In a bid to address the challenges faced by business enterprises and to support them in creating a sustainable future with the help of business intelligence, internal and forensic auditing, the Institute of Internal Auditors (IIA) India has organised a conference in Vadodara on Monday, May 12.

The 4th annual conference titled Towards a Sustainable Tomorrow, is being organised by the Vadodara Audit Club, a part of the Bombay chapter of the Institute of Internal Auditors (IIA).

Financial and strategic advisors, along with internal auditors, will discuss the short and long-term risks faced by business enterprises in building a sustainable future. The conference will see deliberations by risk consultants from KPMG along with industry experts, lawyers and internal auditors. Focusing on business intelligence support and forensic auditing of a firm, retired IPS officer D Sivanandhan, former DGP of Maharashtra and Commissioner of Police – Mumbai, will make his deliberations.

With a growing focus on corporate social responsibility (CSR), the conference will also see experts debating the importance of sustainability reporting for CSR.

“As partners to management, internal auditors are positioned to help protect the organisation against both traditional and emerging risks, provide consultation about how opportunities and vulnerabilities can be balanced and make valuable recommendations for assessing and strengthening corporate governance,” said Rohit Kothari, President, VAC.

Established in 1941, the IIA is an international professional association with its global headquarters in Altamonte Springs, Florida, USA, while VAC was established on May 12, 2010, by a group of risk management professionals under the aegis of the Bombay Chapter of IIA, India. Globally, the IIA has more than 180,000 members. VAC is the only presence of IIA in Gujarat.

The conference, which is supported by SIDBI – Gujarat Zone, along with media partnership of the Hindu BusinessLine, is being organised to mark the fourth year of VAC.

In the previous three annual conferences, the VAC attempted to cover risk management, fraud identification and mitigation, audit focus and management resources and how internal auditors can catalyse with management in adding value for a successful future.

comment COMMENT NOW