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TITLE: Welcome Remarks by Encik Salihin Abang, President, Malaysian Institute of Accountants at Public Sector Internal Audit Conference 2018

DATE: 13/09/2018

WELCOME REMARKS BY

ENCIK SALIHIN ABANG

PRESIDENT

MALAYSIAN INSTITUTE OF ACCOUNTANTS

AT

PUBLIC SECTOR INTERNAL AUDIT CONFERENCE 2018 – “The Notion of Public Values

13 SEPTEMBER 2018 (THURSDAY), 9.00 – 9.05 a.m

Salutations:

  • Yang Berhormat Senator Dr. Mohd Radzi Md Jidin, Deputy Minister of Economic Affairs, Ministry of Economic Affairs
  • Yang Berusaha Dr Nurmazilah Dato’ Mahzan, Chief Executive Officer, Malaysian Institute of Accountants
  • Members of the Media
  • Ladies and Gentlemen

Good morning and welcome to the MIA Public Sector Internal Audit Conference 2018.

This year we have chosen to focus on the Notion of Public Values, because we can clearly see that the new Government is compelling the public sector to inculcate the core values of integrity, accountability, transparency and honesty. These values are integral if Malaysia is to embed a culture of good governance and deliver the value and values-based results that the public expects and demands.

We are privileged to have with us today two senior members of the Government. Their presence underscores the Government’s recognition of the value of this Conference for public sector internal auditors, who are a key pillar of good public sector governance, and the Government’s support of MIA as the regulator of the accountancy profession. Thank you to YB Senator Dr. Mohd Radzi Md Jidin, Deputy Minister of Economic Affairs for your support of MIA, the profession and today’s Conference. YB will be delivering the keynote address shortly, and we will be able to hear directly from YB on the Government’s expectations and initiatives on good governance.

If YB Dr Radzi is setting the tone for today, the Conference will end on a high note when Tan Sri Dato’ Setia Haji Ambrin Buang, our former Auditor General and now the Chairman, Special Investigation Committee on Procurement, Governance & Finance updates us on the Committee’s initiatives and outcomes to date. We take this opportunity to thank Tan Sri Ambrin for his support and participation.

Ladies and gentlemen,

As the regulator and developer of the accountancy profession, MIA is an advocate for embedding the core values of integrity, accountability and trust across the accountancy ecosystem, to uphold the public interest.

Our core expertise in financial literacy and professional standards and practices also positions us as the ideal partner to assist the Government with enhancing its public financial management, through the shift to accrual accounting and adoption of the Malaysian Public Sector Accounting Standards (MPSAS). Sound public financial management is not just critical to ensuring good governance and the efficient delivery of public services, but also essential in fighting against the scourge of corruption.

As a leading provider of continuing professional education for accountants and assurance professionals, including internal auditors, MIA closely tracks the key developments affecting public sector internal audit and translates this into relevant content, such as today’s Conference.

Today, we start by looking at the big picture – how are the Government’s reforms based on the principles of Competency, Accountability & Transparency (CAT) affecting the work of internal auditors? Next, we look at the increasingly important role you play in fraud detection and risk management.

Especially important is the session on embracing technologies because these will change how you work, taking over your mundane and repetitive tasks and freeing you up for work that requires more advanced cognitive thinking and higher-level skills. Internal auditors must know about the key technologies of AI and robotics, blockchain and data analytics as well as the evolving minefields of cybersecurity risks and IT governance risks. To help you, MIA has launched our MIA Digital Technology Blueprint that sets out five principles for how accountants, including internal auditors, get started on their own technology journey to remain future relevant.

We also look at what’s happening on the international assurance landscape, specifically the new IPPF (International Professional Practices Framework) and the revised standards which will present internal auditors with opportunities and potential challenges.

Last but certainly not least, Tan Sri Ambrin will take to the stage for his highly anticipated session on public procurement and how internal auditors can contribute in this high-risk area.

Before I leave the podium, on behalf of MIA, I would like to thank all our speakers and supporters namely Jabatan Audit Negara, Association of Malay Chartered Accountants Firm Malaysia, CIMA and Ecovis for facilitating this Conference. Thank you also to our delegates for choosing to attend this conference and we pledge to continue delivering professional education to the very highest standard.

Thank you.