30 January 2015

Faisal Danka

Faisal Danka - Top Tier Investment Bank

3Posts 11,874Views 0Comments

Internal Auditors in Financial Services

This community aims to provide related links, resources and news references, and to develop a forum for internal auditors to exchange views on various related items.

PwC releases Internal Audit 2012

01 November 2007  |  4043 views  |  0

PwC released this study a few months ago titled "Internal Audit 2012* - A study examining the future of internal auditing and the potential decline of a controls-centric approach"

Five key trends were identified as:
1. Globalisation
2. Changing internal audit roles
3. Changes in risk management
4. Talent and organisational issues
5. Technological advancement

Also, ten (10) imperatives were suggested to provide the foundation for a high-performance Internal Audit function in the years to come, they are:
1. Achieve sufficient strategic stature for internal audit within the organisation.
2. Develop and regularly update a formal strategic plan aligned with key enterprise-wide objectives and stakeholder expectations.
3. Communicate frequently with key stakeholders on their needs, expectations, and satisfaction with internal audit.
4. Align HR strategies with enterprise and stakeholder needs.
5. Adopt a risk-centric value proposition that focuses continually on enterprise risks.
6. Take an integrated approach to IT audit, one designed to strengthen IT capabilities.
7. Leverage technology to optimise audit operations.
8. Strategically leverage internal audit knowledge and expertise.
9. Commit to continuous quality assurance and improvement.
10. Link performance measures to strategic goals.

The study can be downloaded here

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Faisal

PwC releases Internal Audit 2012

01 November 2007  |  4043 views  |  0  |  Recommends 0 GroupInternal Auditors in Financial Services

Global Technology Audit Guides

23 October 2007  |  3507 views  |  0  |  Recommends 0 GroupInternal Auditors in Financial Services

Introduction to Financial Technology

23 October 2007  |  4325 views  |  1  |  Recommends 0 GroupBusiness Knowledge for IT

Faisal's profile

job title Manager
location London
member since 2007
Summary profile See full profile »

Faisal's expertise

What Faisal reads
Faisal writes about
Faisal's blog archive
2007 (3)

Who's commenting on Faisal's posts