The Institute of Internal Auditors (IIA) Singapore

Following the The Institute of Internal Auditors (IIA) Singapore 48th Annual General Meeting on 28 October 2024, we welcome three new Governors to the Board - Wei Han Ong, Hwee Lay Sia, and Lay Khim Tay, alongside re-elected Governors Wei Chern Koh and Norman Kuik for FY2024/2025. We extend our sincere gratitude to former Governors Vincent Cheang, Debbie Goh Kwee Imm, and Nicodemus Tan for their invaluable guidance and contributions. Thank you to all members who attended the meeting. We look forward to continuing our work and making a positive impact in the year ahead. For details on our new Board, please visit our website: https://lnkd.in/g_zmhdHh #IIASingapore #AGM2024 #ThankYou #InternalAudit #ElevateImpact

This article, "Ready to Conform" in Internal Auditor magazine provides practical strategies to help internal audit teams ensure conformance and stay ahead of the January 2025 conformance timeline. Don’t miss this valuable read: https://lnkd.in/gR9kJnrE #IIASingapore #InternalAudit #GlobalStandards #IaMagIIA

This new tool helps internal auditors to demonstrate conformance with Domain II: Ethics and Professionalism of the Global Internal Audit Standards. It outlines the key principles and requirements of Domain II and includes an acknowledgment page for internal auditors to sign, showing understanding and agreement to adhere to these standards. Be sure to refer to the full Global Internal Audit Standards for further guidance, examples, and implementation considerations. https://lnkd.in/e_ZAdxVD #IIASingapore #Ethics #Professionalism #InternalAudit #Conformance #Standards

A heartfelt thank you to all attendees for making this year’s Annual Conference a success. The engagement and enthusiasm across sessions were inspiring, and sincere gratitude goes to the speakers, moderators, and panellists for their invaluable contributions, sharing insights on today’s critical issues – from digital transformation and cybersecurity risks to geopolitical uncertainties, technological advancements, leadership, ethics, financial crime, and the Global Internal Audit Standards. Conference highlights included: 1. Keynote by Theresa "Terry" Grafenstine on "Ask Questions: Building a Resilient Cybersecurity and Risk Management Strategy". 2. Panel discussion on "Digital Disruption and Transformation" with Lyon Poh, Theresa "Terry" Grafenstine, Guan Seng Khoo, PhD, Karen Loon, Andeed Ma, and Rajesh Punjabi. 3. "Combating the Dark Side of Business – Overcoming Scams, Anti-Money Laundering, and Terrorism Financing", featuring Sinni Lim, Keith Tan, and Sammie Leung. 4. "Talent Management and Succession Planning in GRC and Internal Audit" comprising Cynthia Ang, Stephen Ching, and Sarjit Singh. 5. Jozsef Acabo’s session on "Bridging the Gap between AI Enthusiasm and AI Implementation – the Role of the Three Lines". 6. Nicodemus Tan’s presentation on "The New Standards: GIAS – Risks and Opportunities". 7. "Navigating Geopolitical Risk and Implications for Organisations and Internal Auditors" by Professor Joseph Liow. 8. Insights on "Combating Financial Crime in Singapore’s Financial Services – Highlighting Best Practices in AML/CFT Audits" featuring Radish Singh, Derrick Goh, Ian Lee, Harry Lim, and Yura Mahindroo. The Institute of Internal Auditors (IIA) Singapore remains committed to nurturing the next generation of talent, and the achievements of Kar Qi Ong and Samuel Than from Singapore Management University were recognised during the presentation of the IIA Singapore Outstanding Student Award. Looking forward to more impactful moments at future events. Thank you once again to everyone involved! #IIASingapore #AnnualConference #InternalAudit #ThankYou #EmbracingChange #ElevatingImpact

