Rethinking your Internal Audit Approach

01/23/20 • 11 min

Transforming Risk into Confidence: A PwC podcast series

In this episode, Lauren Massey joins Mike Maali to discuss the changes to the internal audit approach and how internal audit will look and feel different after transformation.
We discuss the following questions:
0:44 - How will internal audit transformation change the way that we address risk?
1:55 - What implications will this have for reporting to the Audit Committee and executive management and other forms of reporting?
3:36 - What’s the difference between an audit spectrum and the traditional audit plan?
6:11 - How are the organization's enterprise risk management process and 3 lines of defense working together to play an important role in this transformation?
9:25 - What are some key takeaways to consider when companies are going down their own internal audit transformation journey?
https://www.pwc.com/us/en/services/risk-assurance/podcasts/rethinking-internal-audit-approach.html

Previous Episode

Must-Have Digital Skills of the Next-Gen Internal Auditor

In this episode, Lauren Massey joins Mike Maali to discuss next-gen internal auditor profiles and the impact that digital skills and collaboration will have on internal audit transformation.
We discuss the following questions:
0:45 - How is the internal auditor skill set changing?
2:50 - What does the next-gen internal auditor career progression look like?
4:53 - How are companies, including PwC, going through the process of upskilling current staff?
8:30 - What are the recruitment aspects of the talent strategy and the changes we are seeing for internal audit?

Next Episode

Investor focus on ESG and its impact on corporate reporting

In this episode, Brigham McNaughton joins Kevin O'Connell to discuss how investors are accelerating their focus on environmental, social, and governance (ESG) factors and the challenges that creates for corporate reporting.

We discuss the following questions:
0:36 - What is ESG and what trends are driving the momentum?
2:36 - What are the investors looking for with regard to ESG and what are they most concerned about?
4:54 - What are companies doing to shift operations to focus more on ESG issues?
6:37 - How should a company start the process and who should be included in the discussions?
8:29 - What are some important topics needed in these discussions?
9:23 - How is PwC helping clients build trust in this space?
11:18 - What are some key takeaways to consider around ESG?
For more information, read our blog "Can your organization address mounting investor scrutiny over ESG disclosures?"
Here is IDC's article "Stakeholder-focused approaches to creating a sustainable business - Part 1: PwC helps clients address investors' demand for improved ESG reporting."
https://www.pwc.com/us/en/services/risk-assurance/podcasts/esg-corporate-reporting.html