internal audit stakeholder management and the three lines of defense slide deck

8/10/2019 Internal Audit Stakeholder Management and the Three Lines of Defense Slide Deck

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INTERNAL AUDIT STAKEHOLDER

MANAGEMENT AND THE THREE

LINES OF DEFENSE

SPEAKERS:

William Watts, Partner at Crowe Horwath’s National Internal Audit Practice

Noah Gottesman, Audit Advisory and Innovation Director at Thomson Reuters

OCEG WEBINAR SERIESNovember 6, 2014

Sponsored by



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Download slides athttp://www.oceg.org/event/internal-audit-stakeholder-management-and-the-three-lines-of-

defense/ Answer all 3 polls

Certificates of completion (only for OCEGPremium/Enterprise members and All-Access Pass

holders) Evaluation survey at the close of the webinar

Archive at Recorded Events on OCEG site

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Speakers

William Watts

Partner at Crowe Horwath’s

National Internal AuditPractice

Bill Watts is Crowe Horwath’s National Partner in Charge

of the Business Risk Services practice and has over 25

years of experience in internal audit, risk management,

accounting, and business process consulting. He has held

various management positions for both large globalcompanies and Big 4 accounting firms. Bill has worked

with several Fortune 500 companies to understand,

identify, measure, and mitigate risk across the enterprise,

from external facing factors, such competition, market,

and regulatory challenges, to internal impacting issues

around financial, operational, and business practices. Bill

works with CEOs, CFOs and boards across the industries

of manufacturing, retail, financial services, distribution,

and government to understand and navigate the complex

issues of corporate governance and risk management.



Speakers

Noah Gottesman

Audit Advisory & Innovation

Director at Thomson Reuters

Leveraging his background in internal audit and internal

controls, Noah Gottesman provides thought leadership as

well as real world client experiences and opportunities

for the Thomson Reuters Accelus workflow solutions. Prior

to Thomson Reuters, Noah was a Senior Manager withErnst & Young, LLP (EY)’s Advisory Services Risk and IT

Risk practices, where he spent thirteen years serving a

variety of global clients on their internal audit and

internal control needs. He performed risk-based financial,

operational and compliance audits across multiple

processes or cycles including: budget and planning,

contract/subcontract, order-to-cash, collections and

receivables, revenue recognition, supply chain, procure-

to-pay, payroll and financial reporting.



Learning Objectives

Identify the most important stakeholders and the differences inapproach, depending on the audience

Determine the frequency and format of internal audit communications

Understand the changing relationship between internal audit and theother lines of defense

Discuss meeting the expectations of internal and external stakeholders

Discuss managing the conflict inherent in internal audit’s relationship

with regulators

Discuss assessing how the culture of the organization changes internalaudit’s approach



William Watts


National Internal Audit Practice

Noah Gottesman

Audit Advisory & Innovation Director

at Thomson Reuters

Internal Audit StakeholderManagement and the Three

Lines of Defense

Discussion



What obstacles exist within your ownorganization preventing the lines of defensefrom being operational?

a. Lack of consistent vantage points of the organization

b. Insufficient oversight / governance

c. Insufficient momentum to change / evolve

d. Too many silo initiatives

e. Other

POLL #1



What are some of the Internal Audit conflicts /

situations that have arisen in your ownorganization?

a. Internal Audit vs. External Audit

b. Internal Audit vs. Internal Controls

c. Internal Audit vs. Complianced. Internal Audit vs. Risk Management

e. All of the above

f. Conflicts, we don’t have any conflicts

POLL #2



Has organizational culture (corporate culture)become a topic for your InternalStakeholders?

a. Yes

b. No

c. Unsure

POLL #3



Are you a PAID member of OCEG who is

interested in receiving CPE credit for this event?

a. Yes, I am a PAID OCEG member and would like to receive aCertificate of Completion for this event

b. No, I am not a PAID OCEG member

POLL #4



Questions From the Audience

William Watts


National Internal AuditPractice

Noah Gottesman

Audit Advisory & Innovation

Director at Thomson Reuters



Learn More

Thomson Reuters Accelus

Market-leading solutions for enterprise Governance, Risk and Compliance (GRC)

management, enterprise risk management, policy management, audit management,

global regulatory intelligence, financial crime, anti-bribery and corruption, supply

chain risk, enhanced due diligence, training and e-learning, and Board of Director.Learn more at www.accelus.thomsonreuters.com

Crowe Horwath

Crowe Horwath LLP is one of the largest public accounting and consulting firms in the

United States. Under its core purpose of “Building Value with Values®,” Crowe uses itsdeep industry expertise to provide audit services to public and private entities, while

also helping clients reach their goals with tax, advisory, risk and performance services.Learn more at www.crowehorwath.com

internal audit stakeholder management and the three lines of defense slide deck

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