Enhancing Audit Committee Excellences through Internal Audit. 21 November 2017
|
|
- Scarlett Burns
- 6 years ago
- Views:
Transcription
1 Enhancing Audit Committee Excellences through Internal Audit 21 November 2017
2 Sharpen and Strengthen Excellences of Audit Committee Recent Trends and Emerging Challenges Global and Emerging Trends Roles and responsibilities of Audit Committee Challenges and Priorities for Audit Committee Maximizing the value of Internal Audit Trends and Key Considerations for Internal Audit Future State of Internal Audit Quality Assessment of Internal Audit Regulatory Provision vs Quality Improvement Reason for Quality Assurance Review Added Value of External Quality Assessment Key Takeaways Benchmark your view of Internal Audit Key Takeaways 2
3 Global Trends Emerging Challenges Extracted from 2017 KPMG Global Audit Committees Survey 3
4 Global Trends Risk Management Almost 50% of Global Audit Committees survey posted concerned about the effectiveness of risk assessments Almost 50% said they need to take more time and expertise to oversee major risks agenda 4
5 Global Trends Cyber and Digitalization 28% of Global Audit Committees survey concerned about cyber security risks 1/3 said the most significant gaps are from (a) organizational culture and awareness and (b) technology up to date The company s cyber risks shall be escalated to the board as a business or enterprise risk not just simply the cyber risk 5
6 Global Trends Organization Culture 24% of Global Audit Committees survey posted concerned about tone at the top and organization cultures Governance and culture 1/5 said they are not satisfied with the current tone at the top and organization culture 6
7 Global Trends Value of Internal Audit More than 50% of Global Audit Committees survey suggested that Internal Auditors should expand audit plan to be flexible to cover risks and changes in business conditions 1/5 said they expect Internal Auditors to assess/audit the culture of the organization and enhance value of IA 7
8 Global Trends Value of Internal Audit 8
9 Global Trends Value of Internal Audit Opportunity for improvements! Only 10% agrees that IA function adequately identify and responds to emerging risks 9
10 Global Trends Value of Internal Audit 10
11 Global Trends Value of Internal Audit 11
12 Roles and Responsibilities of Audit Committee Generally, Audit Committee has the oversight responsibilities over financial reporting, internal control, auditing, and other traditional areas of compliance Are the roles of Audit Committee evolving? And what factors are driving changes?? Market and Economic Volatility More complex business environment Going forward, audit committee should stay ahead of the game by creating value from internal audit Changing Risk Landscape Increasing demand for regulatory compliance and scrutiny from authorities 12
13 Challenges and Priorities for Audit Committee Risk Management as the top concern Increasing volatilities and uncertainties Tone at the top strengthened culture Evolving regulatory compliances Disruptive and emerging technologies Demanding increased information and transparency Audit Committee has to play a prominent role in overseeing risk management system and internal audit Internal Audit serves as a valuable resource to help Audit Committee respond to those critical challenges with a significant role in evaluation of risk management and internal control 13
14 Challenges and Priorities for Audit Committee Establishing and maintaining the effective internal audit is the key The challenges for Audit Committee is to optimize Internal Audit resources and redefine Internal Audit s roles to focus on the critical risks of business Internal audit focuses not just financial and compliance issues but critical risks of the businesses Internal audit function needs to leverage more on advanced technologies to improve the quality and effectiveness of their work such as data analytics, integrated information system, etc Valued-added Model Internal audit should ensure the appropriate and adequate resources in order to achieve its mandate and objectives 14
15 Sharpen and Strengthen Excellences of Audit Committee Recent Trends and Emerging Challenges Global and Emerging Trends Roles and responsibilities of Audit Committee Challenges and Priorities for Audit Committee Maximizing the value of Internal Audit Trends and Key Considerations for Internal Audit Future State of Internal Audit Quality Assessment of Internal Audit Regulatory Provision vs Quality Improvement Reason for Quality Assurance Review Added Value of External Quality Assessment Key Takeaways Benchmark your view of Internal Audit Key Takeaways 15
16 Trends and Key Considerations for Internal Audit Risk Assessment and audit plan The changing risk landscape demands the internal audit function to focus on emerging risks and revisit their audit plan Cybersecurity and Technology risks Cybersecurity and technological risks become critical factors for many businesses, which poses significant challenges to companies Integrated Assurance The organization expected internal audit to integrate the enterprise risks and work together with other assurance functions Culture/Soft Controls Culture has become critical factor for company s success It is more important than ever to reinforce strong organization culture Regulatory Compliance The organizations are affected by the increasing numbers of regulatory requirements and compliance risks 16
17 Next State of Internal Audit Driving towards value-added model The role of internal audit has to go far beyond normal regulatory compliance review, but to encompass activities related to value creation 1 Getting involved in business matters and playing more strategic advisor 2 Focusing on critical risks to the business, including key operational risks 3 Integrating technological advancements into audit approach such as data analytics, enterprise-wide data management, etc 4 Balancing the role of internal audit and ensuring the right skills of resources are fulfilled 17
