The academy is navigating through the complex landscape of regulated complexities, digital progress, cybersecurity concerns, and stringent governance demands, the role of the internal audit team has evolved considerably from their limited role of ensuring the correctness of statements submitted. Currently, the mentorship training is undergoing a shift towards exam-centered learning, real-case studies, analytics-based audit methodologies, technology governance outlooks, and risk assessment methodologies.
These efforts aim to fill the gap that exists between theoretical knowledge and application by preparing students for roles in internal auditing, risk management, compliance, or governance in various sectors including finance, consulting, manufacturing, technology, or public service.
Speaking on achieving this milestone, Mr. Puneet Garg, Founder of the Academy of Internal Audit, said;
“It is imperative that learning is made more practical, allowing these professionals to remain relevant in the current risk universe,” concluded Mr. Garg.
He emphasized the need for training that is globally relevant in preparing professionals to meet the challenges of new risk environments, regulations, and technology-based audit practices.
The Academy of Internal Audit is a prestigious educational body that specializes in training young generations of audit, risk, and governance specialists. Right from its inception, the Academy of Internal Audit has benefited students with diverse educational backgrounds to get employment with global firms, consulting firms, banks, and the public sector in India as well as abroad. Its members work in various capacities related to internal audit, compliance, IT audit, forensic services, or enterprise risk management.
Having an emphasis on global standards, the guidance of seasoned mentors, and learning through outcome-based training, AIA remains a critical contributor to improving the skill pool of India’s audit community as it prepares members for the challenges of the dynamic business environment.
Future Considerations: Being faced with challenges of regulations and advancements in technology, it is anticipated that the need for sophisticated training in the area of audit is likely to witness an increase. Future training programs in this area would likely focus on ESG audits, forensic analytics, AI-powered audit solutions, and risk management strategies. Reaching 1,000 trainees is a milestone in India’s progress to become more adept at audit and governance practices, adhering to global trends.
