Internal auditors and IT, a new bond

BANGALORE: MetricStream,  a player in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, has announced that it has entered into a strategic partnership with The Institute of Internal Auditors (IIA) as a part of the 2009 Industry Leader program.

"The internal audit function is at the center of a company’s strategy for effective risk management and sustainable compliance with internal policies and regulatory requirements,” said Gaurav Kapoor, CFO and General Manager at MetricStream. "MetricStream is excited to be a part of the IIA Industry Leader Program. Through this partnership we will support the practice of internal auditing by advocating an integrated and enterprise-wide approach for managing audit programs as the role of internal auditors today extends well beyond the traditional focus on controls and guides business planning, decision-making and performance."

“I’m very pleased that MetricStream has chosen to participate in The IIA’s Industry Leader program and reach out to the worldwide internal audit profession,” said IIA President and CEO Richard Chambers, CIA, CGAP, CCSA. “It’s a win-win, in that IIA members will learn more about MetricStream’s GRC Platform and Audit Management solution, and MetricStream will benefit from The IIA’s network of professionals around the globe.”

Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association and also the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator, it says. The IIA sets the International Standards for the Professional Practice of Internal Auditing (Standards), and provides other timely guidance related to internal control, information technology auditing, risk management, and internal auditing's role in organizational governance.