In­ter­nal au­di­tors urged to em­brace dig­i­tal tech­nol­ogy

The Sun (Malaysia) - - MEDIA & MARKETING -

THE In­sti­tute of In­ter­nal Au­di­tors Malaysia (IIA Malaysia) urges in­ter­nal au­di­tors to be equipped with the nec­es­sary skillsets to man­age the chal­lenges of busi­nesses go­ing dig­i­tal. This en­cap­su­lates the 2016 Na­tional Con­fer­ence themed “Nav­i­gate Waves of the Dig­i­tal Rev­o­lu­tion”, held ear­lier this month.

As the body lead­ing in­ter­nal au­di­tors, IIA Malaysia ad­vised au­di­tors to be pre­pared for the changes about to take place, if not al­ready tak­ing place, as busi­nesses evolve. While day one ad­dressed the topic and what to ex­pect, day two pro­vided in­sights into the po­ten­tial threats and sug­gested learn­ing from emerg­ing tech­nolo­gies and busi­ness mod­els.

Re­it­er­at­ing how dig­i­tal tech­nol­ogy is be­com­ing more rel­e­vant in busi­nesses to­day was IIA Malaysia pres­i­dent Lucy Wong. She re­minded those who in­tend to stay rel­e­vant to im­prove their skillsets now.

Echo­ing her sen­ti­ments was Au­di­tor-Gen­eral Tan Sri Am­brin Buang. “The dig­i­tal era has opened up new op­por­tu­ni­ties to rein­vent the busi­ness model and how we in­ter­act with cus­tomers. How­ever, each busi­ness needs to pri­ori­tise its ap­proach based on its unique mar­ket dy­nam­ics and rel­a­tive dig­i­tal ma­tu­rity. Fur­ther­more, as dig­i­tal be­comes in­creas­ingly core to busi­nesses, there are pres­sures to en­sure the gover­nance in all as­pects of the busi­ness re­mains a cor­po­rate agenda,” he said.

The Na­tional Con­fer­ence 2016 was a two-day con­fer­ence held in Kuala Lumpur.

It was or­gan­ised by the IIA Malaysia and fea­tured a num­ber of speak­ers from both the gov­ern­ment and pri­vate sec­tor shar­ing their views and knowl­edge on pre­par­ing in­ter­nal au­di­tors for the chal­lenges ahead. For more in­for­ma­tion, visit the IIA Malaysia web­site.

From left: IIA Malaysia board mem­bers com­pris­ing sec­re­tar­iat ex­ec­u­tive direc­tor Nur Hay­ati Ba­harud­din, vice-pres­i­dent Mohd Khaidzir Sha­hari, Wong and vice-pres­i­dent Alan Chang Kong Chong at the press con­fer­ence.

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