Bangkok--1 Oct--The Institute of Internal Auditors of Thailand
The Institute of Internal Auditors of Thailand(IIA) along with internal auditors institutions from 16 countries within Asia hosts the Asian Confederation of Institutes of Internal Auditors Conference 2012 to prepare Thai internal auditors and focus on improving professions, skills and strengths. The IIA is confident that Thai auditors are able to compete with others due to their work standard and well understanding of the business condition.
Mr. Suwan Damnernthong, Deputy Chairman of the Institute of Internal Auditors of Thailand and chairman of ACIIA Bangkok 2012 organizing committee announced that Thailand has received the honor to host the Asian Confederation of Institutes of Internal Auditors Conference.The conference will help encourage both government and private sectors to increase the value of importance with internal control, risk management and internal auditing.As host, it will be a great opportunity to improve Thailand’s image,being one of the co-founders of the Asian Confederation of Institute of Internal Auditors (ACIIA) which currently has 16 affiliates. The conference will be held in Bangkok during the 8-10 November 2012 at Queen Sirikit National Convention Center.
The 2012 ASIAN CONFEDERATION OF INSTITUTES OF INTERNAL AUDITORS CONFERENCE or ACCIA BANGKOK 2012 will have lectures from experts of regional and international statureand with participants being executives and internal auditors from all over Asia. The highlight of the conference will be its many interesting topics.For instance, South Korea’s research in “Human Risk Assessment for the Best Corporate Governance”,we will see the evolution of corporate risk assessment in building internal control by focusing on the organization’s personnel.
“Say It Right” by Chairman of the Board of IIA Global discusses the issue concerning all executives and internal auditors, the probability of the internal auditor profession and its direction. The topic of “Auditing BCP and Disaster Recovery”by Japan, which encountered major disasters as floods, likewise to other countries but their capability to cope, methods to recover and solutions to problemsis world renown.
This conference is an opportunity in career and business relations between executives and internal auditors. The conference will be divided into 6 General Sessions about the internal auditor profession as a whole, evaluating personnel risk for better internal control, ethical importance upon auditing and the organization, risk management that helps the organization, auditing business plans under emergencies or natural hazards and the future of internal auditing. Other sessions are sub-sessions that can be chosen according to the participant’s interest among 5 tracks1) Fraud Detection and Prevention2) Information Technology 3) Corporate Governance and Governance Risk Control 4) Risk Management 5) Internal Auditors Essential Skills and Capabilities. The sub-sessions are a total of 20 sessions narrated by experts of countries from America, Australia, Japan, South Korea, Singapore, Malaysia, Philippines, Hong Kong, India and Thailand which will help create a better understanding of each country’s economy, society and occupations.
“ “The Asian Confederation of Institute of Internal Auditors (ACIIA) was found in 1999 by the Institute of Internal Auditors of Thailand (IIAT) along with other Institutes of Internal Auditors in Asia. The ACIIA currently has 16 affiliates, Australia, China, Hong Kong-China, Indonesia, Japan, Korea, Philippines, Chinese Taiwan, Malaysia, Singapore, India, Sri Lanka, Pakistan, Thailand, Papua New Guinea and Azerbaijan. Its purpose is to bring the standard of the internal auditing profession and responsibility at an international level throughout Asia, including exchanging information and knowledge between countries. To uphold the ACIIA goal, a conference is held in Asia with a member as the host each year, as in 2012 Thailand has received the honor.”
Currently, many internal auditors of countries in ASEAN are developing and preparing for the ASEAN Economic Community. As for countries such as Singapore and Philippines, they have been aware of the issue earlier by supporting internal auditors in their country to acquire the Certified Internal Auditor (CIA) qualification, which is a Global Professional Certification Program, now with more than a thousand CIA. Meanwhile in Vietnam, Laos and Myanmar are also acquiring more CIA certifications, this shows the awareness in internal auditing and the effort to be accepted internationally as a ticket or an opportunity to work abroad.
Mr. Suwan stated that the role of the institute in supporting and improving internal auditor standards is to increase the knowledge and skill and focus especially on following the standards of an internal auditor, as it is the foundation that leads to quality workmanship. Also supporting Thai internal auditors to acquire the CIA certificate which is well known throughout the world as major organizations or companies in the stock market believe that CIA have quality and can help the organization. The certification is a opportunity for internal auditors to have a stable career, be needed and obtain higher income. Thailand currently has over 500 registered companies but only has 349 CIA, which is not enough compared to Singapore, Malaysia and Philippines who have much more. Having such a low number allows the opportunity for foreign CIA come into Thailand given the chance from major companies. The high positions in the field of internal auditing being a foreigner are very possible but the institute would to see Thai Chief audit executives in Thai companies.
Mr. Suwan also stated that the strong point of the Thai internal auditor is maintaining working standards and understands the business environment and Thai working culture. The questions asked are in a polite manner which leads to cooperation and maintains a good relationship between one another, eventually leading to acceptance in trying to improve and change. This might be considered as a special characteristic of a Thai internal auditor. Thais also have a great capability to adapt in multi-cultural workplaces. The main issue to improve now for Thai internal auditors is their English skills in order to compete with other IA from other countries. The English standard with the younger Thai internal auditors have improved.
CPE Currently, the internal auditor career is an independent occupation and is not approved in the Act of Parliament like other occupations but in the future after such a change and the opening of the ASEAN community, the job market for this profession will expand. Foreign IA will be able to work in Thailand and major companies will have a wider choice. Thai internal auditors must improve themselves in their field and with their English skills. Thai internal auditors that are CIA qualified can work abroad to receive higher income easier. Although they still need to report to receive the Continuing Professional Education(CPE) each year to maintain their CIA status according to IIA regulations. Those who fail to report or lack of CPE will be suspended until they meet the regulations.
For further information, please contact 02-946-8470-2