Which centric approach are you following in your internal audit plan?
Jason Mefford speaks with the legendary Tim Leech about the difference between objective, risk, compliance, process, and control centric approaches ... and centric is not the same as based.
Learn the difference so you can start improving the value you add to your organization by taking an objective centric approach ... the one management expects.
Are you focusing on providing internal audit services demanded by your board and management, or are you supplying what you "think" is best? To remain relevant with your stakeholders, you need to provide work that is relevant and demanded by the board and management.
Risk-based internal auditing is objective-centric when you actually link to key objectives ... a critical step most in internal audit forget. "Risk ranking an audit universe based on another centric model, does not risk-based internal audit make." Yoda :)
Delivery Method: Self-Study
Tim is founder and Managing Director at Risk Oversight Solutions. His focus for the past 30 years has been promoting the business case for, and helping organizations implement, strong management driven objective centric risk and certainty management. He has received awards for outstanding contributions from CPA Ontario, IIA, ACFE and OCEG. His work in the field of strategy and risk governance has been recognized by articles published by Harvard and Columbia Universities, London School of Economics, the IIA, Conference Board, and many others.
He has taught tens of thousands of board directors, senior executives, risk specialists and internal auditors around the globe. In December 2019 Richard Chambers named Tim to his list of the top 10 internal audit and risk thought leaders of the decade globally.
He has provided training and advice to major corporations around the world including Mobil, Shell, Telstra, NAB, KPMG, RBC, CIBC, MBNA, Manulife, Canadian federal government, BellSouth, Sonera, Rabobank, Telecom Italia, ABN Amro, Novartis, TMX, City of Burlington, public sector organizations at all levels, SVG Capital, and hundreds of others.