Actualiteit

The first in a three-part series, this report serves as a how-to guide to assist internal auditors in assessing their current level of preparedness regarding privacy and data protection issues, particularly as their approaches relate to the present state of the profession overall.  Further, the report is intended to help internal auditors understand specific risks and threats and to help them ensure that relevant controls are developed, implemented, and operated effectively. The framework, audit plan, and implementation discussions in the later sections of the report are designed to provide a foundation on how internal audit departments can build their own structures. You can find part 2 here.

De IAF heeft zich ontwikkeld tot een essentieel zintuig van de board, een voelspriet, een sonde die het topmanagement en de raad van commissarissen voortdurend belangrijke informatie geeft over de beheersing van de risico’s binnen de onderneming – risico’s die veel verder gaan dan de betrouwbaarheid van de financiële verantwoording of compliance met wet- en regelgeving, maar die ook betrekking hebben op de uitvoering van de strategie, het creëren van waarde op lange termijn en de continuïteit van de onderneming. Deze speciale uitgave omvat negen artikelen en twee prikkelende essays van auteurs die ruimschoots hun sporen binnen het vakgebied hebben verdiend. De eerste drie bijdragen beschouwen de IAF in zijn huidige context. Vervolgens gaan twee artikelen over de menselijke factor binnen de IAF. Hierna behandelen drie artikelen de actuele ontwikkelingen die de IAF doormaakt, zoals de betekenis van digitalisering en algoritmes en aansluitend twee bijdragen over de werkwijze van de IAF in de praktijk. Het themanummer sluit af met een prikkelend essay over de rol van de IAF in een complexe wereld waarin innovatie essentieel is om te overleven. De artikelen in deze speciale uitgave geven een caleidoscopisch beeld van de IAF dat elke MAB-lezer zal kunnen boeien. Daarnaast leveren zij een bijdrage aan de bestaande onderzoeksliteratuur en aan eventueel toekomstig onderzoek over dit onderwerp. Deze publicatie is tot stand gekomen in samenwerking met de Stichting Vaktechnisch Onderzoek van het Instituut van Internal Auditors Nederland. De redactie houdt zich uiteraard aanbevolen voor suggesties en opmerkingen naar aanleiding van dit bijzondere nummer van het MAB. Naar de online uitgave van het themanummer De internal auditfunctie van het MAB

Diversity is a broad and extremely timely topic in today’s environment. A conversation regarding diversity within an organization is worth having because significant research shows that it has a tangible impact on both workplace productivity and organizational value. In contrast, a lack of diversity is an organizational risk as relevant as any other risk worth being recognized by an internal audit activity. According to the International Professional Practices Framework (IPPF), it is internal audit’s mission “to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight.” This edition of Global Perspectives and Insights sheds lights on how diversity impacts the workplace and affects productivity and organizational value. It will also explain why internal audit should be an advocate for diversity in all its forms within both its own activity and the organization as a whole.   This is for members only. To access it and other valuable resources, become a member today.

Over the past few decades, enterprise risk management (“ERM”) has been receiving increased attention by boards and executives and has undergone a continuing evolution in its development and uses. Along the way, lessons have been learned and ERM has been better understood regarding its benefits, objectives, and role in the organization. This COSO thought paper takes advantage of lessons learned and new guidance on enterprise risk management published by COSO to provide directors and executives with a better understanding of the role of enterprise risk management in creating and preserving value and its relationship to the key strategies of the organization. While not a detailed implementation guide, this paper includes overall guidance and an outline of succinct tangible steps that can used to implement an effective ERM program.  This thought paper outlines and provides clarity on the role and value of enterprise risk management to help directors and executives answer several key questions including: “What is the real value of enterprise risk management?” “What is its role and objectives? “What are the practical steps that can be taken to implement enterprise risk management?  The approach and steps contained in this thought paper are based on successful practices that organizations have used to take an incremental, step-by-step approach to implement enterprise risk management. While this is not the only way to implement ERM, this incremental approach is designed to be very adaptable and flexible. The approach provides practical steps that can help take conceptual ideas of strategy and risk and actualize them through a series of basic steps.    

Credit risk has always been considered a key risk for financial services organizations and, for a good number of organizations, maybe the most critical risk. This guidance provides internal auditors with a baseline skill set that allows them to test and evaluate the effectiveness of their organization’s credit risk management framework and processes. This guidance will enable internal auditors to: Understand the importance of credit risk in a financial services context. Understand the regulatory environment and requirements related to credit risk. Understand the risk governance and risk management processes surrounding credit risk. Describe the nature and basis of measurement of the probability of default. Design an audit engagement that assesses the appropriateness and effectiveness of the credit risk management framework and the adequacy of the institution’s credit profile. Be able to apply IPPF and risk-based internal audit techniques to assess and audit credit risk in their organization. The eBook Practice Guide: Auditing Credit Risk Management costs $25.00