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The Business Station
Internal Audit’s New Groove? From Policeman to Partner
32 mins·12:00, 11 Jul 2025
Internal Audit’s New Groove? From Policeman to Partner
32 mins
·
12:00, 11 Jul 2025
·
Recommended
Guest: Derek Lee, Vice President, The Institute of Internal Auditors Malaysia
In an era of interconnected "poly-crises". from geopolitical tensions to cybersecurity threats and climate risks, how can organisations build true resilience? The answer may lie in redefining the role of a traditionally overlooked function: internal audit.
Derek Lee, Vice President of The Institute of Internal Auditors Malaysia, joins us to explain why the role must evolve from a reactive "policeman" focused on past compliance to a proactive, forward-looking strategic advisor.
He discusses Malaysia's significant corporate resilience gaps and how internal audit is becoming crucial for navigating modern challenges like ESG compliance and cyber threats.
We discuss:
The shift from a "policeman mindset" to a "trusted business partner."
Why only 2% of Malaysian organizations are prepared for today's key risks.
The growing challenge of ESG compliance and Scope 3 emissions reporting.
How AI is enabling auditors to focus on high-value strategic advisory work.
The "three lines model" for organizational risk and accountability.
For board members, C-suite executives, and risk professionals, this explores how to leverage internal audit as a strategic asset to navigate uncertainty and build a resilient organization.
Presenter: Roshan Kanesan
Producer: Carol Wong
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