ACIIA CAE Leadership Forum
FROM CONFORMANCE TO PERFORMANCE:
COLLABORATION + INNOVATION
Moderator : Lucy Wong
Panelists : Angela Simatupang
Atty. Emmanuel Artiza
17 May 2019, Grand Ballroom I, The Grand Hyatt Manila
2
GLOBAL CHALLENGES
3
TECHNOLOGY & INNOVATION CHANGING THE WORLD
DIGITAL DISRUPTION & INNOVATION IS CHANGING OUR WAY OF LIFE AND BUSINESS MODELS
• Up to 1960s - Checking
• 1960s – 1980s - Compliance
• 1980s – 1990s - System-based
• 1990s – 2010s - Risk-based
• 2010s - Partnership
• Emerging – Value-based
EVOLUTION OF INTERNAL AUDITORS
Source : IIA Australia
Focusing on the risks
Management of all the
beneficiaries
Efficiency from the point of view of costs
Customer oriented culture
Quality and
innovation
Technology
Alienation of the
operational processes
KEY ATTRIBUTES & PERSPECTIVES OF INTERNAL AUDITING
Internal
auditing
Protection of the
business
Delivery of measurable values
Source: Melinda Timea’s projection
Future tendencie
s of internal auditing
Strategic thinking and
efficient collaboration from auditors
Evaluation and
monitoring of risks linked to
social networks
Vigilance at the
changes in the
legislative framework
Internal auditor’s attitude
regarding the changes in the nature
of frauds
Intensified technology
usage in internal auditing
Source: Protiviti (2013), Internal Audit Capabilities and Needs Survey Report
– Assessing the Top Priorities for Internal Audit Functions
KEY ATTRIBUTES PERSPECTIVES
• Areas of collaboration?
• Will technology help?
• Success stories on collaboration and innovation
• How to transition to the future?
• What are the skills and competencies required to transition?
• Will Standards and Quality Assurance Review help?
• New performance metrics for IA
FUTURE OF INTERNAL AUDITING – COLLABORATION & INNOVATION
ACIIA CAE Leadership Forum
Thank you!Maraming Salamat po!
