IIA Annual Conference organised by Institute of Internal Auditor’s India, Madras Chapter from Dec 13 -14, 2019 @ Chennai

• Theme of the Conference is Lean, Mean, Agile" which provides a platform for experts to share their views on various topics relating to the main theme of the conference summarized above;
• Dr.Bharat Krishna Sankar, Chairman, Aparajitha Corporate Services P Ltd was the Chief Guest

Chennai, December 13, 2019:  The Institute of Internal Auditor’s India, Madras Chapter organised  Annual Conference from Dec 13 -14, 2019 @ Chennai. 

(L to R) K.B.S.Manian, Chapter Jt. Secretary, Group Risk Officer & Head of IA, Apollo Hospitals, Sathyananda Prabhu, Chaper VP & Head- IA and Risk Management, Equitas Small Finance Bank; K.Vidyadsaran, Past President IIA India, Chairman Programs Committee & Managing Partner, Vidyadaran & Associates Chartered Accountants; Dr.Bharat Krishna Sankar, Chairman, Aparajitha Corporate Services Private Limited & Chairman, Audit Committee, Indian Bank; Manoj Kumar Jain, Chapter President & Partner, Yoganandh & Ram LLP Chartered Accountants; D.Krishna Chaitanya, Past President, Madras Chapter & Partner Ernst & Young

Programme Schedule:

• Welcome Address by: Mr. Manoj Kumar Jain, Chapter President, & Partner, Yoganandh &Ram LLP Chartered Accountants
• About IIA: Mr. K Vidyadaran, Past President IIA, India, Chairman Programs Committee & Managing Partner, Vidyadaran & Associates, Chartered Accountants
• Conference Overview: Mr. D. Krishna Chaitanya, Past President, Madras Chapter & Partner Ernst & Young
• Introduction of Chief Guest: Mr. KB S Manian, Chapter Jt. Secretary, Group Chief Risk Officer & Head of IA, Apollo Hospitals
• Inaugural Address by Chief Guest: Dr. Bharat Krishna Sankar,Chairman, Aparajitha Corporate Services Private Limited & Chairman, Audit Committee, Indian Bank
• Inauguration of lIA Madras Women's Circle: Ms. Uma Prakash, Chapter Past President, Director, Capri Accounting& Prof. Services Pvt. Ltd.
• Vote of thanks: Mr. Sathyananda Prabhu, Chapter VP & Head-Internal Audit and Risk Management, Equitas Small Finance Bank

About this Conference: The world is going digital at an unprecedentedly fast pace, and this pace is only going to go even faster. Artificial Intelligence Is Changing Cyber Security Landscape and Preventing Cyber Attacks. Robotic Process Automation [RPA] RPA technology can mimic a human worker. RPA bots can log into applications, enter data, calculate and complete tasks and then log out. Internet of Things (IoT) Using unique identifiers (UIDs) has the capability to transfer data over a network without requiring human-to-human or human-to-computer interaction. By using Machine learning algorithms which is subsect of Artificial Intelligence, computer systems cam perform a specific task without using explicit instructions, relying on patterns and inference instead. By allowing digital information to be distributed but not copied, block chain technology, originally devised for digital currency and bitcoin, has revolutionized internet and has created the About this Conference backbone of a new type of internet.

In the context of this unprecedented technology revolution there is a need for internal auditors to follow the lean methodology which basically means cutting down areas of wasteful audit projects unnecessary non value add activities and eliminating them, concentrating on business improvement by assisting management in improving the top line. There is also a need for internal auditors to be more agile by keeping pace with the developments in the digital world described above and rethink on audit strategies, plans and execution. Both lean and agile methodologies call for a major change in mindset of both the management and the internal auditor the approach to risk management, more reliance on the internal audit function and providing the required skills and resources to make internal audit more proactive.

The Conference discussion topics have been structured under three Parallel Tracks with a special Keynote Address under each Track. In addition the Conference agenda includes two Panel Discussion Sessions on whether an internal auditor can be a whistle blower and a discussion on the need for a Regulatory Framework for Internal Audit. In this background the theme of the Conference is Lean, Mean, Agile" which provides a platform for experts to share their views on various topics relating to the main theme of the conference summarized above.

About IIA: Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs, Florida, USA. The IIA is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator.1IA has more than 175,000 members in 165 countries and territories around the World, including India. Generally, members work in internal auditing, risk management, governance, internal control, information technology audit, education, and security. India has SIX Chapters as part of The Institute of Internal Auditors India functioning at Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Kolkata. IA Madras Chapter was inaugurated on February 22, 1977. 

During the last 40 years, the Chapter has made a significant contribution to the growth of the Internal Auditing profession in this part of the country. The Chapter organizes Conferences, Seminars and Workshops on contemporary topics connected with internal auditing. Currently the Chapter is also organising a Diploma Course on Internal Auditing jointly with the University of Madras. The Chapter conducts a monthly Professional Development Meetings (PDM) where invited speakers make presentations on technical topics related to internal auditing. Recently the Kochi Audit Club which is a part of Madras Chapter was inaugurated in July 2015. The Chapter is now in the process of forming an Audit Club at Coimbatore.

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