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Accounting

“Internal Auditing Around the World” Profiles Organizations Embracing Next-Gen Internal Audit Functions

The new edition of Internal Auditing Around the World asks how internal audit teams can adopt more agile practices, engage the business earlier in the audit process and become more data-and technology-enabled to provide effective risk management more effi

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In the 15th edition of the Internal Auditing Around the World series, global consulting firm Protiviti shares a collection of in-depth insights from internal audit leaders across the globe as they look to embrace the digital era and overcome the challenges of disruptive change. The 2019 publication highlights ways in which future-minded leaders are proactively disrupting traditional patterns of thinking and methodology and are assuming greater leadership roles, with the result that boards and executives are increasingly perceiving internal audit as a strategic business partner.

The organizations profiled in the latest edition, titled “Next-gen Internal Audit – Are You Ready?” represent a cross-section of countries and industries and include Accenture, Anixter, Brinks Home Security, Capital One, Country Road, Deutsche Telekom, DriveTime, Fidelity, Jardine, NTT, Occidental Petroleum, Synchrony and Zain Group, among others.

“Becoming a next-generation business requires a new mindset and cultural change. To help the business transform, internal audit needs to look forward, adopt an agile approach and actively seek to shift from being a risk- and change-averse function to being a center for innovation,” said Brian Christensen, executive vice president and leader, global internal audit and financial advisory, Protiviti. “This means balancing new internal audit models with the right technology, resources and methodologies, underpinned by governance and infrastructure. For organizations that don’t want to get left behind in the digital era, the time to begin addressing these issues is now.”

The new edition of Internal Auditing Around the World asks how internal audit teams can adopt more agile practices, engage the business earlier in the audit process and become more data-and technology-enabled to provide effective risk management more efficiently and even predictively. Sixteen organizations were interviewed and their experiences in dealing with these questions are presented as case studies in the book.

To download a complimentary copy and view past editions of Internal Auditing Around the World, please visit www.protiviti.com/iaworld.