AO 70@20: Continuous Strategic Transformation of IA Systems and Practices – AGIA Philippines

The event, held on April 20, 2023 at Novotel Hotel, Araneta City, Cubao, attracted experienced professionals who were passionate about driving continuous improvement and transformation within their respective internal audit functions. The forum provided a platform for participants to exchange ideas, share experiences, and explore cutting-edge strategies to enhance the effectiveness and efficiency of their IA operations.

AO 70@20: Continuous Strategic Transformation of IA Systems and Practices

By: Dir. Marissa N. Fabricante

The recently concluded 8^th AGIA Forum for Heads of Internal Audit Offices in the Public Sector with the theme Continuous Strategic Transformation of IA Systems and Practices proved to be an exceptional gathering of 84 participants Heads of Internal Audit Offices from various sectors of the government. The forum, organized specifically for these executives/managers, aimed to foster collaboration, knowledge sharing, and innovation in the realm of internal audit systems and practices’

The forum commenced with a welcome remark from AGIA President Marissa N. Fabricante, followed by the inspiring keynote and inspirational speeches delivered by World Bank’s Senior Regional Team Leader Carmenchu Austriaco, and Deputy Executive Secretary for Internal Audit Ricojudge Janvier M. Echiverri, respectively, who shed light on emerging trends, technologies, and methodologies that can revolutionize IA systems and practices. These speeches set the tone for the event, sparking enthusiasm and encouraging participants to think outside the box.

The objectives of the forum were centered around knowledge sharing, innovation, continuous improvement, networking, and professional development. Throughout the event, participants listened to the presentation and discussion of prominent and expert speakers on the following topics to achieve the forum’s objectives:

Digital Upskilling: Adjusting to the Changing Technology and Risk Indicators
Ryan Gabinete
Senior Vice President, DBP;

Strategic Transformation of Internal Audit Practices
Candy Chao
Senior Audit officer, ADB; and

Transformational Leadership: Personal Governance
Audie Masigan
Managing Director MW LEADS Management Consulting.

Another highlight of the forum was the commemoration of Administrative Order No. 70, signed by President Gloria Macapagal-Arroyo in April 2003, through a video clip, which depicted how it played a very significant role in the institutionalization of internal audit in the Philippines.

The success of the forum was evident in the positive feedback received from participants, who expressed their appreciation for the valuable insights gained and the connections made during the event. The AGIA is committed to continuing to provide similar platforms in the future, ensuring that Heads of Internal Audit Offices have the resources and support they need to excel in their roles.

As the event concluded, participants left with a renewed sense of purpose and a wealth of knowledge to implement within their organizations. The Forum empowered Heads of Internal Audit Offices to embrace continuous improvement, leverage emerging technologies, and adopt innovative practices. By doing so, these leaders can position themselves as strategic partners, driving organizational success and value creation.

In conclusion, the Forum stands as a testament to the significance of collaboration and knowledge sharing in driving continuous improvement within the realm of internal audit. By embracing innovation and continuous learning, Heads of Internal Audit Offices can lead their organizations toward a future of enhanced effectiveness and efficiency, ultimately contributing to their overall success.

The Forum’s Chairperson and AGIA Director Cristina Rosario officially closed the event with the message of enjoining the participants’ commitment to uphold the highest standards of internal auditing and to work towards a brighter tomorrow for the public sector.