Internal auditors urged to embrace digital technology
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.