PRESIDENT'S MESSAGE ON MONTH OF AWARENESS
The month of May is an International Internal Audit Awareness Month. It is a special opportunity to honor the profession by building awareness and elevating its visibility in the business community on Internal Audit’s role in organizational governance, internal control, and effective risk management.
As part of our objective to enhance the professional status of internal auditing in the country, IIA Tanzania has planned several activities in this month to increase visibility and publicity of internal audit profession. The promotional efforts will include but not limited to Live TV and Radio Shows, Press Conference, Public Lectures, Media Houses and selected stakeholders visits.
However, I also encourage you as an internal audit professional, to play the role of an ambassador in promoting awareness of the value you contribute to the organization. Whether you are new to the field, part of an extensive audit team, or the sole practitioner at your organization you too can help to spread internal audit's value-adding role and its special position in the organization. For a limited time, you can also take advantage of the application fee waiver for the CIA through May. You could save up to US$115 on the only globally recognized certification for Internal Audit. To qualify, you must be an existing member of IIA Tanzania and complete the certification application by 31st May 2018. Furthermore, IIA Tanzania has organized special training programs in May through June 2018 which include Workshops and the Certified Internal Auditor (CIA) Review Courses. Please visit www.iiatanzania.or.tz for more information.
Internal auditing stands as an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations and so as Internal Auditors by playing the role of offering insight and advise, evaluating risks, assessing controls, ensuring accuracy, improving operations, promoting ethics, reviewing processes and procedures, monitoring compliance, assuring safeguards and investigating fraud makes us significant to an organization’s success.
I would also like to add that it is essential for the internal audit activity to remain effective in providing assurance on the process in preventing and detecting fraud relating to resources, as IPPF’s Implementation Standard 2120.A2 states: ‘The internal audit activity must evaluate the potential for the occurrence of fraud and how the organization manages fraud risk. Additionally, the standards call for internal auditors to exercise due professional care by considering the probability of significant errors, fraud, or non-compliance (Implementation Standard 1220.A1). For us to stay relevant, it is vital that we demonstrate the value we bring to the organization through our knowledge of fraud risk.
I strongly believe the contribution of internal auditors to the success of organizations and the global economy is at large deserves our recognition and commendations. On behalf of the Board of directors and Secretariat of the IIA Tanzania, I wish you good luck in using this yearly opportunity to build greater awareness of the value of internal auditing in Tanzania.
Happy International Internal Audit Awareness Month!
Let us Progress through sharing.
IIA Tanzania President