Annual Conference 2021
The Covid 19 pandemic has disrupted the normal and accelerated the reliance on technologies and data analytics in addressing the unprecedented business risks and concurrently driven organisations to innovate their business processes to manage the risks to keep their businesses running. In light of increasing expectations from customers, stakeholders and regulators, coupled with a heightened focus on the environmental and social impact, it opens the door for internal audit functions to help businesses to add value and enhance their risk management, internal controls and governance processes effectively.
The line-up of the conference themed “Leading A Sustainable and Agile Internal Audit Function” focused on the emerging risks and trends faced by audit leaders to accelerate the transformation of their internal audit function to be sustainable and agile. Over 160 participants from the private and public sectors attended the first in-person event since the onset of the Covid-19 pandemic on 2 November 2021 at the Marina Bay Sands.
In her opening address, our Guest-of-Honour Ms Grace Fu, Minister for Sustainability and the Environment said that “internal auditors also have a role to play in helping organisations address climate change. With the responsibility to anticipate risks, advise senior leaders and provide assurance, internal auditors can help to further an organisation’s ESG goals. For example, they can evaluate whether data information on climate risk are reliable for disclosure in sustainability reporting.” Please click here for her speech. Our distinguished speakers spoke on a diverse range of topics from ESG to corporate governance, and from ransomware attack to agile auditing and data analytics.
The Institute took the opportunity to present Fellowship to three members who have achieved distinction in their profession and who have made valuable contributions to internal auditing and to IIA Singapore. IIA Singapore President Mr Koh Chin Beng presented the Fellowship certificates to Mr Nicodemus Tan, Governor of IIA Singapore and Partner, Governance and Risk of Baker Tilly and Mr Jonathan Ho, Partner, Head of Governance & Risk Services at KPMG Singapore and former Treasurer and Governor of IIA Singapore. Immediate Past President Ms Tan Boon Yen presented the Fellowship certificate to Mr Koh. Ms Debbie Goh, Secretary of IIA Singapore Board of Governors and Senior Vice President, Group Internal Audit, Fraser & Neave Group, is another recipient of the Fellowship but was unable to attend the event. Our President Mr Koh also presented the Outstanding Student Award to Mr Teh Wen Jie who was the top student in the internal audit course in Singapore Management University School of Accountancy for academic year 2020/2021.
Despite a more subdued environment with the implementation of safe management measures, the participants certainly welcomed the opportunity to engage with fellow professionals in an in-person setting!
A big thank you to all attendees, partners, and sponsors - Galvanize, a Diligent Brand; Handshakes; KPMG Singapore; PwC Singapore; RSM - Singapore; and Wolters Kluwer TeamMate, for making the event a success!