Synopsys
In an era where digital transformation accelerates risk and magnifies the challenges in governance, this session addresses crucial aspects of audit in a digital-first environment. It delves into the tensions between internal audit and other business functions, emphasising the necessity for strategic communication and trust. By exploring these dynamics, the presentation aims to enhance audit outcomes and support organisations in adapting to the evolving threats and challenges of a digital-first world, thereby securing their future operational integrity.

Presentation Outline

• Role and Scope of Internal Audit: Discuss the integral role of internal audit in risk management and assurance, highlighting its scope and significance.

• Impact of Organisational Dynamics: Explore how organisational culture and structure influence the effectiveness and perception of internal audits.

• Identifying Tensions: Identify root causes of tension between internal audit and other functions, highlighting common problem areas and warning signs.

• Strategies for Enhanced Cooperation: Provide actionable strategies to improve communication and cooperation, aligning internal audit goals with other business functions.

• Integration Best Practices: Discuss best practices for integrating audit activities into broader organisational goals, emphasising the development of a supportive audit culture.

• Building Trust and Facilitating Dialogue: Emphasise the importance of building trust within teams, particularly when dealing with sensitive audit issues. This session aims to facilitate a deeper understanding and proactive discussion of these challenges.

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Learning Objectives

• Analyse Organisational Dynamics: Assess how organisational culture and structure impact internal audit effectiveness.

• Recognise and Mitigate Tensions: Identify root causes and signs of tension between internal audit and other functions to improve resolution approaches.

• Enhance Collaboration: Acquire strategies for better communication and cooperation, aligning internal audit activities with broader organisational goals.

• Build Trust and Communication: Learn techniques to build trust and facilitate open dialogue, especially around sensitive audit issues.