The global financial market turmoil nestles in an increasingly volatile, uncertain, complex and ambiguous (VUCA) world, creating a pressing need for robust governance and risk management. Internal audit (IA) plays a pivotal role in helping organisations strengthen their corporate governance, internal controls and risk management framework. Moving forward in the rapidly changing political, economic, social, regulatory and technological environment, IA must broaden their scope, sharpen their skills and enhance their capabilities to add value to their organisations. This requires the rethinking and repositioning of IA to take a strategic perspective in providing assurance in business sustainability; requiring organisations to have strong ethical values, talent management, crisis management, innovative culture, cyber and info security, etc. Operating in this global environment plagued with cross boundary regulatory, economic and financial complexities, internal auditors must be market ready to take on these challenges as they assist management and boards to scale new heights in governance.
The Institute of Internal Auditors of Singapore is proud to host the Asian Confederation of Institutes of Internal Auditors (ACIIA) Conference 2016 on 17 - 18 November. Mr. Chaly Mah, Chairman of Singapore Accountancy Commission, was the guest of honour of the 2-day conference. The conference theme "Scaling New Heights in Governance" reflected the importance of organisations to strive for new heights in governance to enhance corporate performance and accountability so as to create long term shareholder value. Close to 400 audit professionals at every level of their career from across Asia and other regions have benefitted from the networking and benchmarking with peers. A panel of distinguished thought leaders spoke and shared their valuable experience, knowledge and insights to re-energise internal audit professionals with new perspectives to enable them to contribute to their organisations.
The conference ended on a joyous note with a gala dinner. During the dinner, Mr. Naohiro Mouri, Executive Corporate Officer, Chief Internal Auditor, AIG Japan Holdings, was awarded 2016 ACIIA Award Ceremony for Outstanding Contribution in Internal Auditing. IIA Singapore also celebrated her 40 Years of Progress Through Sharing with the attendees.
Click on the following for a summary of the panel discussions that went on during the conference: