IIA-Singapore Releases White Paper on Internal Audit’s Evolving Role
In collaboration with the Singapore Accountancy Commission, IIA-Singapore recently released a report that provides key insight into the changing role of internal audit. The Changing Role of IA: Keeping Watch for the Board — a result of a roundtable comprised of key stakeholders held last year — details how the internal audit function will need to evolve over the next few years to navigate the changing economic and regulatory landscapes. Mr. Eric Lim, president of IIA-Singapore, says “We should develop internal audit’s capability and capacity, give it adequate resources to do what we want it to do. And we should also let internal audit sit at the table and know the business so that it can help. If internal audit doesn’t know the business, there’s no way it could help.” Visit the IIA-Singapore website to download the full report.