500 auditors meet in Accra for brainstorming session

Mr. Twinomujuni

Mr. Twinomujuni

About 500 members of the African Federation of Institutes of Internal Auditors (AFIIA) from 22 African countries have converged in Accra to brainstorm on practical ways of achieving business excellence through internal audit.

Some of the countries the participants are coming from are Ghana, Nigeria, Sierra Leone, Cote d’Ivoire, Tanzania, Uganda, Kenya, South Africa and Cameroon.

The programme, which opens tomorrow is being organised on the theme: “Insight to Foresight: The New Imperative for Internal Audit and Governance.”

Topics to be discussed over five days include the state of the internal audit profession, digital forensics, strengthening internal controls to assure achievement of business objectives, cyber security and information management and internal audit opportunities in a disrupted world.

The chairman of the Federation, Parity Twinomujuni, told the media in Accra yesterday that the conference would bring together board members, internal auditors, accountants, risk and control managers and key stakeholders from the public and private sectors who would discuss ways of improving the profession.

He said even though a lot have been achieved for the member countries, more was needed to keep the members abreast with modern challenges and trends in modern day business activities.

Mr. Twinomujuni said several round table discussions would be held to build capacity of leaders of institutions, to help put their organisations on track and also expose them to acceptable global concept.

Additionally, he said that the conference would assist the participants to draw modalities to protect state institutions from fraud and constantly expose corrupt practices.

The chairman commended Ghana for playing a major role in the governance structure of the organisation as well as setting the pace in internal audit controls.

He cited resource wastage, poor governance structure, lack of resource to enable the audit units function effectively, and said these challenges would be addressed to ensure prudent management of resources of member countries.

Mr. Twinomujuni said the programme was expected to impact knowledge to members who would at the end of the meeting adopt resolutions to improve the image of the profession by acting decisively on issues of corruption.

The president of the Global Institute of Internal Auditors, Richard F. Chambers said the forum would provide the members with in-depth knowledge and resources to deal with issues of corruption.

He said the standards set by the federation would enable them provide strong volunteerism involvement in good risk management, “because an internal auditor must demonstrate that commitment and strong ethical and moral valve, integrity and the courage to expose the ills affecting good business promotion.”

By Lawrence Vomafa-Akpalu

 

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