By Nancy Hala, KnowledgeLeader contributing writer
What drives top-performing internal audit (IA) functions today? Internal Auditing Around the World, now in its third volume, tells the stories of 16 successful IA functions and examines common denominators that separate these leaders from their peers. While there certainly are differences among the companies profiled, they share a number of important similarities in terms of philosophies, approaches, performance measurements and lessons learned – and perhaps most notably, the core concept driving IA activities within these organizations is adding value. Volume III captures innovative voices in a wide range of countries and industries.
Organizations from Australia, Brazil, Canada, Japan, Mexico, the Netherlands, the United Kingdom and the United States share insights and experiences with us, in industries as diverse as financial services, nonprofit, healthcare, life sciences, technology, food and beverage, and entertainment. The IA leaders profiled have developed highly effective methods for meeting the challenges brought about by increased globalization and competition, stakeholder expectations and regulatory scrutiny, while striving to add value for their organizations. They do so by providing continuous auditing services; helping to strengthen internal controls; supporting corporate governance initiatives; and offering IA training and guidance to professionals who will continue their careers in key operational, financial and strategic positions throughout the organization.
Given the value added by having strong IA teams, it is not surprising that people play the most essential role in every IA function represented in this book. Demand for highly qualified, talented internal auditors continues to grow throughout the world, as the number of professionals meeting this description shrinks. Most organizations conduct continual recruiting efforts to maintain a robust and effective IA team, with auditors who have not only auditing and accounting backgrounds, but also the necessary interpersonal and communication skills required to build relationships within the organization, as well as the expertise and confidence to work on challenging IA assignments.
The 16 companies featured in this publication are: ABN AMRO; Australia Post; Bunge Limited; CA, Inc.; Foster’s Group; Grupo Bimbo; Lloyds TSB; MGM MIRAGE; NASD; Royal Bank of Canada; Royal Bank of Scotland Group; Royal Philips; Shinsei Bank, Limited; Sigma-Aldrich Co.; and Wells Fargo & Company.
Download the entire booklet:
(61 pages, 2.1 MB)
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(26 pages, 4.5 MB)