The nature of business risk has changed, particularly for global organisations. But whether doing business at home or abroad, risk has grown and has become more amorphous. Emerging risks, which are difficult to predict from past experience, are now reverberating across entire industries and economies. These hard-to-predict, high-impact risks can manifest themselves rapidly and exponentially over a very short period of time. They are characterised by imperfect information and potentially interdependent consequences. Aligning internal audit’s focus to the risks flowing from changing business priorities and conditions has become the central mission of forward-looking internal audit (IA) executives concerned with the future of their companies and their departments.

The value of the controls-focused approach that has dominated IA is expected to diminish. As this occurs, IA leaders must redefine the function’s value proposition and adopt risk centric mindsets if they expect to remain key players in assurance and risk management.

Given the increasing regulatory pressures along with a push for transparency, IA is now looking for better ways to organise their practice. They are looking to rebalance their audit plans to focus not only on traditional fieldwork but also addressing new concerns such as the need to monitor controls more efficiently on a wider scope, targeting enterprise wide complex risk categories, such as strategic risk.

This conference will discuss key issues, present best practices and propose solutions on tough IA problems. It offers priceless opportunities to attain a diversified spectrum of practical solutions to deal with the ever-changing issues and regulations in the IA field.

The event will tackle essential issues of a modern and global internal auditor such as they're emerging roles in targeting business risks and strategic risks while also focusing on fraud detection and prevention. The move towards corporate governance cannot be sidelined any longer and companies need to understand the potentials that can be reaped out from IA.

FOR MORE INFOMATION ON THE FULL BROCHURE & CONFERENCE BROCHURE, PLEASE CONTACT MS. LEE CHEW WAN AT LEEC@MARCUSEVANSKL.COM TODAY !

Key Topics:

- Weighing the added benefits of Internal Audit’s (IA) & External Audit’s (EA) collaboration to further enhance value

- Migrating from a predominantly finance-specific risk based auditing to strategic business risk management to tackle the diversified role ahead for Internal Audit

-  Shifting the spotlight to COSO based auditing – A ‘must’ rather than a ‘need’

- Empowering IA with the essential business intelligence components to ensure a successful GRC (governance, risk, compliance) strategy

- Changing the ‘corporate police’ mindset to establish a new wave of internal ‘consultants’ that can target and mitigate complex risk categories

- Transitioning from a traditional auditing process to continuous auditing to increase control and monitor your Key Risk Indicators (KRIs) & Key Performance Indicators (KPIs)

Key features

- Redefining the role of modern day internal auditor and optimising internal audit’s contribution through strategic risk-based auditing

- Updating risk practices for better mitigation and monitoring strategies

- Advocating better transparency in business and financial processes across your organisation

- Meeting evolving business trends and stakeholders’ expectations in addressing strategic, operational and business risks

- Sharpening your risk focus by monitoring emerging risks arising from your organisation’s activities

- Leveraging the power of technology to enhance audit efficiency

- Retaining talent and skillful auditors to cover complex risk categories

- Spotting emerging trends and challenges in the internal audit function

Target audiences:

Chief Audit Executives (CAEs), Chief Internal Auditor (CIAs), Audit committee, CEO, CFO, MDs, VPs, Directors, Division Heads, Senior Managers, Managers and specialist of:

- Internal Audit

- Internal Control

- Compliance

- Audit & Taxation

- Fraud & Investigation

- Operational & Technical Audit

- Finance

- Enterprise Risk Management

- Corporate Governance

- Company Secretaries

From:

- Oil & Gas

- Telecommunications

- Manufacturing

- FMCG

- Petrochemical/ Chemical

- Automotive

- Food & Beverages

- Energy & utilities

- Transportation & Logistics

- Banking & Finance

- Insurance

- Healthcare & Pharmaceuticals

- Government Agencies 

Testimonials from previous Annual Internal Audit & Risk Management conference

“An excellent forum to network and enhance knowledge which exceeds expectation”

“I enjoyed learning from different kinds of business and enhance my knowledge in internal audit that can be used in dealing with risk management”

“The speaker presentations were really good! It covered useful topics and was delivered in a light and humorous way”

“Seminar provides wide variety of speakers to share experience chance to meet delegates from various countries”

“Excellent, relevant and enabler”

“Speakers are expert in their respective fields circumstances presented are based on actual experiences and on mere theories”