welkom - nederlandse beroepsorganisatie van accountants · michiel van veen en lars jacobs, kpmg...

Invloed technologische ontwikkleingen

op kleine IAF’s

12 oktober 2017

WELKOM

Programma:

13.30 uur Emerging Technologies

Arjan ten Cate en Sem de Spa, Deloitte Risk Advisory

15.00 uur Pauze

15.30 uur Cyber Security

Michiel van Veen en Lars Jacobs, KPMG Advisory

17.00 uur Afronding en aansluitend borrel

The future of internal audit

NBA LIO - IIA 12 oktober 2017

2The future of internal audit

© 2017 Deloitte The Netherlands

It is not the strongest or the most intelligent who will

survive, but those who can best manage change

- Charles Darwin -


Question?


How fast do you believe that digital technologies will disrupt your industry?

A) The coming two years

B) Within 5 years from now

C) Within 10 years from now

D) Longer


The majority of companies expect major disruption, but most of them are not able to respond adequately

Question?


87% of executives (according to MIT) believe digital technologies will disrupt their industry

44% feel their organizations are adequately prepared for disruptions projected to occur in their industry

Source: MIT Sloan & Deloitte University Press, Management Review 2016 Fifth annual global survey amongst 3700 Executives, Managers and analysts


This is 1999

The future of internal audit 6

https://www.brainshark.com/deloittegl/vu?pi=zEgz3RV3IzT44Iz0


Technology eras and the exponential increase of technological development

Change will never be this slow again


1970TECHNOLOGYCORE

• Mainframes• Distributed

terminals• Core computing

1980TECHNOLOGYENABLEMENT

• Office computing

• Mini-computers• Word processing• Spreadsheets• Home

computing

1990TECHNOLOGYCOLLABORATION

• PC revolution• Network

computing• Email• Relational

databases• Client-server

applications

2000TECHNOLOGYENGAGEMENT

• Internet revolution

• Browser wars• Customer

engagement• Intranet

applications• Broadband

2010DIGITAL

• Mobile• Cloud

computing• Big data –

analytics• Social media• Wearables

2020EXPONENTIAL

• Artificial intelligence

• Internet of Things• Blockchain• AR & VR• 3d printing /

manufacturing• Social robotics


Reduction in technology costs will only lead to even faster adoption by companies and customers

Change will never be this slow again


3D printing: $40K (2007) to $299,- (today)

Industrial robots: $500K (2008) to $15K (today)

Drones: $100K (2007) to $700 (today)

Solar (price per KWh): $30 (1984) to $0.16 (today)

Sensors: $20K (2009) to $79,- (today)

Biotech (DNA genome): $100K (2011) to $1K,- (today)

Medicine (body scan): $10K (2000) to $500 (today)


This is not the future, this is happening now!


Self driving cars - Tesla Shopping without lines & checkout

Sensors for medical self diagnosis

Peer-to-Peer electricity grids Mixed reality experiences 3D printed houses

https://www.brainshark.com/deloittegl/vu?pi=zFrzJL9bnzT44Iz0

https://www.brainshark.com/deloittegl/vu?pi=zFszDhL6rzT44Iz0

https://www.brainshark.com/deloittegl/vu?pi=zH2zrl5glzT44Iz0

https://www.brainshark.com/deloittegl/vu?pi=zFtzXPZMRzT44Iz0

https://www.brainshark.com/deloittegl/vu?pi=zGvzcdYoQzT44Iz0

https://www.brainshark.com/deloittegl/vu?pi=zFtz55batzT44Iz0


But how will technology impact your business in the upcoming years?

Basic premise - disruption is not going to go away very soon…



Question?


How fast do you believe that digital technologies will disrupt your profession?

A) The coming two years

B) Within 5 years from now

C) Within 10 years from now

D) Longer


Demo



Redefining risk management, internal control & internal audit

Risk powers performance


Value protection Value creation

More controls Smarter controls

Zero tolerance Recover and learn

from… to…

PURPOSE

PEOPLE

PROCESS

LEADERSHIP Trying to control the organisation Transparency


Exponential technologies and other innovations have begun to transform the traditional audit delivery model

Technology is changing the face of the internal audit profession


• Different staffing and hiring model

• Different skill-sets and competencies, including data scientists, technology experts, etc.

• Shifting rote work away from humans - greater reliance on exponential technologies

• Crowdsource knowledge, processes, and talent

• Intelligent audit using AI/ cognitive capabilities

• Robotics process automation for mundane repetitive tasks

• Real time and continuous auditing

• Greater reliance on data analytics (e.g., 100% validation of data)

• Focus on providing insights and greater assurance

• Shared services centers (including delivery centers and CoEs) that offer a combination of specialist and administrative support

• Mobile workforce – network of virtual and/or crowd sourced internal auditors to deliver select portions of the work

Who does the internal

audit

Where the internal audit

gets done

How the internal audit

gets done

…impacting who, where, and how the audit is done


Technology is changing the face of the internal audit profession


The ability of internal audit departments to adapt in the coming decade will be the biggest factor between success and failure

Blockchain introduces a novel way of recording and auditing transactions, which could render the traditional auditor irrelevant.

Use analytics to check client data for anomalies. Prescriptive analytics is the latest trend, where software is able to also suggest the best course of action.

Blockchain

Cognitive computing, AI and robotics

Big data, audit analytics and IoT

Crowdsourcing

Drones, wearables & 3D printing

AI/ML to to assist the auditor with smart working papers, predictive risk assessments & cognitive search, thereby reducing human effort.

Explore the use of drones (in combination with video analytics) and wearables in inventory validation and fixed asset auditing.

Crowdsourcing models can help to leverage talent for internal audit engagements, for example by setting up an internal crowdsourcing portal.


Solutions that are available today

For Internal Audit and Risk Management organizations

Semantic Text MiningAnalytics App StoreProject Analytics

Audit Analytics as a Service Continuous Control Monitoring Process Analytics


Contact us


Arjan ten CateDirector Deloitte Risk Advisory – Strategic & Reputation [email protected] - 1234 2901

Sem de SpaSenior Manager Deloitte Risk Advisory – Data & Risk Analytics [email protected] - 1234 2660

mailto:[email protected]

mailto:[email protected]

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