President Communique

Dear Members , Internal Auditing Professionals & Friends ,

Wishing you and your family a Very Happy Diwali with lots of prosperity, happiness and good health.

Diwali is the occasion to celebrate Victory over Defeat. It is the festival to celebrate Light over Darkness & Awareness over Ignorance! Simply put, Diwali signifies the very essence of the triumph of Good over Evil. Internal Auditors play a critical role for ensuring the triumph of good governance by emphasizing the basics & elevating the standards by adhering to the Code of Ethics ( https://na.theiia.org/special-promotion/PublicDocuments/Code%20of%20Ethics.pdf) comprising of Principles and the Rules of Conduct to demonstrate Integrity, Objectivity, Confidentiality & Competency. As Mr Richard Chambers shares in his blog, the Internal Auditors must demonstrate strong ethical resilience (https://iaonline.theiia.org/2017/Pages/Champions-of-Trust.aspx) & the Internal Audit reviews must focus on the Roots, not Just the Trees (https://iaonline.theiia.org/good-internal-audits-focus-on-the-roots-not-just-the-trees). It is important for the Internal Audit professionals to constantly be aware & advocate the International Professional Practices Framework (IPPF) to provide Assurance & Insights with Objectivity to the stakeholders (https://na.theiia.org/standards-guidance/Pages/Standards-and-Guidance-IPPF.aspx)

IIA India Goals:

Team IIA India is progressing on the four IIA India Goals through the following National Committees of the Council through the respective Chapters guided by the Executive Committee of the National Council ably supported by the CEO & the support Team.

GOAL A: MEMBERSHIP
  • Membership Services Committee
  • Membership Growth Committee
  • Social Media Committee
  • Conference &Events Committee
GOAL B: PROFESSIONALISM
  • Training Committee
  • Coaching & e-learning Committee
  • Publications Committee
  • Quality Committee
GOAL C: ADVOCACY
  • Adocacy Committee
  • Institute Relations Committee
GOAL D: SUSTAINABILITY
  • Audit Committee
  • Legal & Compliances Committee

Activity Update:

During the last quarter, IIA India provided in-house training on Internal Auditing to the office of the NIRD and to M/S Druk Holding and Investments (DHI) – Bhutan. IIA India also conducted GTM training programs in association with our training partner Achromic Point at Mumbai, Chennai, Bengaluru & Delhi. There were also Regional Conferences, Seminars,Workshops &Roundtables organized by the respective Chapters at Delhi, Hyderabad, Bengaluru, Kolkatta, Mumbai and Chennai. Membership services have been brought under the CEO’s office for better engagement with members.Guidance/Proposals for QA inquiries from members are being evaluated by the QA Committee.Social media committee is disseminating knowledge bytes to the members. Advocacy Committee is working on forging relationship with other professional institutes & the Audit, Legal, Compliance Committee is focused on making your Institute a sustainable organization.

As the President- IIA India , I had the opportunity to deliver a session on Internal Audit at the Master Class for Directors hosted by IOD & also at the training event of GRMI (an MOU partner of IIA India)

National Conference

IIA India - Bombay Chapter shall be hosting the IIA India National Conference 2019 on January 21 & 22 at Hotel Sahara Star – Mumbai. Global Chairman Mouri san and the Global president and CEO – Richard Chambers along with a galaxy of international and national speaker shall be addressing the delegates and participate in the Conference. This would be great opportunity for members & the internal audit community to learn and network. For registrations, please click (https://gallery.mailchimp.com/7fff0e04d97b12eba0ce3c725/files/c0bd4495-e8ae-4646-8933-341a7c7868c4/2019_IIA_India_BBY_Conf_Delegate_BrochureV1710.pdf)

I look forward to meeting you at the National Conference on 21st & 22nd January , 2019.

New Releases from the IIA

The members may take note of the following :

Leveraging COSO Across the Three Lines of Defense

This publication relates the COSO Internal Control — Integrated Framework to the Three Lines of Defense Model and helps organizations enhance their overall governance structures by providing guidance on how to articulate and assign specific roles and responsibilities.

Now available in English

White Paper Supports Advocacy Efforts

New thought leadership from The IIA and IFAC examines the separate and distinct roles internal audit and the finance function play in good governance. Share United, Connected and Aligned with key stakeholders.
Download your complimentary copy today.

New! Tone at the Top: An Oversight in Our Oversight

Who is responsible for communicating opportunities to enhance internal audit performance? When it comes to improving internal audit performance, the things that audit committee chairs hesitate to say are often the things that audit executives most need to hear.
Download your complimentary copy today.

New Release! Reducing Enterprise Risk

Bill Shireman, President and CEO of Future 500, discusses how to find common ground between uncommon allies. Read four ways corporate Environmental, Health & Safety can reduce enterprise risk, protect the brand, and earn stakeholder support in polarized times.
Read the brief.

Wishing again all a very Happy, prosperous, peaceful & safe Diwali!

With kind regards,
Yours Sincerely,
S.Bhaskar
President, IIA India (18-19)
Place: Mumbai
Dated: 05-11-2018

About Internal Auditing

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.

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