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Internal Audit’s New Groove? From Policeman to Partner

Derek Lee, Vice President, The Institute of Internal Auditors Malaysia

11-Jul-25 12:00

Internal Audit’s New Groove? From Policeman to Partner

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.

Produced by: Carol Wong

Presented by: Roshan Kanesan


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Categories:  economyCorporates

Tags:  internal auditrisk managementcorporate governanceESG compliancecybersecurity





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