Reflecting on Our In-Person Roundtable: Elevating Internal Audit’s Role in Information Security

Thank you to all who joined our recent roundtable discussion with APRA focused on advancing internal audit’s role in information security, particularly in the context of APRA’s CPS 234 Information Security standard. This in-person event brought together internal audit leaders, representatives from APRA, and experts from the Institute of Internal Auditors to tackle critical topics and share insights under Chatham House Rules.

The roundtable discussion covered essential themes, including: 

🔹Insights from APRA on common cyber resilience themes
🔹 Success stories and challenges in auditing information security
🔹 Strategies for internal audit to boost cyber resilience across organizations
🔹 How internal audit can effectively shape board-level decisions on security
🔹 Moving beyond compliance to strengthen internal audit as a strategic advisor
🔹 Leveraging new standards to enhance internal audit’s advisory role

IIA - Australia CEO, Trish Hyde, extends a warm welcome to the roundtable attendees

Key Takeaways

Attendees participated in insightful exchanges on governance, controls, and assurance, and explored collaborative solutions to enhance cyber resilience. We’re inspired by the shared commitment to strengthening internal audit’s value and impact across Australia.

This limited-capacity event allowed for dynamic, high-value discussions. Thanks to our attendees for their participation, and we look forward to future gatherings focused on empowering the internal audit profession.

APRA’s insights shared during the roundtable discussion were drawn from their extensive tripartite reviews, shedding light on both commendable practices and areas that could be fortified across the industry. This approach highlighted APRA’s commitment not only to identifying gaps but also to championing cyber resilience by offering constructive feedback and guidance. By sharing these insights, APRA encourages a proactive stance on cyber security, helping institutions strengthen their defences and better protect customer data in an evolving digital landscape.

IIA - Australia Technical Manager, Hayley Elson, outlines the new Global Internal Audit Standards.
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