The Future of Internal Auditing: Gardener of Governance
Happy and honoured being invited to contribute to the 70th anniversary of the IIA Nordics in October. Hope the broader internal audit community will enjoy and value the suggestion of “Gardener of Governance” as promising leitmotif of the internal audit profession going forward. My suggested 5Ps will hopefully help heightening the legitimacy, relevance, and impact of internal auditing going forward.
Abstract
Internal Auditing is projected to be a declining job and is at a crossroads. On the micro level, in organizations and institutions, stakeholders may see less and less value in the contributions from Internal Auditing, and on a macro level, this projection jeopardizes the legitimacy and relevance of Internal Auditing as a profession. This presentation suggests five main fields of action and focus for the Institute of Internal Auditors in the US, its local chapters, internal auditors, and academia that can make the trend a friend again, and will determine the future role of Internal Auditing, its legitimacy, its relevance, and its organizational and societal significance. The purpose of this presentation is to provide comprehensive content suggesting five concrete paths for the betterment of Internal Auditing. The five directions that deserve development are?planet, public, profession, prosperity, and people. Ultimately, positioning Internal Auditing as?Gardener of Governance?is a promising metaphor to strengthen its value proposition, both on a micro and on a macro level. Metaphors are an important way to convey ideas and make ideas stick.
#internalaudit #future #planet #public #profession #prosperity #people #gardener #governance #gardenerofgovernance
Acknowledgement, for discussions, perspectives, and input I thank:
Anthony Pugliese?Kim Klarskov Jeppesen?Barrie Enslin?Dominik Foerschler?Christopher Koch?Prof. em. Jeffrey Ridley?Laura Spira
IIA Denmark?IIA Finland?IIA Iceland?IIA Norge?IIA Sweden, The Institute of Internal Auditors?The Institute of Internal Auditors Inc.
领英推荐
24th Southern African Internal Audit ONLINE Conference, 03 November 2021
70 years of IIA in the Nordics, 08 October 2021
?
?
Auditora Interna en temas de Educacion Continuada en areas de Auditoria interna, Impuestos, Finanzas y Contabilidad
3 年Excelente, gracias por compartir, éxitos Dr. Rainer Lenz
Risk management and internal audit
3 年Many thanks Rainer. Given the increasing complexity of business, risk and persistence of governance lapses arising from human nature, Internal Audit is unlikely to lose its relevance any time soon.
Head of Internal Audit at EFS Facilities Services Group (EFS)
3 年What a great article sir Dr. Rainer Lenz
I am a cyber and digital risk executive with over 20 years' experience helping senior technology and business leaders uncover their most critical risks and formulate impactful mitigation strategies at a fraction of cost.
3 年Thanks for sharing Dr. Rainer Lenz!
Senior Manager - Risk & Control at ADCB (Bank) | Internal Audit Professional
3 年Thanks for sharing Dr. Rainer Lenz . Your thoughts and #research conclusions are always inspiring, insightful and future oriented. I am sure it will have very valuable contribution in contineous development of #internalaudit profession.