18 Sharpen and Strengthen Excellences of Audit Committee Recent Trends and Emerging Challenges Global and Emerging Trends Roles and responsibilities of Audit Committee Challenges and Priorities for Audit Committee Maximizing the value of Internal Audit Trends and Key Considerations for Internal Audit Future State of Internal Audit Quality Assessment of Internal Audit Regulatory Provision vs Quality Improvement Reason for Quality Assurance Review Added Value of External Quality Assessment Key Takeaways Benchmark your view of Internal Audit Key Takeaways 18
19 Does Internal Audit become a valuable resource for Audit Committee? 19
20 Quality of Internal Audit - Considerations Does internal audit have a concrete understanding of business and associated risks? Has internal audit added value to the organization? Is internal audit size and structure appropriate to deliver its annual audit plan? Is internal audit effective in improving the quality and effectiveness of governance, risk management and internal control process? Does internal audit have a right people strategy to achieve its objectives? Does internal audit have a risk based audit plan based on appropriate risk assessment? 20
21 Quality of Internal Audit - Considerations Has internal audit added value to the organization? Is internal audit effective in improving the quality and effectiveness of governance, risk management and internal control process? Does internal audit have a concrete understanding of business and associated risks? An increasing demand from stakeholders requires internal audit to expand its roles to be more proactive and encompass activities to value-added model Is internal audit size and structure appropriate to deliver its annual audit plan? With the requirements to assess conformance with IIA-Standards, Internal Audit has to undergo Does quality internal assurance audit have a right people strategy to review to evaluate achieve efficiency its objectives? and effectiveness of IA processes; identify opportunities for enhancement Does internal audit have a risk based audit plan based on appropriate risk assessment? 21
22 Reasons for External Quality Assurance Review Regulatory Provision IIA Standards (1312) External assessments 1 must be conducted at least once every five years by a qualified, independent assessor or assessment team from outside the organization 2 Build stakeholder confidence Despite the scrutiny from various stakeholders, it present how effective and efficient the organization s internal control, governance, and risk management processes are delivered Quality, risk, internal controls 3 Commit to quality and best practices Benchmarking of existing process, procedures and practices with other firms and identifying opportunities for improvements How effective is internal audit as independent reviewer and how well they perform comparing with other companies and best practices? 22
23 Engaging External Quality Assessment External Quality Assessment allows an entity to enhance effectiveness, efficiency, and value of Internal Audit and serve key stakeholders expectations Value added from External QAR Conceptual Framework Internal Stakeholders Is Internal Audit appropriately positioned to achieve its objectives and provide valueadded contribution to the company? External Influences Assessment of compliance to IIA and other relevant standards Independent view from qualified professionals and quality of tools, techniques, and methodology to perform the review Constructive insights and recommendations based on best practices and relevant industry benchmarking Does Internal Audit have the right staff and appropriate HR Strategy to fulfill its objectives? Internal Audit Perspective Are internal audit processes effective and efficient and aligned with company s strategy? High-impact opportunities for improvements in alignment with the organization s strategy 23
24 Sharpen and Strengthen Excellences of Audit Committee Recent Trends and Emerging Challenges Global and Emerging Trends Roles and responsibilities of Audit Committee Challenges and Priorities for Audit Committee Maximizing the value of Internal Audit Trends and Key Considerations for Internal Audit Future State of Internal Audit Quality Assessment of Internal Audit Regulatory Provision vs Quality Improvement Reason for Quality Assurance Review Added Value of External Quality Assessment Key Takeaways Benchmark your view of Internal Audit Key Takeaways 24
25 Quick Glance at your internal audit Positioning Q1: What kind of role do you think internal audit is playing? Q2: Do you think that Internal Audit has value added to the business? If yes, how? If no, why? Q3: Does Internal Audit help to shape the risk control culture and awareness? People Q4: What do you think of the current skillsets of internal auditors? Are they sufficiently staffed? Process Q7: Is internal audit risk assessment process able to identify and consider emerging risks? Q8: Is internal audit plan risk based? Q9: Does internal audit leverage on technological advancements to enhance its effectiveness and efficiency? Q10: Is internal audit s work concentrated on a critical risk areas? Q5: How well do you think internal auditors understand business? Q6: Is internal audit strategy and succession plans well developed? 25
26 Key Takeaways how to enhance IA value A high-performing Internal Audit is the valuable resource for Audit Committee 01 Ensuring effective Internal Audit helps the Audit Committee address their roles and responsibilities Focusing on the critical risks of business including key operational risks maximizes the effectiveness of internal audit Establishing and maintaining the right role of internal audit is the key to become a higher value-added model Undergoing External Quality Assessment allows an entity 04 to enhance effectiveness, efficiency, and value of Internal Audit and serve key stakeholders expectations 05 Thoroughly understanding of business matters including critical risks improves audit committee oversight effectiveness 26
27 Question & Answer 27
