but he may apply to IIA-I to continue
as an individual member, in his own right, by paying appropriate
admission fee and subscription.
Amendment of these Terms & Conditions
IIA-I and its chapters reserve the right to amend the Terms
& Conditions of its CSM Category Membership as and when
they think fit; provided that not such amendment that adversely
affects rights vested in an organisation of its sponsored
individual members subsisting at the time should have retrospective
effect.
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