Themed ‘The Future of Internal Audit in an Increasingly
Digital World’, the meeting will bring together auditors and other stakeholders
in the banking industry including the law enforcement agencies to deepen
discussions on the need to create more innovative processes and formulate
automation for internal auditors to succeed in the ever-evolving technology
landscape.
Chief host of the event, the managing director/CEO of NOVA
Merchant Bank Limited, Nath Ude, said the bank remains fully committed to
supporting initiatives aimed at easing business solutions and promoting
digitalisation.
He said, “I am particularly happy at the theme for the event
as the topic is apt and in line with the global trend of revolutionalised
thinking and the future demands that auditors, who are now dealing with more
advanced and more technical business processes, require advanced technical IT
and IS skills to bring increased value to their execution.”
Mr Ude further emphasised that the vulnerability to
financial loss and data compromise in the digital space has been a significant
concern that requires auditors to understand the digital processes and
exposures that businesses face.
He noted that a new breed of internal auditors will be
needed to move organisations forward in this digital world and that businesses
must recognise and support this as auditors are an integral part of the
workforce.
Also reiterating the need for auditors to understand the digital processes, the chairman of ACAEBIN, Uduak Udoh, said that the banking industry is automating the delivery of its services in line with technological advancement as such, auditors need to reskill, up-skill and innovate to be able to face the challenges of the time.
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