GACL Internal Audit Awareness Month launched

The month of May has been designated as International Internal Audit Awareness Month, a period during which audit professionals around the world work to highlight the value of internal auditing to businesses and organizations. In line with this global observance, the Internal Audit Department of Ghana Airports Company Limited (GACL) has launched the Internal Audit Awareness Week, under the theme: “Resilient Organisations: The Role of Internal Auditors.”

Speaking at the event, the Managing Director of GACL, Mrs. Yvonne Nana Afriyie Opare, commended the Internal Audit team for taking the initiative to create much-needed awareness about the critical role the function plays in the organization.

She noted that the Internal Audit Department continues to make significant impact within GACL by enhancing operational efficiency and effectiveness. According to her, the observance of Internal Audit Awareness Month presents a timely opportunity to collaborate more proactively with stakeholders to identify and manage emerging risks.

In his remarks, Chairman of the Audit Committee, Nana Gyamfi, emphasized the need to demystify the role of Internal Audit, stressing that it was not about witch-hunting, but rather a vital function that drives organizational growth and enhances performance.

He noted that Internal Audit provides independent and objective assurance on the effectiveness of internal processes, while also offering strategic advice on best practices to improve operational efficiency. He commended the department for consistently delivering credible reports that support informed decision-making.

While congratulating Management, staff and the Audit team for emerging the best SOE for Enterprise Risk Management Compliance for the year 2023, he charged management to invest in continuous training and provide the department with the necessary technological tools to enhance their effectiveness.

In his welcome remarks, Mr. Kwaku Owusu Odame, Director of Internal Audit, Compliance, and Risk Management, referenced a quote by Professor Peter Drucker: “Innovate or die,” emphasizing that continuous innovation was essential for GACL to remain competitive and relevant.

He stressed that Internal Audit must evolve in response to change – proactively supporting management in achieving corporate objectives while adding measurable value to the organization. Mr. Odame also pointed out the significant gap between the mandate of Internal Audit and stakeholder perceptions, which often leads to unrealistic expectations.

He noted that the month-long awareness programme, endorsed by the Institute of Internal Auditors, presents a valuable opportunity to bridge this gap – raising awareness about the profession, correcting misconceptions, and deepening the business community’s understanding of the essential role Internal Audit plays in organizational success.

The Internal Audit Awareness Week will feature activities aimed at promoting understanding of the department’s contribution to organizational resilience and success.