By Nancy Hala, KnowledgeLeader contributing writer
Around the world, organizations face escalating financial, operational, strategic and physical risks that have been increasing steadily in terms of impact, likelihood and complexity. This should come as no surprise as the pace and complexity of change continues to accelerate regardless of geography. Corporate governance regulations and guidelines, financial reporting requirements, operational efficiencies, customer satisfaction levels – all these factors drive the internal audit functions of multinational companies to add value beyond any standard that has been set in the past.
Protiviti’s publication Internal Auditing Around the World - Volume II continues to detail internal audit best practices, processes and strategies being employed at some of the world’s most successful companies.
The 14 companies featured in this publication include: Amcor Limited; Australia and New Zealand Banking Group Limited; The Automobile Association Limited; ConAgra Foods, Inc.; DaimlerChrysler; Eircom; Japan Tobacco Inc; National Bank of Canada; Raytheon Company; T-Mobile USA, Inc.; Telecom Italia Group; Telstra Corporation Limited; Time Warner Inc.; Wolseley Plc.
Each of these 14 companies represents different regions, industries and markets. They are highly successful organizations competing in a dynamic global landscape. Excellence is the benchmark for these organizations – their internal audit functions have been shaped and, in some cases, reinvented by this level of achievement.
The primary objective of any internal audit function is to provide assurance to the audit committee and management regarding the efficacy of controls, management of risk and effectiveness of corporate governance. However, the companies featured in this book go beyond those objectives.
The booklet was produced from Performer Profiles published on KnowledgeLeader.
Download the entire booklet:
(55 pages, 1.15 MB)
Download the entire booklet in Japanese:
(42 pages, 2.3 MB)