Audit Transformation Establish a transformation vision and goals. Make the case for change. Status quo and legacy ways of working will result in falling behind rather than keeping up. Internal Audit leaders need to embrace the need for change and key Internal Audit stakeholders need to expect it. Business initiatives, regulatory requirements, and technology have all been subject to significant change; Internal Audit functions need to change and evolve simply to keep up and must embrace transformation as a business-as-usual activity, continue to position for the future needs of the organisation. We help establish transformation priorities and plans, and support in their implementation, offering advice on leading practices and strategies to deliver successful outcomes and enable change. Embrace a change mindset and view transformation as an imperative Our Audit transformation services Pro Briefcase Transformation Strategy & Planning Support all aspects of the transformation journey from establishing a vision and strategic plan to implementation and change management. Pro Building office Controls Program Strategy Establish highly efficient and effective control testing programs that serve the needs of multiple stakeholders (internal and external) and leverage the latest technologies and tools. Embed a controls-mindset across the organisation. Pro Document Stack Quality Assessment & Leading Practices Assess conformance to standards of professional practice, regulatory expectations, and general leading practice. Leverage proprietary frameworks and capability maturity models to support the development of roadmaps. Pro Document Consent Audit Committee Advisory Engage with and advise Executives and Audit Committee members on their risk oversight responsibilities as well as leading practices related to engagement with and assessment of the organisation’s Internal Audit function and leaders. Evaluate current state, define transformation strategy, and start the transformation journey Our approach Evaluate current state practices against professional standards, regulatory expectations, and leading practice. Establish a view of current state, capability maturity, and existing leading practices. Work with internal audit leaders and key stakeholders to establish a roadmap. Define Transformation Strategy We understand strategies and needs of the broader organisation and support internal audit leaders in translating those into an Internal Audit Transformation Strategy & Plan. Transform We support all aspects of the transformation journey from establishing a vision and strategic plan, helping to build sourcing and talent strategies, updates to risk assessment, delivery, and reporting practices, improved coordination, and collaboration with other assurance functions, and driving increased use of data and technology. Evaluate current state, define transformation strategy, and start the transformation journey Key partners Leadership Erika Ray With 25 years of experience, Erika’s specialises in advising our internal audit clients through strategic change and transformation. Her prior roles in consulting and leading internal audit functions in industry, uniquely position her to assist clients with proven ... Learn More Michael Thor Michael Thor is a Managing Director in the Internal Audit practice of Protiviti. He has over 21 years’ experience in providing internal audit as well as operational, financial, and IT consulting services to organisations across a variety of companies within financial ... Learn More Featured insights SURVEY From AI to Cyber - Deconstructing a Complex Technology Risk Landscape Protiviti’s global internal audit survey 2024 highlights the challenges and technology risk trends faced by internal auditors worldwide. Download the report. WHITEPAPER EMPOWERING THE PROGRESS OF SOX INNOVATION WITH ANALYTICS AND AUTOMATION Key takeaways and findings from a SOX Compliance Poll of Audit and Finance Executives and Professionals... BLOG Survey Finds Internal Audit Leaders See Urgent Need to Confront Skills Gaps in AI and Cybersecurity In today’s turbulent business landscape, boards of directors and senior leaders are looking to internal audit to be a trusted adviser that can help the organization navigate risk and change successfully. Chief audit executives (CAEs) who prioritize... BLOGS Understanding the Global Internal Audit Standards Republished from a three-part series of articles on The Protiviti View, our blog featuring commentary, insights and points of view from Protiviti leaders and SMEs on key challenges and risks companies are facing today, along with new and emerging... SURVEY 2024 Top Risks for Chief Audit Executives CAEs see a riskier near- and long-term environment than do most of their colleagues in the executive suite. Of all C-level respondents to our latest Top Risks Survey, internal audit leaders ascribe the highest-magnitude ratings to risks they expect... WHITEPAPER Internal Audit’s Role in Supporting Sustainability Reporting Environmental, social and governance (ESG) guidance, stakeholder demands and regulatory mandates are evolving and becoming more specific, and the time of taking a “soft approach” to sustainability reporting has passed. As the need to provide, or... Button Button