28 Contact Detail: Disclaimer This presentation is made by KPMG Phoomchai Business Advisory Ltd (KPMG), a Thai limited liability company and member firm of the KPMG network of independent firms affiliated with KPMG International, a Swiss cooperative, and is in all respects subject to the negotiation, agreement, and signing of a specific engagement letter or contract KPMG International provides no client services No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm Sukit Vongthavaravat Partner - Advisory sukit@kpmgcoth This Document is Strictly Confidential This document contains confidential material proprietary to KPMG Phoomchai Business Advisory Ltd (KPMG) The materials, ideas, and concepts contained herein are to be used exclusively to evaluate the capabilities of KPMG The information in this document contains trade secrets and confidential or proprietary information of KPMG, the disclosure of which would provide a competitive advantage to others Therefore, this document shall not be disclosed, used or duplicated, in whole or in part, for any purpose other than as presentation
29 Anticipate Innovate Deliver Anticipate Innovate Deliver Anticipating tomorrow to deliver the best results today is our philosophy Ongoing economic uncertainty, the evolving role of government in the marketplace, prospects of a more complex regulatory environment, combined with rapid changes in industries, huge strides in the advancement, of digital technology and consumers rising expectations mean that to be at the forefront of each industry, companies must constantly anticipate change In such a fluid economic climate, we believe in anticipating and understanding the changes before they take place We are ready for tomorrow, and our goal is to make our clients find the best solutions today At KPMG, we believe that despite the recent advances in technology, ultimately what still makes the difference to our clients is the experience of working with KPMG people We work hard to develop and retain the best professionals in the field to best serve our clients Our people understand both the local and global contexts of business and have a deep understanding of our clients diverse industries and the complex environment in which they operate This, combined with a conscious and calculated expansion of innovation and technology in our Audit, Tax and Advisory services, allows us to make the best decisions for our clients We tailor our services and solutions to suit each client s unique needs and businesses What we do is simple We understand the business climate and industries, we know our clients and we deliver tailor-made services to best serve each client s individual needs using experts in the field and innovative tools We are constantly expanding our capabilities as a firm, developing our people and innovating our tools to allow us to stay ahead We bring long term added value through our real world experience and technical know-how Our forward looking vision and deep expertise ultimately lead to one goal: Delivering real results to you
Internal Audit - Expect More Rising to the challenges of a dynamic risk landscape
55% of stakeholders expect Internal Audit to be a more proactive trusted advisor within the next five years. PwC s 2016 State of the Internal Audit Profession survey Internal Audit - Expect More Rising
More informationBeyond Compliance. Leveraging Internal Control to Build a Better Business: A Response to Sarbanes-Oxley Sections 302 and 404
Beyond Compliance Leveraging Internal Control to Build a Better Business: A Response to Sarbanes-Oxley Sections 302 and 404 Note to Readers Regarding This First Edition April 2003: This document was published
More informationCaribbean Association of Audit Committee Members Inc. Independent Quality Assurance Assessment of the Internal Audit function
www.pwc.com/bb Caribbean Association of Audit Committee Members Inc. Independent Quality Assurance Assessment of the Internal Audit function Strengthening the Performance and Influence of the Audit Committee
More informationInternal Auditors and Enterprise Risk Management (ERM) ICPAK Presentation
Internal Auditors and Enterprise Risk Management (ERM) ICPAK Presentation April 2014 Disclaimer This presentation is made by KPMG Kenya, a member firm of the KPMG network of independent firms affiliated
More informationBoards and internal audit: Working together to strengthen risk management
Boards and internal audit: Working together to strengthen risk management Growing demands on boards The role of the board has always been an important and demanding one, but today s board members face
More informationEY Center for Board Matters Boards and internal audit
EY Center for Board Matters Boards and internal audit Working together to strengthen risk management Growing demands on boards The role of the board has always been an important and demanding one, but
More informationGenerating value within the Risk Ecosystem Risk powers performance
Generating value within the Risk Ecosystem Risk powers performance The Risk Ecosystem Disruption and volatility are impacting today s business climate. CROs and risk executives function in a Risk Ecosystem,
More informationEnterprise Risk Management (ERM) - Impact of 2017 COSO ERM Model
Enterprise Risk Management (ERM) - Impact of 2017 COSO ERM Model Institute of Internal Auditors, Detroit Chapter Meeting February 2019 With you today Sarah Ann Moore Director Internal Audit and Enterprise
More informationWorking better by working together
Working better by working together Deal Advisory We can help you Partner. kpmg.ch/dealadvisory A pragmatic approach to enhancing value through partnerships. / 1 Your vision. Our proven capabilities. Businesses
More informationData & Analytics enabled Internal Audit
Data & Analytics enabled Internal Audit Why Use Data and Analytics (D&A)? Add Greater Value D&A integration Turn vision into reality Do more with less Continuous Monitoring Traditional CM The power of
More informationWorking better by working together
Working better by working together Deal Advisory / Germany We can help you Partner. / 1 A pragmatic approach to enhancing value through partnerships. Your vision. Our proven capabilities. Businesses thrive
More informationThe Current State of Risk Management Maturity for Belgian Organizations kpmg.com/be
Enterprise Risk Management The Current State of Risk Management Maturity for Belgian Organizations kpmg.com/be 2 Enterprise Risk Management Table of content 1. Introduction...05 2. Takeaways...07 3. Key
More informationKPMG International. kpmg.com
KPMG Clara A smart audit platform Bringing together our powerful data & analytics capabilities, innovative new technologies and proven audit workflow, we introduce our new smart audit platform KPMG Clara.
