Certified Internal Auditor
Internal Auditing as a Profession
Internal auditing is an independent, objective assurance and consulting activity that adds value and improves the operations of an organization. It helps an organization to accomplish its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance.
The challenges in the profession of internal auditing reflect prevalently in today's business realm. Global competition, downsizing, re-engineering, security risks of advanced technology, and the effects of the economy are just a few of the factors that create new challenges for internal auditors. Professionally certified internal auditors are crucial in ensuring internal auditing activities are being managed effectively and efficiently.
In Malaysia, the Requirements of Bursa Malaysia - Securities Berhad have made it mandatory for public-listed companies to set up Internal Audit function. Such a move will help to enhance Corporate Governance – bringing unique value to the board room, protecting stakeholders of organizations, and performing to the highest degree of proficiency, professionalism and ethics. This further requires internal auditors to keep abreast with the best internal auditing practices and standards issued by the Institute of Internal Auditors (IIA).