Welcome to the IIA Malta Chapter!
Become a Member
IIA OnDemand Learning
Are you a modern Internal Auditor seeking flexible, self-paced education? IIA OnDemand Learning is the perfect professional development solution!
IIA OnDemand Learning-
2025, April 11: CPE Seminar "Artificial Intelligence (AI) in Internal Audit"
This session explores how AI is transforming internal audit functions, enhancing efficiency, and identifying risks with greater precision. It covers the critical process of auditing an AI system, covering key methodologies, compliance considerations, and ethical implications. The talk also addresses risks in AI from an internal audit perspective, highlighting challenges such as bias, transparency, and governance.2025, March 24: CPE Seminar "Successfully Developing and Implementing an Internal Audit Data Analytics Strategy"
Data analytics is increasingly becoming a core area of internal audit activity. This session explores ten tips to effectively develop and implement a successful data analytics strategy into the internal audit function and ensure that it delivers the expected gains.2025, February 18: Meeting with the Malta Financial Services Authority (MFSA)
An IIA Malta delegation led by its Chairperson met with the MFSA's Chairman, Chief Executive Officer, and Chief Officer Supervision to discuss the ever-growing importance of the internal auditing profession in strengthening organisations' value creation, protection, and sustainability; their governance, risk management, and control processes; and their reputation and credibility with stakeholders both within and beyond the local financial services industry.Key topics tackled included the relevant legal and regulatory frameworks; the newly revised Global Internal Audit Standards issued by the IIA; and the MFSA's continued support to IIA Malta towards elevating internal audit professionals in Malta through stronger member competencies and professional education and certifications.
2025, February 10: Renewed Sponsorship Agreements
IIA Malta is pleased to announce that it has renewed its Platinum sponsorship agreements with KPMG Malta and PwC Malta, and its Gold sponsorship agreement with EY Malta, for 2025.
-
2024, December 5: CPE Seminar "Auditing Corporate Culture and Ethics"
This session covers the critical role of Internal Audit in promoting and maintaining an ethical corporate culture. The Global Internal Audit Standards emphasise that internal auditors must encourage and promote an ethics-based culture within the organisation. This training delves into why an ethical corporate culture is essential for distinguishing a company from its competitors and how it can lead to higher employee morale, stronger financial performance, and an enhanced reputation.2024, November 21: CPE Seminar "The New Global Internal Audit Standards"
This session aims to explore the updates brought by the 2024 Global Internal Audit Standards issued by the IIA in January 2024. These new Standards consolidate multiple guides from the 2017 framework, merging the mandatory and implementation guidance into one inclusive document. Key updates include the essential conditions for the Board and senior management, Internal Audit strategy, integrated assurance and the Internal Audit plan, report and findings ratings, and enhanced requirements for external quality assessments.2024, November 7: CPE Seminar “Third Party Risk Management – Outsourced Functions"
This session is intended to provide participants with an overview of the approach to effectively audit and manage risks associated with outsourcing critical business functions, including information security, cybersecurity, privacy, reputational, regulatory and strategic risks. It is particularly timely given the impending implementation of the Digital Operational Resilience Act (DORA) in January 2025, which introduces new regulatory requirements within the European Union.
2024, August 29: Annual General Meeting 2024
IIA Malta held its first Annual General Meeting on 29 August 2024. No election was held given that the number of candidates (nine), who sought to form part of the Main Committee for 2024-2026, equated to the maximum number stipulated by the Bylaws. These candidates were:
Existing Committee Members
Alex Azzopardi – Partner, Risk Consulting Advisory, KPMG Malta
Giancarlo Millo – Group Chief Internal Auditor, Mizzi Organisation
Aidan Massa – Head, Internal Audit Department, Central Bank of MaltaNew Committee Members
Isabel Cutajar – Head of Internal Audit, Collinson Insurance
Elena Dourou – Chief Internal Auditor, BOV Group
Bernard Mallia – Chief Internal Auditor, MAPFRE Malta
Andrew Said – Deputy Head of Internal Audit, MFSA
Stefan Tanti – Head of Internal Audit, Sparkasse Bank Malta
Alicia Vella – Director, Forvis Mazars MaltaFormer committee members Glenn Cassar and Ingrid Azzopardi did not seek re-election. The Main Committee takes this opportunity to thank them both for their invaluable work over the past years.
2024, July 23: Sponsorship Agreements with KPMG Malta and EY Malta
IIA Malta is pleased to announce that it has signed a platinum sponsorship agreement with KPMG Malta and a gold sponsorship agreement with EY Malta for a period up to 31 December 2024.
2024, July 17: CPE Seminar “Auditing Smarter and Faster with AI"
This seminar aims to demonstrate how Internal Auditors can leverage Generative AI (GenAI) tools such as ChatGPT and Copilot to enhance their audit process. Such tools can significantly improve productivity, but as with all tools, they are not free from risks. The session’s objectives are to (a) understand GenAI and tools like ChatGPT; (b) consider how GenAI fits in the Global Internal Audit Standards (GIAS); (c) learn the basic building blocks to craft an effective prompt; (d) take inspiration from practical use cases demonstrated with ChatGPT; and (e) explore the risks and benefits associated with GenAI.
