Stefano Comotti Takes Helm as Global Board Chair
The Institute of Internal Auditors (IIA) recently announced that Stefano Comotti, CIA, CRMA, has been appointed as the Chair of the Global Board for the upcoming term of 2025 – 2026. This decision was made public during a major IIA conference, emphasizing their commitment to leadership in the audit industry.
Leadership Journey of Stefano Comotti
Mr. Comotti comes from a distinguished career in the luxury goods sector and has an impressive background filled with significant leadership positions, including roles at Ernst & Young and Gucci Group. With over thirty years of experience, Comotti has developed profound expertise in financial auditing, risk management, and corporate governance. His innovative approach has previously helped establish frameworks for risk management while also advocating for social and environmental audits across global supply chains.
A Record of Service
Before becoming the Global Board Chair, Comotti served as the Global Senior Vice Chair for the 2024 - 2025 term and as the Outside North America Lead Director for the preceding year. His extensive service record with the IIA positions him to effectively guide and represent the internal audit profession.
Stefano's Vision as Chair
In his new role, Comotti aims to advance the internal audit profession through his platform, 'Be The Future.' This vision encourages internal auditors not only to secure their place at the strategic decision-making table but to truly embrace their roles as forward-thinking advisors. His strategic focus will include key areas such as:
Leveraging Technology
Comotti emphasizes the need to harness cutting-edge technology. He aims to equip auditors with the necessary skills to utilize artificial intelligence and automation tools effectively while adapting their risk frameworks to meet the challenges posed by technological advancements.
Addressing Stakeholder Expectations
Comotti’s agenda includes a proactive approach to rising stakeholder expectations, guiding practitioners to align risk insights with strategic guidance that fosters trust and meets the evolving demands of the corporate landscape.
Leading with Purpose
With a deliberate and purposeful approach, Comotti is committed to ensuring that the IIA and its members forge a resilient and agile profession, capable of delivering substantial value in an ever-changing environment. He reflects on the importance of guiding organizations through complex factors such as technological shifts, geopolitical uncertainties, and ongoing regulatory changes.
Speaking about his new role, Comotti expressed, "I'm honored to take the reins as The IIA's Chair of the Global Board at such a pivotal time for our profession. Now, more than ever, internal auditors must lead with clarity and purpose, guiding organizations through technological disruption, geopolitical uncertainty, and regulatory change."
About The Institute of Internal Auditors
The Institute of Internal Auditors (IIA) is a global professional association dedicated to serving over 265,000 members worldwide. With a rich history since its establishment in 1941, the IIA leads the internal audit profession in establishing standards, providing certifications, and offering educational resources aimed at ensuring practitioners are equipped for success. Their commitment to excellence has resulted in the issuance of more than 200,000 Certified Internal Auditor (CIA) certifications globally.
Frequently Asked Questions
Who is Stefano Comotti?
Stefano Comotti is the newly appointed Chair of the Global Board for The Institute of Internal Auditors, starting his term in 2025.
What is Comotti's professional background?
He has over three decades of experience in leadership roles, primarily in the financial audit and luxury goods sectors.
What does Comotti's platform 'Be The Future' aim to accomplish?
The platform encourages internal auditors to embrace their roles as strategic advisors and innovate in their practices.
How does Comotti plan to leverage technology in his role?
He intends to equip audit professionals with the skills to utilize AI and automation while updating risk management frameworks accordingly.
Why is Comotti's leadership significant at this time?
His leadership comes at a crucial moment when the audit profession faces rapid technological disruption and evolving stakeholder expectations.
