World Class Internal Auditing
Join Norman Marks and Paul Sobel for a conversation about what it takes to have a world-class internal audit function. Norman Marks, who is not only an OCEG™ Fellow but an Honorary Fellow of the Institute of Risk Management, led the internal audit...
Join Norman Marks and Paul Sobel for a conversation about what it takes to have a world-class internal audit function. Norman Marks, who is not only an OCEG™ Fellow but an Honorary Fellow of the Institute of Risk Management, led the internal audit activity at global corporations for about 20 years; he is the author of World-Class Internal Audit: Tales from my Journey and a new book, World Class Risk Management. Paul is the Vice President/Chief Audit Executive of Georgia-Pacific LLC and a former Chairman of The Institute of Internal Auditors.
Norman and Paul will share their views on topics such as:
- Our world is constantly changing and change is the order of the day. Has a gap been created between the value executives and boards need and what IA has traditionally delivered? Is it time for transformation?
- In today’s world of rapidly changing risk profiles, how has risk-based internal auditing changed? Should we now call it enterprise risk-based auditing?
- Is our primary mission assurance or consulting/advisory?
- How often should the audit plan be updated?
- Are audit reports the best way to communicate results?
- Should the CAE issue a formal report on the adequacy of internal control? What about an opinion on the management of risk?
- IT-related risks continue to grow; how should a CAE determine how many of his scarce resources should be devoted to technology?
- Of the new Principles for Effective Internal Auditing, which is your favorite and why?
- How do you build relationships with executive and operating management?
- How do you get the best out of an internal audit team?
- What does a savvy CAE do to win the war for talent?
- Does IA need to educate the audit committee of IA’s potential so that it demands more?
- What is world-class internal auditing?
Learning Objectives
- Understand how internal audit needs to adapt to a dynamic, constantly changing world
- Hear from two thought leaders about the evolution of risk-based auditing
- Obtain Norman and Paul’s insights on audit reporting and communications with our stakeholders
- Learn what it takes to be recognized as world-class internal auditor
Featured in: Assurance / Audit
