What’s your reaction to change and even disruption in Internal Auditing?
I think it’s comprehensive – and terrifying! However, is there any more change now than at comparable crisis points in human history? We could argue that there isn’t – the major difference is that information is now instant, and often overwhelming. So it’s not surprising if people feel they’re living in unprecedented times. Continue reading
Bruce is an active company director and audit committee chair. He is a well-respected transformational leader with deep and broad professional governance, risk, compliance and audit experience. He was appointed a Member of the Order of Australia (AM) in the Queen’s Birthday Honours of 2015 in recognition of his significant service to public administration through governance and risk management practices, and to the profession of internal auditing.
Internal auditors play a valuable role in ensuring that IT investments are well-managed and have a positive impact on an organization. Their assurance role supports senior management, the audit committee, the board of directors, and other stakeholders. Internal auditors need to take a risk-based approach in planning their many activities on IT project audits. With limited audit resources, auditors must focus on the highest-risk project areas, while adding value to the organization. Audit best practices suggest internal auditors should be involved throughout a project’s life cycle — not just in post-implementation assessments.