Protiviti examines next generation of internal auditing

International consulting firm Protiviti has released the 15th annual edition of “Internal Auditing Around the World,” providing insights of internal audit leaders on digital initiatives across industries globally.

The edition is subtitled “Next-Gen Internal Audit – Are You Ready?” and showcases how future-minded internal audit leaders are disrupting the usual ways of thinking, while positioning the internal audit function as a strategic business partner in the minds of board members and senior executive leaders.

Protiviti interviewed 16 organizations about their experiences in dealing with how internal audit teams can adopt more flexible practices, engage the business earlier in the audit process and become more technologically proficient to provide effective risk management more efficiently and predictively. The companies' experiences are presented as case studies in the book. Some of the organizations profiled in the 15th annual edition include Accenture, Anixter, Brinks Home Security, Capital One, Country Road, Deutsche Telekom, DriveTime, Fidelity, Jardine, NTT, Occidental Petroleum, Synchrony and Zain Group.

“Becoming a next-generation business requires a new mindset and cultural change,” said Brian Christensen, executive vice president and leader, global internal audit and financial advisory at Protiviti, in a statement. “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. 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.”

For a copy of the 15th edition, or previous editions, of "Internal Auditing Around the World," visit www.protiviti.com/iaworld.

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