Page 31 - Global Risk Advisory – Connected Thinking

Global Risk Advisory PCoE | Connected thinking 01 Front cover from primary image moodboard 02 Proposal contents page, executive summary and objectives delivery 03 Presentation front cover 04 Committee reporting 05 Why change? 06 Printed proposal from Powerpoint. Audit Committee reporting Refining the message Why change? Current challenges and issues with traditional AC reporting What is driving this change? Drivers behind a refreshed approach for AC reporting What does “best practice” look like? Examples of formats for current AC reports What does future reporting look like? Examples of formats for AC reports in an Agile IA environment 2 04 03 05 Why change? Current challenges and issues with traditional AC reporting IA’s need for independence and objectivity often discourages them from providing opinions Summary of audit progress, content does not tie audit results to; a) strategy of business, and b) business risks Issues rather than themes Too much detail and information is tnoothteargeeatdeedr Lacks information on the “so what” nRoetphoerltps tdhoe AC to “join the dots” Omits the root causes Information does not tie back to the broader assurance framework (or assurance map) Too focussed on audit activity cormatphlertetdhatno kdeayte, headlines from the IA function 06 4 31