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Business News of Tuesday, 12 July 2022

Source: www.punchng.com

Auditors must upgrade skills in digital world -Expert

The Managing Director/Chief Executive Officer, Nova Merchant Bank Limited, Nath Ude, has said that a new breed of internal auditors will be needed to move organisations forward in the digital world.

He said this while making a presentation on the topic ‘Future of internal audit in an increasingly digital world’, at the 52nd quarterly general meeting of the Association of Chief Audit Executives of Banks In Nigeria in Lagos.

He said, “A new breed of internal auditors will be needed to move organisations forward in the digital world. Business must recognise and support this as our auditors are a vital part of our workforce – trainings, sessions, seminars, knowledge sharing, meetings and all other avenues where new technologies are discussed should have audit team members in attendance and continually learning to stay ahead of or at least in sync with the changes.

“The journey has already begun, the digital role of audit in each organisation must be defined, the mindsets and aspirations of internal auditors must be assessed and any roadblocks to the achievement of digital auditors must be identified and addressed by each organisation.”