PSP2 - Internal Audit in Transition: Helping Boards Navigate Risk Effectively
The SID ARCC and The Institute of Internal Auditors Singapore (IIA) explore how the internal audit function is evolving in response to a more complex and fast-changing risk environment. With boards facing growing expectations around oversight of AI, cyber, geopolitical, ESG, third-party and cultural risks, internal audit is increasingly being called upon to go beyond traditional assurance, bringing forward-looking insight, practical advice, and foresight to support better decision-making. This session will examine how internal audit can help boards gain better visibility of emerging risks, focus attention on what matters most, and strengthen organisational resilience. Through practitioner perspectives and panel discussion, participants will also hear how internal audit functions are transforming their approaches, using data and new audit methods, and deepening their value to the board.
Key objectives include:
- Strengthen understanding of Audit Committee roles and responsibilities in line with SGX requirements.
- Highlight the evolving role of Internal Audit from assurance to insight and foresight.
- Equip boards to better oversee emerging and interconnected risks.
- Share practical transformation practices in Internal Audit functions.
- Strengthen alignment between boards and Internal Audit to enhance organisational resilience.
Programme
9.30am: Registration
10.00am: Introduction and Practitioner Sharing
10.35am: Q&A
10.45am: Panel Discussion
12pm: End
CPD Hours : 2
SID members: $130.00 (incl. 9% GST)
Non-members: $160.00 (incl. 9% GST)
Speakers and Panellists

Sia Hwee Lay
Director, Internal Audit Department, GIC Pte Ltd
Ms Sia Hwee Lay is the Director of Internal Audit at GIC. Ms Sia provides assurance and advisory services across investment groups, both public and private markets, as well as corporate services and technology functions. She has over 25 years of experience in the financial services industry, including internal audit at ING Bank, covering wholesale and private banking, as well as external audit at KPMG Singapore and KPMG Melbourne, serving clients in the financial services sector. Prior to joining GIC, she was an Audit Director at Bank of America Merrill Lynch, managing audit activities across the Asia Pacific Global Markets businesses. She currently serves on the Board of Governors of IIA Singapore and co-wrote the article “Incorporating Risk Culture and Conduct in Audits”, which was featured in the IIA Singapore Newsletter in October 2022.

David Toh
Governance, Risk and Compliance and Internal Audit Practice Leader, PwC Singapore
Mr David Toh is the Governance, Risk & Compliance and Internal Audit Practice Leader for Risk Assurance at PwC Singapore. He also leads PwC’s Entrepreneurial & Private Business practice. He has led a range of projects, including reviews of internal controls, business processes, Sarbanes-Oxley Section 404 compliance, control self-assessment implementation, policies and procedures development, enterprise risk management frameworks, fraud risk assessments, fraud investigations and corporate governance. Mr Toh is the President of the Institute of Internal Auditors (IIA) Singapore and Chairman of the Audit & Risk Committee of Yellow Ribbon. He also serves on several boards, including the Securities Investors Association of Singapore, Singapore Children’s Society and SG Growth Capital. He is also a member of SID’s Research and Insights Committee and Chairman of the Institute of Singapore Chartered Accountants’ Corporate Governance and Risk Management Committee.

Rajeev Kadam
President and Global Head, Internal Audit at Olam Group Limited, Singapore
Mr Rajeev Kadam is the President and Global Head of Internal Audit at Olam Group Limited, Singapore. Mr Kadam has worked in the field of internal audit and risk management for the past 30 years. He also led the establishment and development of Olam’s Internal Audit and Risk Management functions. Mr Kadam has also served as a Governor on the Board of The Institute of Internal Auditors Singapore from 2005 to 2008.
Programme
Please register online by 25 June 2026.
Course Enquiries
Should you require assistance, contact us at:
Email : [email protected]
Tel : (+65) 6422 1188
Upon successfully enrolling for the course, you are deemed to have read and accepted SID’s Terms and Conditions.