It has been well established that internal auditor (IA) must seek to add value if it is to prove its worth in the organization. A complex, and challenging business environment facing stakeholders have put greater pressure on IA to quickly embrace greater change by considering larger responsibilities in creating value out of risk-based methodology than process-based approach in pursuing audit activities. Becoming the true advisor in the organization must be the ultimate goal for IA by showing superior leadership and insightful knowledge in creating value or merely be the “to go person” in resolving business issues.
Creating value is easier said than done because it is a vague and ill-defined concept in internal auditing. Value can have different meanings to different people based on what is important to them, therefore it is not straight forward.
For value creation to be effective, IA must exercise a high degree of professional judgement, by applying knowledge, skill, experience and professional standards in issuing opinions and formulating the most equitable solutions.
Click here Internal Audit – Value Creation – Datasheet for further details.
We are a multilingual firm, proficient in English, Malay, and Chinese languages.
For English/Malay speaking clients, please contact:
E-mail:Â megat.faizal@mfmco.my
Mobile: +6010 372 6830 (Call/WhatsApp)
For English/Chinese speaking clients, please contact:
E-mail:Â lee.mf@mfmco.my
Mobile: +6010 381 2996 (Call/WhatsApp)