2024, July 12–14: Participation in IIA Global Assembly 2024
IIA Malta was invited to attend the 2024 IIA Global Assembly "Where it all Comes Together" which was held in Washington, USA. IIA Malta’s Chairperson, Alex Azzopardi, participated in the 2-day assembly where a number of topics were discussed, including the IIA’s Vision 2035 findings, artificial intelligence, certifications strategy, topical requirements, and global collaboration initiatives.
2024, May 8: CPE Seminar “Auditing the Second Line”
Internal Audit must evaluate and contribute to the improvement of governance, risk management, and control processes. If certain Second Line functions are deemed critical to monitoring and/or providing assurance on the effectiveness of risk management and internal control, Internal Audit must evaluate the effectiveness of those functions relative to this objective. This session focuses on key areas which need to be considered when auditing the Second Line, and addresses the safeguards which must be implemented if Internal Audit is also assuming the role of Second Line.
2024, April 17: Sponsorship Agreement with PwC Malta
IIA Malta is pleased to announce that it has signed a platinum sponsorship agreement with PwC Malta for a period up to 31 December 2024.
-
2023, November 27: CPE Seminar “CSRD & ESRSs – An Update”
The enacted Corporate Sustainability Reporting Directive (CSRD) mandates large and most listed companies in the EU, including Malta, to adopt sustainability reporting, with disclosure requirements governed by the approved European Sustainability Reporting Standards (ESRSs). Internal auditors will play a crucial role in the successful implementation of the CSRD and ESRSs. This online seminar was intended for internal auditors to gain knowledge of this Directive and related Standards and to keep abreast of developments on the topic.
2023, October 26: CPE Seminar “Fraud Prevention and Detection”
Environmental, geopolitical, financial and social pressures are creating a risk landscape that is more volatile than ever. This volatility complicates the challenge of preventing fraud and other economic crime. As organisations act quickly to navigate change, bad actors look to exploit the potentially widening cracks in fraud defences. This online seminar has focused on the types of fraud, the perpetrators and how to detect them. The session also addressed how companies can prepare, prevent and respond to fraud to emerge stronger.
2023, July 31: CPE Seminar "Auditing Corporate Governance"
An online seminar was held for internal auditors on the topic of corporate governance. The session focused on how internal audit strengthens corporate governance through risk-based audits and its key role in assessing Board effectiveness and succession thereof, internal control functions, stakeholder engagement and the corporate culture. The session considered specific corporate governance aspects, such as the level of interaction between the Board and senior management, including the communication between the Chairperson of the Board and the Chief Executive Officer.
2023, July 7–9: Attendance to the IIA Global Assembly 2023
IIA Malta was invited to attend the 2023 Global Assembly "Where it all Comes Together". Alex Azzopardi attended the 2-day assembly where a number of topics were discussed including the vision for the profession to be achieved by 2035, an update on the evolution of the IPPF, and new avenues of collaboration between the affiliates.
Chapter News and Events
-
Welcome to the IIA Malta Chapter
IIA Malta became a Chapter of the Institute of Internal Auditors (IIA) in August 2023. The organisation was founded in 2007 as the Malta Forum for Internal Auditors (MFIA) and it has been working on a voluntary basis to boost awareness and education about the role of the internal auditor, and to facilitate networking and exchanging of views between internal auditors in Malta.
The main objective of the Chapter is to provide dynamic leadership for the profession of internal auditing in Malta. In support of this mission, the Chapter will:
- Advocate for the profession – promote the value of the internal audit profession and represent the interest of internal audit professionals.
- Strengthen the Maltese internal audit professional network – foster greater collaboration between internal audit professionals in Malta by becoming a natural home for practitioners through a thriving and growing membership.
- Provide for stronger member competency and professional development – providing comprehensive professional education and development opportunities.
Chapter Officers
Alex Azzopardi
Chairperson
Giancarlo Millo
Vice Chairperson
Aidan Massa
Secretary
Isabel Cutajar
Officer
Elena Dourou
Officer
Bernard Mallia
Officer
Andrew Said
Officer
Stefan Tanti
Officer
Alicia Vella
Officer
-
Welcome to the home of internal auditors in Malta. At IIA Malta, we look forward to continuously be of service to the community of internal auditors practicing locally. We serve a small well-knit community of internal audit professionals within a rapidly evolving commercial environment. IIA Malta looks to the future knowing that the internal audit profession will play a pivotal role in enabling the entrepreneurial community navigate the upcoming changes and capitalise on opportunity.
In looking to the future we are also aware and proud of our past - an organisation that has been serving internal auditors in Malta since 2007. And our past sets a high benchmark we are confident of achieving as we set forth in this new leg of our journey as part of the IIA. Based on our three fundamentals of Advocacy, Outreach and Continuous Professional Education, we look forward to contributing towards elevating the internal audit profession. -
Platinum Sponsors
Gold Sponsors
Interested in becoming a member?
Membership means access to our standards, guidance, networking, opportunities, and savings on world-class training.
Become a MemberInterested in becoming certified?
Earning a professional credential is essential to strengthening your knowledge base and be distinguished from your peers.
Become Certified