globaliia.org advocacy/iia as a leader larry harrington, senior vice chairman of the board

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Advocacy/IIA as a Leader

Larry Harrington, Senior Vice Chairman of the Board

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I AMTHE LEADING VOICE

AMONG 180,000+ STRONG

SHARING A POWERFUL BRAND

WITH PASSION, PRIDE & COURAGE

AND WHO EXCEEDS EXPECTATIONS

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VIDEO

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Yesterday You Told UsResults from Polling Questions

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• Internal Controls (98%)• Compliance (89%)• Anti-Fraud (84%)• Audit Committee Effectiveness (75%)• Governance (71%)• Management (70%)

We Asked

Identify the areas internal audit is considered a trusted and influential resource to its stakeholders

You Told Us Yes To:

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• Technology (70%)• Integrated Reporting Assurance (70%)• Combined Assurance (52%)

We Asked

Identify the areas internal audit is considered a trusted and influential resource to its stakeholders

You Told Us No To:

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• Risk Management (83%)• Audit Committee Effectiveness (82%)• Governance (70%)• Combined Assurance (68%)

We Asked

What level of obstacles does internal audit face toward acceptance as a relevant, trusted, and influential resource on:

You Told Us Medium to Low Obstacles

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• Compliance (75%)• Anti-Fraud (68%)• Internal Controls (62%)

We Asked

What level of obstacles does internal audit face toward acceptance as a relevant, trusted, and influential resource on:

You Told Us Low to No Obstacles

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• Technology (72%)

We Asked

What level of obstacles does internal audit face toward acceptance as a relevant, trusted, and influential resource on:

You Told Us High to Medium Obstacles

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• Moral compass of the organization (93%)• Courageous in challenging all lines of defense (87%)

– Extremely Important (48%)• Protector of the public good (77%)• Facilitator of foresight towards organizational

sustainability (72%)• Critical to good governance (70%)

We Asked

You Told Us Extremely to Very Important

To what degree is it important that the internal audit profession be seen as:

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Goal B: AdvocacyThe IIA will raise the profile of and demand for the profession to ensure it is recognized as an indispensable resource by key stakeholders.• Recognition and acceptance by stakeholders• Establishing appropriate benchmarks for

measurement• Advancing the internal audit profession within

organizations.• Elevating the image of internal auditing.

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Goal C: IIA as The LeaderThe IIA is recognized as the leading voice for internal auditing. • Driving dialogue and commentary around internal

audit and risk management assurance.• Contributing to debates and discussions on topics

relevant to internal auditing.

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Perception Gap

• Who are internal auditors?• What do internal auditors do?• How do internal auditors add value?

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Globally and Locally

We Must Elevate the profile and voice of internal audit and The IIA

By

1. Making internal audit a relevant, trusted and influential resource to its stakeholders

2. Building the case for internal audit’s critical role in ensuring long-term sustainability of their organizations

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GOALS FOR THE SESSION

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Explore

• What internal audit means to each of us?• Where and how internal audit is relevant?• What obstacles do we face in making

internal audit relevant?• What can we do to ensure internal audit is

relied upon as an indispensable resource?

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Leverage Collective Knowledge

Consensus• Key areas that create the best opportunities• Steps to take globally and locally to promote

internal audit as a relevant, trusted, and influential resource.

• Success measures.

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Using the Twitter Model

• Define the role of internal auditors in 140 characters or less.

• Agreed upon definition per table.• Please be prepared to share when we

meet later on today.

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QUESTIONS?