Internal auditors need to embrace technology to stay relevant

KUALA LUMPUR (Oct 29): Internal auditors need to embrace technology, such as artificial intelligence, robotic process automation and advanced analytics, to stay relevant.

“Staying Relevant in a Digital Landscape” is the theme of the Asian Confederation of Institutes of Internal Auditors (ACIIA) Conference 2018 that kicked off today, hosted by the Institute of Internal Auditors Malaysia (IIA Malaysia).

IIA Global chairman Naohiro Mouri said in his keynote speech at the event that for a business to remain competitive, it must first adapt to the rapid technological advancements.

“The next step is to synergise technology with the business to educate the audit committees and board members, to thereon improve the oversight of internal audit functions.

“With technology such as artificial intelligence, robotic process automation and advanced analytics having a direct impact on internal audit, there is an urgent need to address the increasing technology skills gap in the internal audit profession and prepare them for the tech-driven business environment,” he said.

ACIIA conference chairman Philip Satish Rao said internal auditors need to keep up with a growing number of businesses that are taking the…

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