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THE CHANGING FACE OF THE INTERNAL AUDIT IN EUROPE Farid ARACTINGI ECIIA, President
THE CHANGING FACE OF THE INTERNAL AUDIT IN EUROPE
Farid ARACTINGIECIIA, President
We need to refocus
on basics:
Performance and
sustainable performance
Fast
transformationsExcesses &
‘permanent’ crisiso Low-cost vs Premium
o Dematerialisation
o Disintermediation
o Digital / Agile
imperative
o Frugality approach
o Social networks
impacts
o Lack of loyalty
o Artificial intelligence
o Demographic imbalance
o Migration flows
o Economic wars
o Climate deregulation
o Global supply chain
o Offshoring / relocation
o Cyberattacks
o Sovereign debts - Bankruptcy
o _ ¯̄ _ BRICS
from crisis[ digest ]
12-2001 07-2007 09-2008 04-2010 09-2015 06-2017 04 & 11 2017
2010 BP Deepwater Horizon
AUTOMOTIVE CASEWLTP / WLTC
Worldwide harmonized Light vehicles Test Procedures
Worldwide harmonized Light vehicles Test Cycle
2006 2011 2015 2018 2019 2021…6b …6c …6d-temp …6d
2001
2002 2004
from 09/2018
restoration of trust through regulation
2002 Worldcom
2008 Société Générale 2008
MADOFF
2018
Cambridge Analytica
2010 2016
[ Good governance* ]for sustainable performance(*) Etymology : From latin gubernare, and therefore from the Greek Kivernao (Κυβερνάω) that means “govern”
To govern is both “do the right things”and “do the things right”
COMPLIANCE EFFICIENCY
G D GOVERNANCE [ W5H2 ]
bureaucracy hyper-liberalismWith the unbreakable tripod
in the service of good governance
Internal
AuditInternal
ControlRisk
Management
therefore
COMPLIANCE
EFFICIENCY
Independence▪ essential marker of our profession
Cross-functionality, sponsor of:▪ long-term and sustainable performance
rather than isolated shining star▪ global coherence,
rather than silo approaches
Discipline of execution▪ contradictory debate▪ conjugate antonyms
Pragmatic courage▪ speak the truth
with neither arrogance nor complacency
Guardian of the temple (the Internal Control temple…)
o Rigourouso Professionalo Strategico Communicatoro Flexible/Reactiveo Global coordinator
to “get a seat at the table ”
to become
Adopt the European dimension
is your trusted partner
