THE role of internal auditors has become increasingly important especially when it has to keep up with changing technologies, practices and laws.
Attorney-General Aiyaz Sayed-Khaiyum said it was the duty of internal auditors to ensure that organisations adhered to good governance and principles.
"The topic raised this morning is who should they trust?
"Trust should be placed in the system itself," he said.
"For example, the criminal liability and responsibility now in place in the Crimes Decree is on the directors of the corporate themselves."
Mr Sayed-Khaiyum said the Companies Act would come into effect on January 1, next year.
Therefore, he said, this placed additional responsibility on the auditors to ensure that the system and the processes of the organisation were working.
"As we have seen many times that internal auditors have overlooked some of the anomalies within the organisation. "Internal auditors have sometimes overlooked some of the problems because of the pressure of the management or because it is to do with their peers."
Speaking at the Institute of Internal Auditors annual conference at the InterContinental Golf Resort and Spa in Sigatoka yesterday, Mr Sayed-Khaiyum urged members of the institute to make sure they carried out their job thoroughly as required.
The two-day conference ends today.