Responsible Business: The Center of IIA–Croatia Annual Conference
Internal audit’s role in responsible business was the theme at IIA–Croatia’s 7th annual conference hosted last month in Poreč, Istria, Croatia. More than 180 participants and 40 speakers from nine countries, enjoyed three days of sessions focused on the role internal audit plays in the continual development of good corporate governance.
During opening remarks, IIA–Croatia president Jasna Turkovic, stressed the importance of responsible business practices in developed countries to ensure organizations, no matter the sector, are well managed to make effective business decisions. As the European Union (EU) strongly supports this practice as shown through a series of initiatives, should encourage Croatian companies to consider the introduction of responsible business principles in their own processes. This is where internal audit can be a key player in providing assurance to stakeholders that the efforts made in this direction give results.
As the conference continued, attendees participated in three plenary sessions each followed by a concurrent session on topics such as internal control system and internal audit, information system security, corporate governance, and reporting on internal audit activities. Guest speaker Norbert Wagner, CEO of IIA–Austria spoke about root cause analysis. Of the overall event, he said “The topics were well selected, covered a broad range of actual issues and I am convinced they truly met the expectations of the audience.
Other guest speakers included Zuzana Kitto, IIA–Czech Republic; Laszlo Kovesdi, IIA–Hungary; representatives from State Audit, Croatian Chamber of Auditors and Croatian National Bank and many others.
The conference gave participants an opportunity to gain knowledge and information on current topics including EU directive on non-financial reporting and new Croatian law on internal controls in public sector. Zuzana Kitto, board member of IIA–Czech Republic, commented that “…It was very valuable getting to know the operating environment for audit in Croatia, the types of issues we have in common as well as local specifics.”
Participants also enjoyed networking opportunities and a range of festivities in the nice surroundings of Poreč, small Istrian town at the Adriatic coast.
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