What an inspiring day we had at The Institute of Internal Auditors (IIA) Singapore Annual Conference 2024! We hope the sessions on digital transformation, cybersecurity, geopolitical risks, leadership, ethics, financial crime, and the Global Internal Audit Standards provided fresh perspectives and valuable insights for everyone who attended. A big thank you to our Sponsors - Diligent, PwC Singapore, KPMG Singapore, Wolters Kluwer Singapore, Grant Thornton Singapore, and RSM - Singapore - for their generous support in making this event possible. We also want to acknowledge our Strategic Partners - ACRA - Accounting and Corporate Regulatory Authority, Accountant-General's Department, Civil Service College, Workforce Singapore - and Supporting Organisations for their contributions. We can’t wait to see you all at next year’s conference! #IIASingapore #ThankYou #AnnualConnference #InternalAudit #Sponsors #Partners

We are excited to kick off The Institute of Internal Auditors (IIA) Singapore Annual Conference 2024 this morning! With the theme "Embracing Change, Elevating Impact", today promises to be a day of meaningful discussions, peer exchanges, and opportunities to learn and connect with fellow professionals. Looking forward to engaging conversations and impactful takeaways as we dive into the future of internal audit together. #IIASingapore #AnnualConference2024 #InternalAudit #EmbracingChange #ElevatingImpact #ProfessionalDevelopment #Networking

The Institute of Internal Auditors (IIA) Singapore Annual Conference, themed "Embracing Change, Elevating Impact", kicks off tomorrow, 24 October, at Marina Bay Sands, Sands Expo and Convention Centre. Registration starts at 8.00 AM. This year’s sessions will delve into critical topics like digital transformation, cybersecurity risks, geopolitical uncertainties, technological advancements, effective leadership, ethics, financial crime, and the Global Internal Audit Standards. Attendees will hear from distinguished speakers and industry leaders as they address the challenges faced by internal auditors today, sharing strategies to navigate in this evolving landscape. #IIASingapore #InternalAudit #Conferences #Transformation #ElevateImpact

In recognition of Cybersecurity Awareness Month, Udaya Manggala, Member of The Institute of Internal Auditors (IIA) Singapore's Technical & Technology Committee, has contributed an article titled "Mitigating Cybersecurity Risks of Cloud Service Providers Through Independent Audits". The article examines the critical shared responsibilities between organisations and cloud providers, addresses common threats like data breaches, and highlights essential certifications for assessing cybersecurity controls. Learn about key pitfalls to avoid when reviewing System and Organisation Controls (SOC) reports and how to enhance your organisation's cloud security. https://lnkd.in/gGyTY8ww) #IIASingapore #InternalAudit #CybersecurityAwarenessMonth #CloudSecurity #CyberRisk #IndependentAudits

The Association of Banks in Singapore (ABS), in partnership with the Anti-Money Laundering Audit Peer Group (AAPG), has launched Singapore’s first industry-led best practice paper aimed at enhancing Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) audits within the financial sector. This initiative, developed with input from financial institutions and professional associations like The Institute of Internal Auditors (IIA) Singapore, provides a common framework of Baseline Standards and Best Practices for both internal and external auditors to strengthen AML/CFT audit effectiveness. IIA Singapore is proud to contribute to this initiative, which helps strengthen Singapore’s position as a trusted global financial hub. Stephen Ching, President of IIA Singapore, said: “This best practice paper is a timely advancement to enhance AML/CFT audits within the banking sector. As the Global Internal Audit Standards outline, internal auditors are key to assessing and enhancing risk management and control processes. This new guidance strengthens the alignment of audit practices with evolving risks, ensuring that both internal and external auditors are well-equipped to uphold the integrity of Singapore's financial institutions. By fostering a unified approach, this initiative reinforces a common commitment to safeguarding Singapore’s position as a trusted global financial hub.” Access the full press release: https://lnkd.in/gekW5eMu Read more about the Best Practice Paper – Enhancing Anti-Money Laundering and Countering the Financing of Terrorism Audit Effectiveness for Banks: https://lnkd.in/gEvif-7a #IIASingapore #InternalAudit #AML #CFT #FinancialCrime #AuditEffectiveness #FinancialSector

Calling all IIA Singapore Members! Don't miss out on the IIA Singapore 48th Annual General Meeting (AGM) happening on 28 October! This is a good opportunity to engage with fellow members and gain insights into our latest initiatives. With only 4 days left to register, remember to secure your spot by 22 October. https://lnkd.in/guFptHE3 We look forward to seeing you on 28 October! #IIASingapore #AGM #InternalAudit