Financial Daily from THE HINDU group of publications
Wednesday, Feb 01, 2006
Financial Daily from THE HINDU group of publications Wednesday, Feb 01, 2006 |
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Industry & Economy
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Events Meet on internal audit to be held on Feb 10-11 Our Bureau
Chennai , Jan. 31 REGULATORY measures being taken all around the world have made the process of internal auditing important in corporate governance, according to Mr R. Vittal Raj, one of the vice-presidents, Indian Institute of Auditors (IIA), Madras Chapter. He told newspersons that the passing of the Sarbanes Oxley Act in the US, the listing guidelines of the London Stock Exchange, and the revised Clause 49 of SEBI guidelines in India are all instances of such regulatory measures. In the wake of these measures, the role that internal auditors play goes beyond just compliance, certification and assurance, he said. This is the main issue that will be addressed in the 30th All-India Conference on Internal Audit, to be held on February 10 and 11, according to Mr P. R. Loganathan, Technical Chairman of the conference. Titled `Beyond assurance - Enhancing enterprise value', the conference will be attended by Mr Dave Richards, International President of the International Institute of Auditors (IIA), the parent body of the Indian Institute of Auditors. He said that Mr P. Shankar, Chief Vigilance Commissioner, would inaugurate the conference, and the keynote speakers would include Mr. R. Seshasayee, Managing Director, Ashok Leyland, and Ms Lalitha Gupte, Joint Managing Director, ICICI Bank. Apart from this, technical sessions would take place in three parallel tracks, and would cover internal auditing issues in areas such as IT, ITES, insurance, banking, logistics, FMCG and not-for-profit organisations.
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