The Northern Cape Provincial Treasury has added its voice to the global internal audit family in support of the International Internal Audit Awareness month, which is celebrated May each year.
The Institute of Internal Auditors (IIA) has embarked on a global advocacy programme to raise awareness about the profession and its value. The IIA’s strategic plan includes a goal to raise the profile of and demand for internal audit and to ensure the profession is recognized as an indispensable resource by key stakeholders. According to the IIA the principle tools in accomplishing this goal is advocacy and the engagement of the media is extremely key in accomplishing this endeavor.
Internal audit is not a well-known profession, though it’s a critical function in an organisation. It is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The awareness month aims to enhance the business community’s knowledge of the essential role internal auditing plays in strong organizational governance, internal control, and effective risk management. The IIA indicated that when management and boards of directors come to fully appreciate the value of internal auditing, they ensure the internal audit activity is adequately sourced and effectively utilized. Likewise, as the general public becomes more familiar with what internal auditors do, the number of individuals who consider it a viable career option rises, fuelling the profession with greater talent. The internal audit function of the provincial treasury is headed by Johan van Tonder.