CLAI 2014 – Internal Audit: The Value of the Third Line of Defense
The Latin American Congress of Internal Audit (CLAI) hosted its annual conference in El Salvador for the first time last month. Funded by the Latin American Internal Audit Federation (FLAI), approximately 550 attendees, including 32 speakers, from 22 countries were in attendance.
Organized by IIA‒El Salvador, the conference covered topics such as fraud, issues in government, IT, and emphasis on professional competencies.
After a warm welcome from CLAI, IIA Global Chairman Anton van Wyk presented his chairman’s theme ”Minding the Gap” detailing the challenges internal auditors face and how the gap can be reduced by focusing on credibility, competencies, connectivity, and communication. He was followed by IIA President and CEO Richard Chambers, who shared the importance of the third line of defense for effective management of control and governance. Breakout sessions focused on each of the lines of defense were popular among attendees.
FLAI President Jorge Badillo opened the conference’s second day and was followed by Chief Executive Officer of IIA‒Spain Javier Faleato, who shared an overview of the framework for internal audit function as it relates to assurance including responsibilities, positioning and how to become more effective. Following Faleato, attendees enjoyed a series of concurrent plenary sessions on topics such as fraud, public sector, internal audit functions, and governance, risk, compliance (GRC).
A highlight shared at the conference was recognition received from Johel Humberto Valiente, president of the Court of Accounts Office in El Salvador (Controller´s Office). At an event one week prior to the conference Valiente stated to a group of 43 government auditors, about CLAI, that ““these types of initiatives are critical for the advancement of the profession in our country and the NIEPAI (International Standards for the Professional Practice of Internal Auditing) has been already included as a part of the El Salvador´s local requirements”.
For full program details, visit CLAI 2014. To view conference photos, visit our Flickr and Facebook pages.
Anton van Wyk, IIA Global Chairman
Maritza Villanueva, President of the IIA-El Salvador
Richard Chambers, President and CEO of IIA Global
Jorge Badillo, President of FLAI