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Virtual Conference 2020

As we stepped into 2020, the pace of change was sharply accelerated by the onset of Covid-19 that upended entrenched mindsets and practices. Internal audit is now faced with a vastly different risk landscape that also offers opportunities to enhance organisational value-add. The line-up of the inaugural Virtual Conference, themed “Looking into the Future” was aimed at supporting internal auditors in navigating the challenges arising from the Covid-19 disruption.

Over 800 participants attended the conference, which entailed three half-day sessions on 15, 22 and 29 October. The Guest-of-Honour for the Public Sector session on 22 October was Ng Chee Khern, Permanent Secretary, Smart Nation and Digital Government, Prime Minister's Office who highlighted the value of internal audit as guardians of public trust in his opening address. Richard Chambers, President & CEO of IIA Global and Marcus Lim, Executive Director, Banking Department I, Monetary Authority of Singapore delivered the keynote address for the General session and Financial Services session on 15 and 29 October respectively.

Covid-19 is altering the internal audit profession in terms of how risk is assessed, how audit work is carried out and where internal auditors work. Over the past three weeks, speakers have shared their views on wide ranging topics such as cybersecurity, performance auditing, data security audits, enterprise risk management 2.0, Three Lines Model, environmental, social and corporate governance, leadership resilience, and the setting up of a digital bank for the digital generation.

With the new normal, internal auditors must demonstrate their resilience and adaptability by partnering with their business units to anticipate risks and adding value by providing insight and foresight and seize the opportunity to reinforce the value that internal audit delivers.

A big thank you to our sponsors for their support: DBS and Tableau (Platinum); KPMG, OCBC Bank, RSM, PwC and UOB (Gold).