The Cyprus Institute of Internal Auditors was founded in 1998. Today, it has more than 500 members and is governed by an elected Management Board of 10 members. The Management Board, the members of which are listed below, is supported by four subcommittees, the members of which are also listed below.

The vision of the Cyprus Institute of Internal Auditors is to be the fundamental institution that represents, promotes and develops the professional practice of internal auditing in Cyprus. Its mission is the continuous promotion and recognition of the profession, as well as the enrichment of its members’ knowledge and skills, by providing various relevant educational and training courses on a yearly basis. 

"Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Performed by professionals with an in-depth understanding of the business culture, systems and processes, the internal audit activity provides assurance that internal controls in place are adequate to mitigate the risks, governance processes are effective and efficient, and organisational goals and objectives are met."