More informationGRI s G4 Guidelines: the impact on reporting
CLIMATE CHANGE & SUSTAINABILITY KPMG International GRI s G4 Guidelines: the impact on reporting The Global Reporting Initiative (GRI) launched its fourth generation Sustainability Reporting Guidelines
More informationInternal audit strategic planning Making internal audit s vision a reality during a period of rapid transformation
2015 State of the Internal Audit Profession Study Internal audit strategic planning Making internal audit s vision a reality during a period of rapid transformation 68% of companies have gone through or
More informationIs everything under control? Audit committee challenges and priorities
Is everything under control? Audit committee challenges and priorities 2017 Audit Committee Pulse Survey FRANCE Edition 2017 audit-committee-institute.fr Contents Audit committee challenges and priorities
More informationInternal audit: Threading the needle Strategic insights on internal audit A KPMG benchmark survey on internal audit
Internal audit: Threading the needle Strategic insights on internal audit A KPMG benchmark survey on internal audit KPMG International February 2018 kpmg.com/ecb 2 Internal Audit Executive summary Over
More informationThe new revenue standard
The new revenue standard Why is it so important? June 8, 2016 Agenda Overview Why should you care? The five step model Implementation challenges What should Companies be doing? Page 2 Overview Page 3 The
More informationWorking better by working together
Working better by working together Deal Advisory / Global We can help you Partner. A pragmatic approach to enhancing value through partnerships. / 1 Your vision. Our proven capabilities. Businesses thrive
More informationIIROC Strategic Plan
IIROC Strategic Plan 2012-2015 Updated May, 2014 IIROC 2012 -- 2015 Strategic Plan IIROC Mandate We set and enforce high quality regulatory and investment industry standards, protect investors and strengthen
More informationTerms of Reference CGIAR System Internal Audit Function
Terms of Reference CGIAR System Internal Audit Function Definitions 1. Internal Audit Function means the arrangements agreed between the System Council and the System Management Board to provide independent
More informationAudit Committee Performance Evaluation
Audit Committee Performance Evaluation The following Deloitte & Touche LLP ( Deloitte & Touche ) questionnaire can be used to assist in the self-assessment of an audit committees performance. The questionnaire
More informationGRI s G4 Guidelines: the impact on reporting
CLIMATE CHANGE & SUSTAINABILITY KPMG International GRI s G4 Guidelines: the impact on reporting The Global Reporting Initiative (GRI) launched its fourth generation Sustainability Reporting Guidelines
More informationNext-generation enterprise risk management
Next-generation enterprise risk management Advancing strategy and performance in light of the COSO 2017 refresh Heading into the beginning of the year, the EY Center for Board Matters published the Top
More information2017 Internal Controls Survey
2017 Internal Controls Survey kpmg.com 2017 Internal Controls Survey Executive summary Although Sarbanes-Oxley (SOX) is not a new regulation, it has continued to evolve over the last 15 years since it
More informationIntelligent automation and internal audit
Intelligent automation and internal audit Considerations for assessing and leveraging intelligent automation kpmg.com Table of contents Internal audit s opportunity with the rise of intelligent automation
More informationStrate Compliance with King III. Prepared by: Company Secretary
Strate Compliance with King III Prepared by: Company Secretary 1 ETHICAL LEADERSHIP AND CORPORATE RESPONSIBILITY Responsible leadership 1.1 The board should provide effective leadership based on an ethical
More informationSystem Council November 2017 paper
Draft: 25 October 2017 ANNEX B.2 System Council November 2017 paper Terms of Reference for the CGIAR System Internal Audit Function arrangements for approval by the SMB after considering inputs of the
More informationGoing beyond risk and compliance: Legal functions embracing digital
Going beyond risk and compliance: Legal functions embracing digital Technology Study Fall 2018 02 Overview The Deloitte Legal Management Consulting team has been working closely with in-house legal teams
More informationKPMG International. kpmg.com
KPMG Clara A smart audit platform Bringing together our powerful data & analytics capabilities, innovative new technologies and proven audit workflow, we introduce our new smart audit platform KPMG Clara.
