ET NOW interviews Chambers and Mouri
Topic of discussion: Needs and concerns of the profession in India
LAKE MARY, Fla. (Jan. 25, 2019) – IIA President and CEO Richard Chambers and IIA 2018-19 Global Chairman of the Board Naohiro Mouri were interviewed by ET NOW, a major media outlet, during the 2019 IIA India National Conference & Bombay Chapter Annual Conference held Jan. 21-22 in Mumbai, India.
The conference theme – “Emphasize the Basics. Elevate the Standards.” – was a direct reflection of Mouri’s chairman’s year theme, which he presented at the conference. In his presentation, Chambers addressed “Internal Audit in the Age of Disruption.” The two were among an array of presenters and panelists during the conference.
ET [Economic Times] NOW’s Ajaya Sharma talked with Mouri and Chambers about needs and concerns of India’s audit system when it comes to meeting global standards and being prepared for the changes technology brings.
“I think Indian companies are experiencing some of the same risks and challenges that companies around the world are feeling,” Chambers said. “Clearly, in economies that are in a developing stage there are certain risks of potentially fraud or mismanagement that you may not see in some other countries. But I think that internal audit here is up to the challenge from what I’ve seen in my travels.”
“One of the things that I do think Indian auditors need to be mindful about is that there’s a clear distinction between the accounting profession and the internal audit profession,” Mouri said. “I would urge Indian internal auditors to step forward, look at the Standards, and really look at the certifications, like the CIA [Certified Internal Auditor], to acquire and demonstrate their competency.”