Estée Lauder Companies, founded in 1946 in New York, is a global leader in makeup, skin care, fragrance and hair care products. Its internal control team focuses on risk assessment, operational and compliance reviews, Sarbanes-Oxley testing and compliance, and managing internal talent to ensure the function is at peak performance in the midst of ongoing change and evolution throughout the company.
In this profile, Bob Tyler, Corporate VP and Chief Internal Control Officer, discusses the importance of internal audit taking initiative. Tyler believes internal audit has to proactively put many of its services in front of business owners for them to see the value add, and leverage internal audit. The challenge is motivating business units to ask for internal audit services.