logo-newlogo-newlogo-newlogo-new
  • Home
  • Blog
  • Audit Trail Academy
  • Advisory Services
  • Books
✕
  • Home
  • Chambers on Internal Audit
  • Uncategorized
  • Internal Auditing in Asia: Progress Through Sharing

Internal Auditing in Asia: Progress Through Sharing

We Can Audit Anything – but Not Everything
November 10, 2014
Internal Audit: Working Smarter, Not Harder
November 24, 2014
November 17, 2014

This edition of my blog is being written as I visit Tokyo, where I will be addressing more than 100 internal audit professionals as part of a series of IIA events throughout Asia. Wha​t I am witnessing at each stop in my journey is true enthusiasm for our profession throughout Asia, with lively debate and sharing of ideas that are crucial to the advancement of internal audit knowledge. But there also is new excitement about our profession here that is evident not just in the number of people attending seminars and conferences, but also in the faces and attitudes of the internal auditors I meet.

I marvel at just how much internal auditing has evolved in Asia during the past 15 years. Before 2000, we at IIA Global Headquarters heard relatively little regarding internal auditors in Asia. From 1973 to 1999, 357 individuals in China, Japan, and South Korea received professional certification through The IIA. But since 2000, more than a half-million certification examination parts have been taken in this region, and tens of thousands of professionals have earned the Certified Internal Auditor (CIA) or other IIA certifications. IIA membership across Asia is also on the rise, growing 15 percent since 2012.

There is little doubt that our profession is thriving in Asia, and budgets and staffing are on the upswing, as well. From 2013 to 2014, internal audit staffing levels increased at almost 30 percent of organizations in Asia, according to The IIA Audit Executive Center’s Pulse of the Profession study. That’s more than three times more than the number of organizations where internal audit staffing decreased. Internal audit budgets also went up nearly three times as often as they fell.

I believe there is good reason for the rapid advancement of internal auditing in Asia. It’s attributable to the dedication of internal auditors working together in the spirit of The IIA’s motto, Progress Through Sharing. For example, this year, IIA–China produced a Chinese simplified version of COSO 2013. That followed a COSO translation by IIA–Chinese Taiwan in 2013. As well, IIA–Chinese Taiwan has even formed a team to translate my book, Lessons Learned on the Audit Trail, which came out only this year.

In the spirit of Progress T​hrough Sharing, IIA–Chinese Taiwan has also invited IIA–China to participate in its 2015 Annual Conference, which will be held in Taipei. This spirit of cooperation and collaboration is only one example of efforts seen throughout the Asia Pacific region, where the Asian Confederation of Institutes of Internal Auditors (ACIIA) promotes ongoing sharing of ideas and partnerships toward advancing our profession among its IIA affiliates — Australia, Azerbaijan, China, Fiji, Hong Kong China, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, Sri Lanka, Chinese Taiwan, and Thailand.

I believe that internal auditors in Asia are serving their stakeholders better than ever. A decade ago, a press release from PwC in Singapore stated, “The fact that internal audit functions in the Asia Pacific region are not as advanced as their U.S. counterparts is strongly reflected by the survey results dealing with stakeholder dynamics.” Based on what I am seeing, that statement may no longer be true. Some of the most sophisticated internal audit functions in the world may now be located in this region. Throughout Asia, dedicated internal auditors are demonstrating their value, and management and boards of directors are taking notice. That’s why internal audit budgets are holding their own or growing despite an uncertain economic environment.

So, to all the dedicated internal auditors working throughout Asia, congratulations. Your hard work is paying off, and you serve as an example to us all.

Share

Related posts

March 13, 2023

New IIA Report Is a Timely Benchmarking Resource for Internal Auditors


Read more
May 16, 2022

THE STAGGERING TOLL OF COVID RELIEF FRAUD: WHERE WERE THE THREE LINES?


Read more
February 3, 2022

To Live a Life in Color, You May Have to Change Channels


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What’s Trending

03-20-23

New Report Reveals Surprising Insights from Internal Audit Executives


03-13-23

New IIA Report Is a Timely Benchmarking Resource for Internal Auditors


03-02-23

6 Things Audit Committee Members Often Won’t Say to Internal Audit


Read More

Archive

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009

Contact Us

PO Box 1441
New Smyrna Beach, FL 32170

+1-407-463-9389
rchambers@richardchambers.com

About AuditBeacon.com

AuditBeacon.com is a resource center for internal auditors and risk professionals from around the world. In addition to more than 500 blogs authored by Richard Chambers, the site includes links to news and insights on internal audit and other information that illuminates the value of this important profession. AuditBeacon.com is provided as a service by Richard F. Chambers and Associates, LLC.

Copyright © 2023 Richard F. Chambers & Associates. All Rights Reserved.
  • Home
  • Blog
  • Audit Trail Academy
  • Advisory Services
  • Books