KUALA LUMPUR: Internal auditors, particularly those in banking institutions, should embrace key transformations, such as adopting an agile, technology-driven and professional approach to remain relevant in the future, said Auditor-General Datuk Wan Suraya Wan Mohd Radzi.
She said that with agility and a proactive approach, internal auditors could effectively address emerging risks, such as those associated with new technologies and evolving regulatory requirements.
“Internal auditors must shift from solely relying on periodic audits to continuous auditing and monitoring.
“By embracing a dynamic and proactive approach, internal audit functions can stay ahead of the curve and effectively mitigate risks,“ she said in her speech while officiating the inaugural Bank Audit Conference 2024 (BAC 2024), organised by the Asian Institute of Chartered Bankers (AICB) and AICB’s Chief Internal Auditors Networking Group (CIANG).
On technology, Wan Suraya said artificial intelligence (AI), machine learning, and data analytics will revolutionise the way audits are conducted, and internal audit teams should leverage these tools to enhance efficiency, gain deeper insights, and perform more precise and…
