As we draw closer to the end of this year, we look back on some of the key achievements of our Institute, made possible by your support and participation:

To view additional details of the Institute’s achievements, refer to the links below:

https://bit.ly/PresidentsReportAGMM2023

In our ongoing efforts to grow the Institute and enhance our services, we would like to inform you of an important update regarding the annual membership fee.

**Membership Fee Adjustment**

Starting January 1, 2024, the annual membership fee will increase from P2,300 to P3,000. Key considerations for this decision:

1.**Inflation:** The cost of delivering the products, benefits, and services we provide increased substantially since 2015, the last time we had an increase in the annual membership fee. This adjustment allows us to keep pace with rising operational costs and maintain our commitment to excellence.

2.**Investment in ICTRP and transformational plans.** The Board-approved 2022-2026 Strategic Goals, which included the Information, Communication, and Technology Resource Program (ICTRP), will entail major funding to support the transformational and innovation plans for the Institute.

3.**IIA Global Annual Affiliation Fee:** The affiliation fee set by the Institute of Internal Auditors (IIA) Global, which provides global standards and guidance, advocacy, and resources for internal auditors, has also increased. Aligning with this change is essential for us to continue benefiting from the international support and resources provided by IIA Global.

**What’s Next?**

We understand that this may be a significant change for some. However, we believe this is necessary to enhance the quality and sustainability of our services.

Membership means More. With the membership price adjustment, you will get MORE.

1. More learning (and CPE) opportunities
2. More involvement in research and development of IA insights
3. More socio-economic collaborations
4. More technological advancements through the ICT Resource Plan
5. More organizational development initiatives

If you have any questions about the 2024 increase, please feel free to reach out to our member support team at IIAPMASection@iia-p.org for assistance.

Thank you for your loyalty and dedication to IIAP. We value your membership and look forward to continuing to serve you and help you excel in your professional journey.

Warm regards,

IIA Philippines