More informationIntelligent automation and internal audit
Intelligent automation and internal audit Considerations for assessing and leveraging intelligent automation kpmg.com/be with KPMG International Cooperative ( KPMG International ), a Swiss entity. All
More informationMake money, save money and manage risk
Make money, save money and manage risk The benefits of well-designed environment, health, safety and sustainability programs EHS and sustainability The opportunities and risks associated with environment,
More informationManaging your risk, creating value: The role of Internal Audit and emerging technologies
www.pwc.com/vn Internal Audit. Expected More. Managing your risk, creating value: The role of Internal Audit and emerging technologies Xavier Potier Director, Risk Assurance Services 13 th April 2018 With
More informationWhere did that risk come from?
Of special interest to Chief audit executives Insights for 5executives Where did that risk come from? Help management connect the dots on emerging risk areas At the close of the quarterly Audit Committee
More informationCreating a Risk Intelligent Enterprise: Risk governance
Creating a Risk Intelligent Enterprise: Risk governance Risk governance: Overseeing risk and risk management Robust risk governance drives a consistent and coordinated approach to risk across the organization
More informationInternal controls over financial reporting
Internal controls over financial reporting Outlining a program that meets stakeholder expectations kpmg.com After showing why a company s internal controls over financial reporting (ICOFR) program may
More informationMake the complex manageable
Make the complex manageable Deal Advisory / Global We help create clear Solvency Strategies. Realizing value through insolvency. / 1 Your vision. Our proven capabilities. Insolvencies can test the limits
More informationTransformation in the Internal Audit Function Neil White October 5, 2017
Transformation in the Internal Audit Function Neil White October 5, 2017 2017 Deloitte Global Chief Audit Executive (CAE) Forum Key Opportunities Key Insights Deliver advanced analytics and visualization
More informationInternal controls over financial reporting
Internal controls over financial reporting Outlining a program that meets stakeholder expectations kpmg.ca After showing why a company s internal controls over financial reporting (ICOFR) program may be
More informationAdvisory Services Governance, Risk & Compliance
Advisory Services Governance, Risk & Compliance Caribbean Association of Audit Committee Members Inc. 2010 Conference Caretakers of Integrity and Accountability: The Role of Internal Audit in Corporate
More informationExternal Quality Assessment Review of University of Florida s Office of Internal Audit
External Quality Assessment Review of University of Florida s Office of Internal Audit May 30, 2017 TABLE OF CONTENTS Executive Summary... 1 Objectives, Scope and Methodology... 2 Summary of Results...
More informationRisk Advisory Services Developing your organisation s governance for competitive advantage
Advisory Services Developing your organisation s governance for competitive advantage The Deloitte Advisory Platform of Services can help you to govern your strategic plan to guide your operations measure
More informationIT Governance and the Audit Committee Recognizing the Importance of Reliable and Timely Information
IT ADVISORY IT Governance and the Audit Committee Recognizing the Importance of Reliable and Timely Information KPMG INTERNATIONAL IT Governance and the Audit Committee: Recognizing the Importance of
More informationReinforcing the Three Lines of Defense SAP software for risk management, process control, and audit management
Reinforcing the Three Lines of Defense SAP software for risk management, process control, and audit management Three Lines of Defense Building confidence and trust The three-lines-of-defense framework,
More informationInternal Audit and Robotic Process Automation
Internal Audit and Robotic Process Automation 1 Internal Audit and Robotic Process Automation Considerations for assessing and leveraging intelligent automation kpmg.nl 2 Internal Audit and Robotic Process
More informationIIROC 2015 Financial Administrators Section Conference
IIROC 2015 Financial Administrators Section Conference September 11, 2015 kpmg.ca Presenters Chris Cornell KPMG Partner, Financial Services Steven Sharma KPMG Partner, Financial Services 2 Agenda Current
More informationAPPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2016
APPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2016 This table is a useful reference to each of the King III principles and how, in broad terms, they have been applied by the Group. KING III ETHICAL
More informationQuality Assurance in Internal Audit. Standard on Internal Audit (SIA) 7
Quality Assurance in Internal Audit Standard on Internal Audit (SIA) 7 1 Agenda Introduction Expectations from Internal Audit Quality Assurance Framework Internal Quality Review External Quality Review
More informationSystem Survey. Commercial and Industrial Companies KPMG.lu
