INTERNAL AUDIT THE NICHE FOR GROWTH - ACRA

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Growth Opportunities • Proposed new Guideline 13.3 - The internal audit function should be staffed with persons with the relevant qualifications and experience. • There are only 1,000 Certified Internal Auditors in Singapore. • Working with the Singapore Accountancy Council to establish the Certified Practicing Internal Auditor qualification.
Growth Opportunities Proposed new Guideline 12.4 The AC should report to the Board at least annually the adequacy and effectiveness of the company's internal controls. Shareholders/ Stakeholders Board Proposed new Guideline 11.2 The Board should review the adequacy and effectiveness of the company's risk management and internal control systems. External Audit Audit Committee Proposed new Guideline 11.3 The Board should comment in the company's annual report on whether it has received assurance from the CEO and the CFO regarding the effectiveness of the company's risk management and internal controls system. CEO/CFO Risk Management Committee Risk Management Unit Proposed new Guideline 11.4 The Board may establish a separate board risk committee or otherwise assess appropriate means to carry out its responsibility of overseeing the company's risk management framework and policies. Risk Assessment Business Units
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Page 3 and 4: About the IIA in Singapore Establis
Page 5 and 6: The Value of Internal Audit • An
Page 7: The Value of Internal Audit Interna

INTERNAL AUDIT THE NICHE FOR GROWTH - ACRA

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