Internal auditors trained in enterprise risk management
The Institute of Internal Auditors (IIA Malawi) has trained internal auditors in enterprise risk management to ensure the growth of the profession, add value and elevate the impact of the various organisations.
Speaking during the closing of the two-day enterprise risk management training in Blantyre on Friday, IIA Malawi chief executive officer Albert Dambula urged participants to put into practice the knowledge acquired during the training workshop.
He said: “Enterprise risk management is not a process, a tool, a department, or a list of risks, rather it is how an organisation makes better business decisions for the sustainability and attainment of various goals and objectives.”
Dambula said through the Professional Development Committee, the institute seeks to advocate for good governance, risk management and control through capacity building of internal auditors and provision of insightful technical guidance on matters relating to internal auditing, risk management and governance.
One of the facilitators, Andy Chitete, said the training will help the participants on how to successfully implement risk management in various organisations
He said: “There are many risks that organisations are facing globally, including climate change, economic crisis and recently, the country had fuel crisis due to foreign exchange shortages.
Chitete said the training will equip the participants with assurance to advise the board of directors and management on how to bring new systems to manage risks.
IIA Malawi is a local chapter of the Institute of Internal Auditors and has more than 400 paid up members among whom more than 50 have earned a certified internal auditor certificate.
