Society backs audit group

 By LYNETTE KIL

MANAGING risks and compliance in business is becoming a priority, particularly with the fast-paced transformation in the way businesses are delivering goods and services, a risk manager says. 

Russell Tato, manager risk compliance and audit of Teachers Savings and Loan Society (TISA), said that while presenting K10,000 to the Institute of Internal Auditors (IIA) at TISA Haus in Port Moresby on Wednesday.

The money is part of TISA’s contribution and support to IIA to organise its annual conference on Aug 6-7. The theme of the conference is “Strategically Managing a Changing Environment – 10 years and Beyond”.

 IIA is a voluntary based committee formed by internal auditors of organisations and companies to share information on how an organisation or company can lift its functions and working environment to a professional standard. 

Tato said TISA was proud to be a silver sponsor for the IIA conference because IIA had done a very good job for the professionals in the country as far as Risk Management, Business Assurance, Advisory, Audit and Compliance program are concerned.

He said TISA was moving forward from a semi-manual process and was relying heavily on information communication technology (ICT) and the “theme” for the conference would be helpful to the staff of TISA to cope with the challenges faced in the use of modern technology to become professionals in managing business in the organisation.

“We are indeed proud to support the IIA conference and its programmes and look forward to other partnership that will come about. We look forward to the challenges and know that such conference will broaden the scope and understanding of our staff as far as their work is concerned in managing challenges at TISA,” Tato said.