AMP Limited (AMP) is a leading financial services company in Australia and New Zealand providing superannuation, investment, insurance, banking products and financial advice to customers across the globe. Since AMP merged with AXA Asia Pacific Holdings (AXA) in 2011, AMP has been focused on reshaping the organization to become more customer-centric, contemporary, agile and efficient.
In this profile, David Barry, director of internal audit, discusses how this period of transformational change has had an impact on the internal audit function. AMP’s internal audit team now assesses not only the control environment, but also management’s awareness of risk. This approach allows the internal audit function to assess whether there is a clear link between business performance and risk management.