Malé, Maldives – February 16, 2025
The Internal Audit Association of Maldives (IAA Maldives) has been formally established, marking a major milestone in the country’s efforts to strengthen governance, accountability, and professional excellence in internal auditing. The association aims to create a unified platform for internal auditors, promoting capacity-building, collaboration, and advocacy to elevate the profession to international standards.
IAA Maldives was officially registered on September 1, 2024, and in a remarkably short period, the association saw rapid growth in membership, attracting over 70 professionals from various industries. This strong and immediate interest reflects the increasing recognition of internal audit professionals as key contributors to governance and institutional integrity in the Maldives. On February 16, 2025, the association successfully held its first Executive Committee (EXCO) election, with an impressive 97% voter turnout, demonstrating the commitment and engagement of its members in shaping the future of the profession.
Strengthening Governance and Professional Development
The establishment of IAA Maldives represents a transformative step forward in professionalizing internal auditing across both public and private sectors. With the increasing demand for transparency, risk management, and regulatory compliance, the association is set to play a crucial role in strengthening internal controls, improving corporate governance, and enhancing financial oversight in the Maldives. The association aims to advance the profession by facilitating knowledge-sharing, promoting ethical standards, and providing opportunities for career development for internal auditors across industries.
A Vision for the Future
With the successful formation of its first elected Executive Committee, IAA Maldives now looks toward the future with a commitment to professional excellence, continuous learning, and strengthening the role of internal auditors. The association will focus on building strong industry partnerships, advocating for the adoption of international internal audit standards, and ensuring that members have access to the necessary resources and training to meet evolving industry demands. Through strategic initiatives, IAA Maldives seeks to empower internal auditors to be at the forefront of driving efficiency, transparency, and accountability at all levels.
With a clear mission and dedicated leadership, IAA Maldives is set to become a driving force in shaping the future of the internal audit profession in the Maldives, ensuring that internal auditors are recognized as key stakeholders in governance, risk management and financial oversight.
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