July 2018 | E-Newsletter

 
Data privacy is no longer a buzzword but a cross border compliance requirement for businesses. Enforceable since 25 May 2018, the General Data Protection Regulation (GDPR) is a new data protection law that affects any businesses that are located not only within the European Union (EU) but also any businesses that offer goods or services to EU residents worldwide. In this issue, we will discuss how internal audit can play a key role in reviewing the company’s compliance strategy, perform a gap assessment, provide advisory support to Data Protection Officer, raise awareness of GDPR requirements, perform monitoring reviews of the compliance status, follow-up on incident remediation and closure, and help drive change within the organisation.

Get “InConversation” with our guest, Mr Nicodemus Tan, Associate Director of Financial & Operational Audit at United Technologies Corporation and holder of four IIA certifications, to find out what motivated him to take the exams, his thoughts on the future of internal audit and how data and technology is integrated in his internal audit work plan. Working in Singapore has become even more significant the past month. The landmark Trump-Kim Summit with the meeting of the two Heads of State, took place on our home ground bringing the beautiful Singapore skyline to the world! It shows that where we live is more than a little red dot as the Summit reaffirms Singapore’s neutrality, security and reliability.  The very same qualities every Internal Auditor is proud to have, and always strives to uphold.

Enjoy!

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InConversation with Nicodemus Tan, Associate Director, Financial & Operational Audit, United Technologies Corporation

Internal audit is uniquely the only job that allows one to engage in deep discussions with various stakeholders of all levels of seniority in every department of the company on their work and objectives. These insights allowed me to have meaningful conversations with just about everyone.

 
 
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How can Internal Auditors facilitate GDPR compliance

Internal auditors can play a critical role in ensuring GDPR compliance. They can highlight the risks of non-compliance, help with the data flow, or identify gaps with the regulation by conducting assessments.



Discover more IIA resources here.

 
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Combating Fraud with Digital Forensics Investigations 

Internal audit professionals learnt more about the role they can play in digital forensics investigations at the June instalment of IIA Singapore's monthly Learn At Lunch talks.

 
IIA Academy 1
IIA Academy

The IIA Academy is the go-to source for internal audit training to enlighten you on today's issues and best practices.

 
FOR MORE INFORMATION, CALL US AT +65 6324 9029 OR VISIT WWW.IIA.ORG.SG



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