System Survey Commercial and Industrial Companies 2016 KPMG.lu Preamble We are proud to publish the first ever edition of our IT System Survey for commercial and industrial (hereafter C&I ) companies in
More informationInternal Audit Challenges & Opportunities Speaker: Laurie Shen, Director, Grant Thornton LLP
Internal Audit Challenges & Opportunities Speaker: Laurie Shen, Director, Grant Thornton LLP March 28, 2012-1 - Speaker Introduction Laurie Shen is a Director at Grant Thornton's Northeast Internal Audit
More informationDe Internal Audit Functie In een disruptieve organisatie. PwC s Digital Services
De Internal Audit Functie In een disruptieve organisatie PwC s Digital Services What is disruption? How to create significant value? The impact of emerging technologies on Internal Audit Actions to take
More informationToyota Financial Services (South Africa) Limited: King III Principles
FOR THE YEAR ENDED 31 MARCH 2017 KING III - PRINCIPLES TOYOTA FINANCIAL SERVICES (SOUTH AFRICA) LIMITED (TFSSA) To be read in conjunction with the 2017 Annual Financial Statements Toyota Financial Services
More informationApplication of King III Corporate Governance Principles
Application of Corporate Governance Principles / 1 This table is a useful reference to each of the principles and how, in broad terms, they have been applied by the Group. The information should be read
More informationDelivering tomorrow s companies today. How global business services can transform your business. The CIO perspective
Delivering tomorrow s companies today How global business services can transform your business The CIO perspective The CIO perspective at a glance Your time is precious. In order to get you the insights
More informationRoche Healthcare Consulting Lead the way
Consulting Services Powered by Roche Diagnostics Each day your challenges intensify Value comes when you think beyond With budget cuts and shrinking margins, you re constantly facing new obstacles to overcome,
More informationModernizing compliance: Moving from value protection to value creation
Modernizing compliance: Moving from value protection to value creation John Conrad, Principal Deloitte Risk and Financial Advisory Deloitte & Touche LLP Clarissa Crain, Senior Manager Deloitte Risk and
More informationSeptember 9, 2016 kpmg.ca
IIROC 2016 Financial Administrators Section Conference September 9, 2016 kpmg.ca Presenters The contacts at KPMG in connection with this presentation are: Chris Cornell KPMG Partner, Financial Services
More informationInternal Audit Services. March 2017
An Introduction to Internal Audit Services March 2017 Internal Audit is a professional, independent assurance and advisory function designed to add value and improve the City of London s operations and
More informationGlobal Entity Management Global coverage, local expertise
Global Entity Management Global coverage, local expertise February 2018 KPMG International kpmg.com 2 3 Our world revolves around yours As part of KPMG s global network of independent member firms spanning
More informationCan the public sector deliver a zero tolerance approach to corruption risk?
Can the public sector deliver a zero tolerance approach to corruption risk? Australian Public Sector Anti-Corruption Conference November 2017 Disclaimer The presentation and accompanying slide pack are
More informationFuture of finance: Finance disrupted. How should the CFO respond to a business environment in turmoil? kpmg.com/us/futurefinance
Future of finance: Finance disrupted How should the CFO respond to a business environment in turmoil? kpmg.com/us/futurefinance Finance disrupted How should the CFO respond to a business environment in
More informationLife Sciences Compliance in Asia
Life Sciences Compliance in Asia How the Evolution of Asia s Compliance Landscape is Driving Uncertainty 2017 kpmg.com.sg The Evolution of Asia s Compliance Landscape is Driving Uncertainty For many Life
More informationSeeking value through Internal Audit
Seeking value through Internal Audit March 2016 kpmg.com The future of Internal Audit through the lens of stakeholder needs: KPMG and Forbes recently surveyed more than 400 Chief Financial Officers and
More information2013 Legislative & Regulatory Landscape
AUDIT COMMITTEE INSTITUTE 2013 Legislative & Regulatory Landscape James P. Liddy KPMG Vice Chair Audit March 28, 2013 Today s Discussion 2013 Legislative & Regulatory Landscape: Perspective from the Capital
More informationAn Efficient Inhouse Pricing Function
An Efficient Inhouse Transfer Pricing Function Lydia Ndirangu Tax and Regulatory Services July 2016 1 Presentation Outline 1 2 3 4 5 6 Introduction Challenges of an In-house function How and what to take
More informationEY Center for Board Matters. Leading practices for audit committees
EY Center for Board Matters for audit committees As an audit committee member, your role is increasingly complex and demanding. Regulators, standard-setters and investors are pressing for more transparency
More informationThis document contains a summary of the Group s application of all of the principles contained in King III.
