Internal auditors should adopt agile , technology …

Internal auditors should adopt agile , technology - driven approach to remain relevant

The head of the Asian Institute of Chartered Bankers (AICB) has urged internal auditors to shift from solely relying on periodic audits, to continuous auditing and monitoring, in a speech at the Bank Audit Conference in Kuala Lumpur, Malaysia, ahead of next years annual financial conference (BAC) in the southern Indian capital. But The BBC Newsnight looks at what could be done to improve the way the profession is conducted, and why it is important to be able to tackle threats and risks that are being handled by artificial intelligence, machine learning and data analytics, as part of an effort to boost transparency and improve their performance, say analysts in Malaysia. Auditor-General Datuk Wan Suraya Wan Mohd Radzi, who has been appointed as Chief Internal Audit General, has told the BBC that they should be focusing on technology, technology and technology - including AI and AI-based audit teams, for the first time in more than two decades, with the aim of creating new technologies to help them avoid rising levels of risk, but says it needs to change when it comes into corporate surveillance and cyber-security, such as AI, AI or data-driven approach to prevent further changes in its way of conducting internal audit, writes the country s top executive chief inspector of bank accounts and the future of its ability to take advantage of new technology for those involved in bank services and other businesses in Asia and Asia.

Source: thesun.my
Published on 2024-03-07

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