Continuing a long-standing tradition that started in the 1990s, the internal audit profession is observing “International Internal Audit Awareness Month” this May. During the month, internal auditors around the world share examples of how the profession provides value to organizations, spotlight the profession’s commitment to good governance and risk management, and explain how internal auditors protect the public interest.
“Internal Audit Awareness Month is an important opportunity to educate stakeholders and the public about the vital role internal auditors play in organizations and governments of all sizes,” said Anthony Pugliese, president and CEO of the Institute of Internal Auditors. “Every day, internal auditors work to reduce risk, ensure businesses operate efficiently, provide value to their organizations, and protect stakeholders.”
As business evolves, so too does the role of the internal auditor. In just the last year, internal auditors:
- Played a vital role in helping organizations respond to the COVID-19 pandemic.
- Began ensuring integrity and compliance with significant infrastructure projects that are part of the Infrastructure Investments and Jobs Act.
- Continued helping organizations ensure compliance with emerging regulations related to environmental, social, and governance (ESG) initiatives and navigate the implications of these increasingly-important measures.
- Took on increased importance in helping companies prepare for–and respond to–unprecedented cybersecurity risks.
As part of the month-long even, the IIA is emphasizing the service internal auditors provide, particularly in public government and entities. “Internal auditors also have an important responsibility to protect the public interest,” the IIA said in a statement marking May as Internal Audit Awareness Month. “The IIA’s International Standards under the International Professional Practices Framework (IPPF) enhance internal auditors’ ability to provide independent and objective assurance to boards of directors and management, enabling internal auditors to build trust and confidence among internal and external stakeholders, including the public, which is essential to business and society,” the IIA said.
“The world is changing faster than ever, and internal audit is right there at the heart of it all,” said Pugliese. “Internal Audit Awareness Month is about recognizing the ways internal auditors drive companies forward. This month we recognize internal auditors everywhere, and invite the next generation of internal auditors to learn more about this great profession.” 