global internal audit research study – preliminary ... · global internal audit research study...

1© 2016 Brightman Almagor Zohar & Co

Global Internal Audit Research Study –Preliminary Insights

May 2016

Where insights lead

• Welcome & opening comments | Terry Hatherell

• Global Internal Audit Research Study – Preliminary insights | Terry Hatherell & Neil White

• Global Chief Audit Executive Forum – Key insights | Sandy Pundmann

• Next steps - Supporting you in the marketplace | Terry Hatherell

• Key points of contact

Agenda

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Global Internal Audit Research Study –Preliminary insights

Terry HatherellGlobal Internal Audit Leader

Terry HatherellGlobal IA Analytics Leader


Global Internal Audit Research Survey – Background

• Global, online survey designed as a follow-up to the release of our global Adapt or Disappear point of view publication

• Targeted at Heads of Internal Audit• Objective: to validate (or disprove) our hypothesis

from our May 2015 Global CAE Forum – that internal audit must adapt in a number of areas to remain relevant

• Approximately 40 questions focused on nine areas of required change; assessing current state and future state

• Survey launched in December 2015 and closed February 28, 2016

http://www2.deloitte.com/global/en/pages/risk/articles/adapt-or-disappear-internal-audit.html




Research Study Results –Visualized in Tableau

• Tableau has been used to analyze and communicate research study results and insights

o Piloted at our recent Global CAE Forum with extremely positive feedback

o Download the Tableau reader here: http://www.tableau.com/products/reader

o Training videos available online: http://www.tableau.com/learn

• Traditional global point of view publication is planned for June release

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http://www.tableau.com/products/reader

http://www.tableau.com/learn


Review of Tableau Research Study –Key insights

Global Internal Audit Research StudyWhere Insights Lead2016


Global Chief Audit Executive Forum –Key insights

Sandy PundmannManaging Partner, U.S Internal Audit


2016 CAE Forum | April 18 & 19 @ Deloitte University

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Attendees included:• AT&T• Albemarle Corporation• Amkor Technology• Avnet• Baxalta• BRF Brazil Foods• Dana Holding Corp• DeVry Education

Group• Kinross Gold

Corporation• Medtronic• Moody's Corporation• Motorola Solutions, Inc.• PepsiCo• Takeda Pharmaceutical

• Targa Resources• T-Mobile Us, Inc.• Twitter• Uber• Vale S.A• Votorantim Cimentos• WestRock


Agenda highlights2016 Chief Audit Executive Forum

• Results of Deloitte’s Global Internal Audit Research Study

• A case study in internal audit transformation

• Internal audit analytics panel discussion

• Greenhouse facilitated breakout sessions

• Keynote speaker: Magnus Lindkvist, Futurist

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Insights from the Greenhouse facilitated breakout sessions – strengthening impact and influence

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To open the aperture of change, participants brainstormed a number of “unchallenged beliefs” with respect to internal audit…


Insights from the Greenhouse facilitated breakout sessions – strengthening impact and influence (cont’d)

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For discussion, participants next determined four key challenge statements where internal audit impact and influence could be strengthened within the context of:

“Wouldn’t it be nice if…• The internal audit function had innovative staffing models in place and

became a magnet for talent (e.g. robust rotational program, guest auditor program, etc.)

• The internal audit function could anticipate risks over the horizon (e.g. predictive analytics, risk sensing, etc.)

• The internal audit function had a strong brand with insightful communication (e.g. visualization, infographics, etc.)

• The internal audit function utilized analytics and technology to transform”


Wouldn’t it be nice if…Key insights - Challenge statement #1

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CHALLENGEThe IA Function had innovative staffing models in place and became a magnet for talent (e.g. robust rotational program, guest auditor program, etc.)

• We want the best people• Diversity in thinking• Value to the business

Why is this important?

• Poor brand / perception of the function

• Poor relationships• We don’t know what we want• Commitment of the business• Budget

What’s stopping you?

• Creative marketing• Rotation program• Ambassador and alumni programs• Flexible co-source model• “Guaranteed” promotion program

How to? / What might be all the ways?



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• Gives permission to have a seat at the table

• Enabler for the business – provides guardrails

• Can’t always look in rearview mirror


• Lack of a seat at the table (‘permission to go there’)

• Don’t know the business / risks• So many changes, fast-paced


• Monitoring disruptive innovation• Experimental audit• Look at competitors and regulators• Risk sensing technologies• Culture risk – pulse surveys


CHALLENGE The IA Function could anticipate risks over the horizon (e.g. predictive analytics, risk sensing, etc.)



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• Enables “brand permission” and “seat at the table”

• Brand is critical to recruiting top talent• Clarity of messaging - communication


• Budget • Skill-set• Out of our comfort zone• We’re not marketers/creative


• Define our brand and get buy-in• Leverage internal branding, marketing and

communication specialists • Develop elevator pitch for all to use• Share success stories


CHALLENGE The IA Function had a strong brand with insightful communication (e.g. visualization, infographics, etc.)



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• Efficiency• Expand coverage• Increase impact • Get ahead of the curve• Attracting talent


• Takes time to understand the business

• People / skills / money• Waiting for data to be perfect


• Define the right future state model• Hire the right people• Change traditional auditing• Pilot to prove and gain credibility• Obtain stakeholder buy-in


CHALLENGE The IA Function utilized analytics and technology to transform


Next steps2016 Chief Audit Executive Forum

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Coming Soon – Global Point of View publicationHow internal audit can make magic


Next steps –Supporting you in the marketplace

Terry Hatherell


Promotion on Deloitte.net, social media, global press

release, IIA Magazine, Compliance Week, etc.

Launch kit distributed to

Member Firms

Next steps – timeline of planned activities

Tableau file and supporting data

distributed to Member Firms

Global Research Study point of view publication released

Analysis and development

activities by Global

May 31 June 30


Next steps – How you can take advantage of the study

Localize and release the Point of View publication in your market. Add local insights and contacts to customize the global POV. We plan to provide you with a launch kit to help you in your marketplace

Global insights video

Launch kit contents

Template email for internal

distribution

Template cover letter for externaldistribution

Editable version of

POV

Editable version of

press release

Social media copy (Twitter,

LinkedIn, etc.)

Use the Tableau Research Study in your market! Share the Research Study insights with clients and targets to have impactful discussions


Please let us know if you have any questions.

Key points of contact

www.deloitte.co.il

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.

© 2016 Brightman Almagor Zohar & Co. Member of Deloitte Touche Tohmatsu Limited.

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