The Rock Stars of Internal Audit Were at The IIA's GAM Conference
Larry led off the conference (after the normal routine opening greetings) with the energy and passion that typifies the man. He challenged everybody to “Lead or become Irrelevant”. In particular, he demanded that internal auditors:
- Must think and act as business owners.
- Recognize complacency is our enemy.
- Rethink our [internal audit] business models.
- Change personally.
- Hunger for change.
- Innovate beyond customer expectations – yes, even auditors can innovate.
- Become disruptive by nature, challenge the traditional way of conducting business and drive change.
- Move to a risk-based instead of transaction-based (or even controls-based) style of auditing.
- Allocate resources to address risks to the business, with more resources on higher areas, etc.
- Provide opinions, not just on individual audits, but overall opinions to your Board.
- Make smarter use of technology, including continuous auditing and data analytics.
- Understand GRC and help your organization improve its governance, risk management, and compliance processes.
- Integrate fraud prevention and detection into routine audit activities.
Larry certainly got us going in the right direction, and there were several themes that continued through the conference:
- Change and re-align the internal audit model to meet your potential.
- Improve your use of technology.
- Focus on and understand risk. Be part of the solution as organizations implement risk management.
- Be aware of changes in governance standards and contribute to best-in-class governance processes.
- Add value – and communicate.
I also enjoyed a truly ‘graduate level’ class on risk assessment challenges from Paul Sobel. Paul really thinks through his internal audit model and shared with a packed room some of the challenges in running risk management, and stimulated some interesting thinking. I admit that I really enjoy speakers who make you think!
Another notable presentation, again to a packed house, was by the one-and-only Jennifer Hambert on continuous auditing. Now, while I disagree with her on how to use the technique (I advocate a top risk-based approach that supports the assessment of risk management and related controls), nobody has more passion and energy than Jennifer.
- Richard Chambers
- Rod Winters
- Melvin Flowers
- Steve Goepfert
- Richard Anderson
- Don Robitaille
- Alan Siegfried
- Kiko Harvey
- Tim Leech (maybe more ‘punk’ than rock – smile, Tim)
- Patty Miller
- Larry Rittenberg
- Joe Atkinson
- Brian Brown
By the way, what do you think of that article, now nearly ten years old?
Posted on Apr 9, 2010 by nmarks
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