CAEs Roundtable Discussion
On 23 February 2024, a CAE Roundtable Discussion, held in collaboration with Wolters Kluwer TeamMate, delved into the insights presented in the Risk in Focus 2024 report. This thought leadership research project analyses the top risks faced by organisations across Asia Pacific. As an essential tool for both internal auditors and audit committees, the report serves as a barometer for Chief Audit Executives (CAEs), indicating their perceived risk priorities for 2024 and beyond.
The event commenced with a presentation by Richard Dyason, the Executive Director of IIA Singapore, outlining the Risk in Focus report's key findings, particularly focusing on the top three risks for Singapore and the Asia Pacific region. Following this, the discussion, facilitated by Jennifer Ong (Chief Audit Officer at the National University of Singapore and Governor of IIA Singapore), focused on the top three risks for internal auditors. The spotlight was on cybersecurity resilience and the pivotal role of internal audit in navigating evolving threat landscapes; investing in human capital, with an emphasis on strategies for talent acquisition and development; and the role of internal audit in ensuring business continuity and building resilience in the face of disruption. Each topic brought forth valuable insights and discussions, underscoring the critical role that internal audit plays in addressing dynamic challenges across the organisation. 11 CAEs from various sectors, including the public sector, property, banking, insurance, and security, engaged in robust conversations, sharing perspectives and strategies to enhance organisational effectiveness.
The discussions during the roundtable underscored the pivotal role of internal audit in navigating the dynamic risk landscape, highlighting its importance in an environment where risks are evolving. The insights shared and strategies discussed not only contribute to reinforcing the vital role that internal audit plays in ensuring organisational resilience but also emphasise its continuous contribution to success.
