By Dir. Hideliz Marie A. Laranang

Every crisis creates challenges but it is also an opportunity to take a fresh look at the situation. With the government declaration that the Philippines economy is recovering, Internal Auditors need to position themselves on how to perform their roles differently for assessing risk and improving operations, risk management and the internal control structure.

The forum was conducted on April 22, 2022, via zoom platform with the theme: The Role of Internal Audit in Sustaining National Development.  It aims to provide the Heads of Internal Audits (HIA) an opportunity to network, discuss, and learn from peers and experienced practitioners and subject matter experts on relevant and emerging issues affecting internal auditing, specifically, governance, risk management and internal control.

It is the AGIA’s perspective to promote the system of sustainable internal auditing for internal auditors to adapt, evolve and transform to stay relevant in their respective organizations, be ready for changes and with new thinking under the new normal. 

Distinguished and respected officials/personalities shared their knowledge and expertise.  Setting the tone for the discussions was the Department of Trade and Industry (DTI) Undersecretary Ireneo V. Vizmonte who discussed the state of the economy, strategies and economic reforms undertaken by the government.  Discussing further the topic of the economy, particularly on the “Indicators of Economic Growth”, the Assistant Secretary of the National Economic and Development Authority (NEDA) shared more detailed situationer such as GDP, employment, inflation, and manufacturing performance among others.  Since the forum was held before the election, such topics were jointly discussed with how will internal audit blend with the incoming administration thus, “Navigating Politics for Governance.” It was indeed a fresh look and approach to align the function with the expectations of the organization’s leadership. It was facilitated by one of the experts in governance, Sir Edmund Tayao. The forum ended with “Assessing the Economic Drivers” by well known Resource Person, Ms. Mary Jane O. Rosales whose discussion focused on the basics and promoting internal auditing values. Accordingly, IA needs to become increasingly involved/aligned in the strategic objectives of the organization and provide management with more insight on strategic risks and obstacles to achieving the company’s goals.  

The event was successfully delivered to the 86 heads of agencies.


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