President Communique

Dear All,

“A beginning is only the start of a journey to connect another beginning.”

It is an honor and privilege for me to serve as IIA India's President for the term 2018-19.  I would like to first convey my sincere thanks to all my Colleagues in the IIA India National Council and the Chapters for reposing trust & confidence in me. I also take this opportunity to extend my warm wishes to all my professional colleagues and also to all the stakeholders of the profession of Internal Auditing.

Technological innovation and changes in regulatory environment are having a profound impact on the internal auditing profession. Digital advances and transformation in areas such as mobile and cloud computing, automation and artificial intelligence are transforming the way companies are doing business and thus creating a new landscape of internal controls and risk management. Internal audit must understand these trends and leverage the digital tools and technologies and integrate the same to become an agile and responsive internal audit function.

“Emphasize the Basics. Elevate the Standards” is the theme of current IIA Global Chairman Naohiro Mouri, and this theme is extremely relevant for IIA India.
As Internal Auditors we need to first and foremost constantly Emphasize on the Basics in terms of Purpose-Service- Impact” of the Internal auditing profession. Purpose, means driving the Mission of Internal Auditing by leveraging the IPPF (IIA’s International Professional Practice Framework) to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight. Service means putting the purpose into action with the aim to serve the organization and stakeholders. Impact, is the ultimate outcome of the Purpose and Service in the form of the transformation, Internal Auditing and internal auditors bring about in the organization.As members of IIA, we must constantly Elevate the Standards issued by the IIA. The Standards are principle-focused and provide a framework for performing and promoting internal auditing. The Standards are mandatory requirements consisting of Statements of basic requirements for the professional practice of internal auditing and for evaluating the effectiveness of its performance. The requirements are internationally applicable at organizational and individual levels.

In order to drive the above theme and other IIA India strategic initiatives in 2018-19, various committees have been constituted such as Conferences and Events, Training, Publications, Newsletters, Webinars, CIA Coaching, QAR, Advocacy (Public Sector & Private Sector), Institute Relations, and Membership Services including Website & Portal.  
I welcome Mr. Nikhel Kochhar, the new CEO of IIA-India & would like to place on record our appreciation for   Mr. Deepak Wadhawan, the first CEO for IIA India who took lead in several pioneering initiatives for IIA India.

I will request all the members to actively participate in the IIA activities, in the form of volunteering for furthering the institute’s goals, participating in the events, forums and conferences, promoting memberships, embracing the Standards and taking up /advocating professional certifications to further enhance the quality of our profession.

I am confident that we can do this “together”. We are the Members of the IIA which is the Global voice of the Internal Auditing Profession & we do have the best internal auditing professionals and leaders, to whom the industry looks up to.
Wishing you all great success in your professional endeavors.
With best wishes,
S Bhaskar
President – IIA India (18-19)

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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