King III Compliance The Board supports the Code of Corporate Practices and Conduct as recommended by the King III Report on Corporate Governance for South Africa 2009 ( King III ). This document contains
More informationThe past, present and future of service organization control reporting
The past, present and future of service organization control reporting Key takeaways from EY s Annual SOCR Client Conference March 2016 Study the past if you would define the future. Confucius b 1 Conference
More informationYour incentive compensation plans have no borders. Why should your compliance processes?
Your incentive compensation plans have no borders. Why should your compliance processes? KPMG LINK Global Equity Tracker Powered by KPMG LINK Work Force Take care of risks before take off Challenges of
More informationBusiness advisory services Business solutions that bring you forward. Malaysia
Business advisory services Business solutions that bring you forward Malaysia Business advisory services We help you make better decisions by understanding your needs, your drivers for success and provide
More informationReport. Quality Assessment of Internal Audit at <Organisation> Draft Report / Final Report
Report Quality Assessment of Internal Audit at Draft Report / Final Report Quality Self-Assessment by Independent Validation by Table of Contents 1.
More informationEnterprise Risk Management Discussion American Gas Association Risk Management Committee Meeting
Enterprise Risk Management Discussion American Gas Association Risk Management Committee Meeting July 17, 2017 Objectives Provide perspective on the evolution of Enterprise Risk Management (ERM) New 2017
More informationKPMG Digital series. Welcome. 31 January 2018
KPMG Digital series Welcome 31 January 2018 Agenda 15.15-15.30 Welcome & Introduction Eric Wesselman Lead partner Digital Transformation 15.30-16.30 The route to digital Jan Paul van Term, William Koot,
More informationFinance disrupted. Future of finance in healthcare: As the industry adjusts to continuous disruption, the finance function has an opportunity to lead
Future of finance in healthcare: Finance disrupted As the industry adjusts to continuous disruption, the finance function has an opportunity to lead kpmg.com/us/futurefinance Finance disrupted Amid continuous
More informationManufacturing CEOs: Innovation is the differentiator
Manufacturing CEOs: Innovation is the differentiator Staying competitive and relevant in an unprecedented time of tech change Sponsored by the KPMG U.S. Manufacturing Institute www.kpmg.com/us/manufacturing-institute
More informationRolling workplan of the CGIAR System Internal Audit Function for
Agenda Item 15 Document: SMB9-07 Approved (Decision Ref: SMB/M9/DP3) Rolling workplan of the CGIAR System Internal Audit Function for 2018-2020 This document presents a 3-year risk based rolling internal
More informationIndustrial manufacturing CEOs challenge the COO agenda
Industrial manufacturing CEOs challenge the COO agenda From PwC s recent CEO survey we see that industrial manufacturing CEOs are slightly more pessimistic about the economic outlook than other CEOs, less
More informationPillars of Success for Your Family Business
Helping family businesses grow Pillars of Success for Your Family Business Family businesses are unique. At the centre of this difference is the family dynamic, which can play a significant role in decision
More informationAudit Never Sleeps. Angela Witzany, CIA, QIAL, CRMA Chairman of the Global Board The Institute of Internal Auditors
Audit Never Sleeps Angela Witzany, CIA, QIAL, CRMA Chairman of the Global Board The Institute of Internal Auditors Today s Agenda Audit Never Sleeps Organizations Face Complex Risks We Have an Opportunity
More informationControl and testing transformation
Control and testing transformation 1 Control and testing transformation Innovation and disruption are providing incredible opportunities and challenges to the process, risk and control environment in the
More informationKING IV GOVERNANCE PRINCIPLES APPLICATION BY MURRAY & ROBERTS FY The governing body should lead ethically and effectively (Leadership)
KING IV GOVERNANCE PRINCIPLES APPLICATION BY MURRAY & ROBERTS FY2018 LEADERSHIP, ETHICS AND CORPORATE CITIZENSHIP 1. The governing body should lead ethically and effectively (Leadership) The Board is the
More informationMaximizing value from your lines of defense
Insights on governance, risk and compliance December 2013 Maximizing value from your lines of defense A pragmatic approach to establishing and optimizing your LOD model Contents Introduction Are you getting
More informationCLAconnect.com/creditunions. Impact the Future of Credit Unions
CLAconnect.com/creditunions Impact the Future of Credit Unions We Believe Enabling your success means a better world for all of us, but now, more than ever, a greater number of operational, regulatory,
More informationKPMG LINK 360. Visibility and control of global compliance. Global Compliance Management Services. kpmg.com
