Standing Tall!

Educators' Forum

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Public Sector Forum

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IPPF

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Closed Forum ( First 200 Malaysians)

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An Agenda for Future Research in Internal Auditing

Session Description: In this session, I will give a brief overview of existing research in internal auditing (since 1999). What do we know and what do we not know yet? What are the major gaps in internal auditing research? How can academics and practitioners learn from each other?

Internal Audit Interactions with the Board: A Governance and Risk Perspective

Session Description: Boards of directors and their committees, despite receiving extremely summarized and condensed information, now have a well-established responsibility for managing the overall organizational risk. The effective management of risk is a prerequisite for ensuring good corporate governance. Internal audit role plays a critical role in keeping the audit committee abreast of the latest developments and goings-on of the company, and without such assistance, the audit committee cannot realistically fulfill its risk oversight responsibilities. Because governance seems to be so intertwined with risk, one strategy might be to leverage the internal audit function to work with different board committees and provide risk-relevant information. This would be consistent with the internal audit function’s mandate as delineated in the IIA Standards. References include: Report #6—Stakeholder Expectations and Perceptions, from the IIA RF’s 2010 CBOK Study; the COSO 2009 and ISACA 2010 professional guidance on monitoring internal control systems; internal audit-audit committee interactions is provided enshrined in 20 Questions Directors Should Ask of Internal Audit (Lindsay & Fraser, 2004).

Research Opportunities in Asia

Session Description: The Institute of Internal Auditors Research Foundation has arranged this educators forum to enable Institutes, Researchers, Academics and students to present and participate in discussions related internal auditing research in Asia. The theme of the forum focuses on the most comprehensive global research ever done in the internal auditing profession The IIA's Global Internal Audit Survey: A component of the CBOK study. The forum will provide an opportunity to present debate and discuss current issues impacting these areas as well as future research.

Facilitated discussions by Patricia E. Scipio, CIA, Director, PricewaterhouseCoopers and IIA Research Foundation President and Richard J. Anderson, CPA, CFSA, writer and lecturer at DePaul University and IIA Research Foundation Board of Trustee member on research activities in Asia current and future plans. The following IIA Institutes have been actively involved in the CBOK 2010 project and will be participating in the open discussion: IIA Australia, IIA Chinese Taiwan, IIA Japan, IIA Korea, IIA Philippines and IIA Singapore.

Please join us in the lively discussion on future internal audit research.

When Things Go Wrong

Sometimes things go wrong in the organizations where we work and internal audit is approached to assist the organization in addressing the problems they face. In the public sector, this can also include assisting the organization address issues that are very much in the public eye. Juggling the roles of consultant and auditor can be difficult so this session will use real life practical case studies to show how to do this so as to provide the most effective value for all, while maintaining independence.

Take the first initial steps in reacting to the problem

Learn how to obtain management buy-in to address the situation

Track the progress in addressing the problem

Be able to assist the organization while not compromising independence

Consolidation of Public Sector Audit Function

Session Description: In this session the potential benefits and disadvantages of consolidating public sector audit functions will be discussed. The analysis applies to government agencies which, individually, have their own internal audit units and are considering their amalgamation; or alternatively those that have a centralized audit organization and are considering partial or complete decentralization. It does not consider the relative benefits of outsourcing the audit responsibilities; although some of the arguments presented here are used in discussions to support either outsourcing or in-sourcing depending on one’s focus. Various governments across the globe are considering or are in the process of integrating or decentralizing their audit functions, including those in the United Kingdom, United States of America, Australia and the Netherlands to name a few.

Learning Objectives:
In this session, participants will learn how to:

Use arguments for the consolidation of the audit function

Use arguments for deconsolidation of the audit function

Compare international best practices of consolidation and deconsolidation of the audit function

Auditing Performance Information in the Public Sector – The One Way to Assist Management in Reducing Their Own Accountability

Session Description: If you don’t know where things are going wrong, you cannot fix it! Public sector units across the world are under scrutiny due to poor performance, poor service delivery and the high costs of services. Internal auditors can assist their audit clients by providing audit and consultancy services regarding the quality of performance information available to decision makers. The world turns on real-time, on-line information and knowledge. This session provides 12 critical focus areas that will assist public sector management to enhance their own ability to deliver economic, effective and efficient services to their communities.

Learning Objectives:

Distinguish between the role of managers and the role of internal auditors in evaluating performance of the public sector

Describe the critical performance areas of the public sector in the modern day environment

Define the elements of the public sector dashboard based on thorough risk analysis

Compare international best practices on the economic and efficient use of resources

Contrast the available tools to manage accountability of public sector managers

Define the performance information tools available to auditors to add value to public sector service delivery

Implementing the IPPF

Session Description: This session will provide an update on Standards and Guidance activities related to the International Professional Practices Framework, including the most recent revisions to the Standards and the newest Practice Guides.

Learning Objectives:
In this session Participants will learn about:

The most recent changes to the Standards in the newly published Red Book

What changes are being considered in the standards-setting processes

The types of guidance being issued, including the newest Practice Guides

Guidance under development and soon to be released

The Challenges of Leading Change in Internal Audit

Session Description: Lowe's strategic mission is predicated on the development and implementation of new systems and processes to drive innovations that will differentiate us. To align with that mission, the following questions emerge: How must internal audit evolve to contribute maximum value and maintain relevance? How do we overcome the organizational challenges that constrain audit structure and process in industries such as retail, automotive, financial, and restaurant with store, dealer, or branch operations? Why would you propose radical change when your department is highly rated by your Board and senior management and well respected by operations and the corporate staff?

Learning Objective:

In this session we will share how Lowe’s internal audit department is adapting in a dynamic business environment.

Structure and Staffing: Adapting organization design, rethinking job skills and competencies, evaluating individual fit in the new environment, and delivering training.

Methodology: Rethinking internal audit systems and processes.

Public Sector Forum

Legal and Ethical: Navigating through the intricacy of re-staffing based on new job descriptions and capability requirements. Change Leadership: While formidable, the main challenges are not found within the complexity of redrawing an organization chart or changing methodologies