Singapore Government

SMU-IIA Research Report - Equipping Chief Audit Executives (CAE) to Meet IA Challenges in Asia Pacific

The Asia Pacific region currently accounts for more than half the world’s population. More significantly, it is leading global economic recovery in the aftermath of the worse global financial tsunami. Whilst much has been articulated on Asia Pacific corporate governance practices, little is said or known about its Chief Audit Executives (CAEs) and internal audit (IA) practices.

The Asia Pacific region currently accounts for more than half the world’s population. More significantly, it is leading global economic recovery in the aftermath of the worse global financial tsunami. Whilst much has been articulated on Asia Pacific corporate governance practices, little is said or known about its Chief Audit Executives (CAEs) and IA practices.

Drawing on the 15 member institutes of the Asian Confederation of the Institute of Internal Auditors (ACIIA) of which IIA Singapore is a member, the SMU School of Accountancy conducted an online survey in July to August 2010 with Chief Audit Executives from Asia Pacific. 

This study on CAEs in Asia Pacific, believed to be one of the first, provided a regional perspective on the knowledge and skill set that Chief Audit Executives would require to meet the challenges. It has also brought to light the relevant training and professional development opportunities that Chief Audit Executives in Asia Pacific would need to position themselves as key value providers to their stakeholders.

It also highlighted three key trends affecting the IA landscape in Asia Pacific - increasing focus on effective corporate governance, strategic management issues and the rapid development and harnessing of information technology by many businesses.

Read more on the research report

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