KPMG LINK 360 Visibility and control of global compliance Global Compliance Management Services kpmg.com 1 Visibility and control of global compliance KPMG LINK 360 aligns tax and finance with the rest
More informationOperational Risk Management (#DOpsRisk) Solutions suite
Operational Risk Management (#DOpsRisk) Solutions suite Design. Operate. Master. Transform. solutions with strong underlying value Our solution offering Strategy and program Measuring success Elevating
More informationAnti Money Laundering (AML) Advisory Services Effective solutions for complex issues Deloitte Malta, 2017
Anti Money Laundering (AML) Advisory Effective solutions for complex issues Deloitte Malta, 2017 Contents Increased focus on Anti Money Laundering and Combatting Financing of Terrorism (AML/CFT) 3 A summary
More informationCompliance Solutions. Beyond your walls: Enhanced tools to track and manage vendor relationships
Compliance Solutions Beyond your walls: Enhanced tools to track and manage vendor relationships When it comes to compliance, you hold your organization and its employees to high standards. Now Compliance
More informationTake-aways from EY s series of Internal Audit Analytics roundtables over 2016
Take-aways from EY s series of Internal Audit Analytics roundtables over 2016 2 Amsterdam Roundtable on Data Analytics for Internal Audit Over 2016 EY hosted a series of roundtables with key executives
More information10/5/2016. Quality Assessment Review. Agenda. What s the purpose of a QAR? Internal Audit Manager Training October 3-4, 2016
Quality Assessment Review Internal Audit Manager Training October 3-4, 2016 Lori Clark CIGA, CCEP, CGAP Compliance & Audit Specialist State University System of Florida Agenda What s the purpose of a QAR?
More informationDelivering tomorrow s companies today. How global business services can transform your business. The COO perspective
Delivering tomorrow s companies today How global business services can transform your business The COO perspective The COO perspective at a glance Your time is precious. In order to get you the insights
More informationPositioning Internal Audit to Deliver Value
Positioning Internal Audit to Deliver Value IIA Dallas Chapter 5th Annual Super Conference October 28, 2016 History of Internal Audit 4000 B.C Formal record-keeping systems were first instituted in the
More informationKPMG s Audit Committee Institute
New Zealand Analysis: 2015 Global Audit Committee Survey KPMG s Audit Committee Institute kpmg.com/nz What Our 2015 Survey Tells Us Introduction Short of a crisis, the issues on the audit committee s radar
More informationDriving sustainable performance in the oil and gas sector. Supporting your health, safety, environmental and social goals
Driving sustainable performance in the oil and gas sector Supporting your health, safety, environmental and social goals EY s Climate Change and Sustainability Services (CCaSS) focus on health clients,
More informationRising to the challenge Delivering Internal Audit excellence
www.pwc.co.uk Rising to the challenge Delivering Internal Audit excellence Internal Audit. Expect More. November 2016 Welcome Lindsey Paterson Scotland Internal Audit Government and Public Sector Leader
More informationInternal Oversight Division. Internal Audit Strategy
Internal Oversight Division Internal Audit Strategy 2018-2020 Date: January 24, 2018 page 2 TABLE OF CONTENTS LIST OF ACRONYMS 3 1. BACKGROUND 4 2. PURPOSE 4 3. WIPO STRATEGIC REALIGNMENT PROGRAM 5 (A)
More informationMEASURING THE EFFECTIVENESS OF INTERNAL AUDIT
Annex 1 Agenda Item 8.2 CORPORATE RESOURCES INTERNAL AUDIT SECTION MEASURING THE EFFECTIVENESS OF INTERNAL AUDIT 1 Audit Committee Subject: Measuring the Effectiveness of Internal Audit (Quality Assurance
More informationStrategic Plan The OSC: A 21 st Century Securities Regulator
2012-2015 Strategic Plan The OSC: A 21 st Century Securities Regulator 2 The Ontario Securities Commission (OSC) is the regulatory body responsible for overseeing Ontario s capital markets, which include
More informationDoes a disrupted Internal Audit function mean a stronger strategic partner?
Does a disrupted Internal Audit function mean a stronger strategic partner? The future of internal audit will require significant disruption to keep pace with global change. To keep pace with digital and
More informationTransforming the HR function for high performance. kpmg.com
Transforming the HR function for high performance kpmg.com Contents 01 Driving the people agenda 5 02 Measuring value 8 03 Succeeding in a changing world 10 04 Taking HR to the next level 12 05 Getting
More informationMake Innovation Real with Unique, Leading-edge Software Solutions
SAP Brief SAP Innovative Business s Make Innovation Real with Unique, Leading-edge Software s SAP Brief Achieve your greatest goals with SAP Innovative Business s Smart digital enterprises know that success
More information