New Edition of "Internal Auditing Around the World" from Protiviti Looks at Fundamental Shift in How Internal Audit Operates

New Edition of "Internal Auditing Around the World" from Protiviti Looks at 
Fundamental Shift in How Internal Audit Operates 
Collaborative work trend extends internal audit's impact on business strategy 
MENLO PARK, Calif., July 15, 2013 /CNW/ - Internal audit leaders representing 
some of the world's top companies reveal their approaches to fostering 
collaboration with multiple functions across the enterprise in order to reduce 
risk in the latest edition of Internal Auditing Around the World from 
Protiviti (www.protiviti.com), a global consulting firm. Volume nine of the 
series, Partnering Effectively Across the Organization 
(www.protiviti.com/iaworld) explores the ways in which internal audit 
executives are connecting with others across their companies and reaping the 
benefits of new-found efficiencies and greater visibility into key risks as 
they help others in the organization understand risks and their roles in 
helping the business to manage and mitigate them. 
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"The call for both greater collaboration and an enterprise-wide focus on risk 
is accelerating internal audit's path to the 'top table' in the organization, 
where it can be a true partner to management and the board," said Brian 
Christensen, Protiviti's executive vice president of global internal audit. 
"The internal audit departments included in our study have developed 
successful, forward-thinking approaches that are dynamic, proactive and making 
a strategic impact on their business." 
The new publication from Protiviti profiles eight businesses from around the 
world and a cross-section of industries that have taken a fresh look at the 
broader role played by the internal audit function in their business, 
particularly amid today's increasingly rigorous regulatory environment and 
resulting compliance requirements. One prevalent theme runs through the 
profiles: internal audit teams are collaborating regularly with a wide range 
of groups in the organization, bringing more value to the business, while also 
maintaining their objectivity and independence. 
At the French software company, Dassault Systemes, corporate audit director 
Etienne Grobon has put the power of collaboration to work. His relatively 
small internal audit team of four is strengthened and supported by a 
collaborative approach with other business functions throughout the company. 
"There is not a single person or department responsible for risk management at 
Dassault Systemes -- it is a shared exercise," said Grobon. "For instance, we 
rely on compliance officers within the finance function who deal with internal 
controls." When Grobon is notified of issues or presented with questions about 
operations, he has the flexibility to delegate the issue or question to the 
team best suited to address it. "Because each of these groups is small, they 
rely on each other," he says. "We leverage other teams and avoid adding 
headcount so we can remain lean and efficient. It is an effective approach for 
sharing knowledge and resources." 
Another organization featured in Internal Auditing Around the World, financial 
institution Canadian Imperial Bank of Commerce (CIBC), has found an approach 
that allows it to collaborate with and rely on others in the organization 
without reducing objectivity and independence. "When you rely on other groups, 
and collaborate, you still have to form your own opinion," said Anil Mathur, 
senior vice president and chief auditor of CIBC. One thing of which the CIBC 
internal audit team is especially mindful is the differing points of view on 
risk from other groups in the organization. "If you are working with a 
compliance team, its viewpoint on risk will be through the lens of compliance 
and regulations," Mathur explains. "If you are working with a group focused on 
financial statements and Sarbanes-Oxley, its point of view will be influenced 
by numbers. An internal audit function must look at risk comprehensively. 
Perspectives are unique and different, and, as an internal audit department, 
you have to take in all that input to make sure you have not missed anything, 
but still reach your own conclusions." 
This ninth edition of Internal Auditing Around the World also profiles such 
companies as BHP Billiton and KPN, among others. To read this or past Internal 
Auditing Around the World publications, visit: www.protiviti.com/iaworld. 
About Protiviti 
Protiviti (www.protiviti.com) is a global consulting firm that helps companies 
solve problems in finance, technology, operations, governance, risk and 
internal audit. Through its network of more than 70 offices in over 20 
countries, Protiviti has served more than 35 percent of FORTUNE 1000(®) and 
FORTUNE Global 500(®) companies. The firm also works with smaller, growing 
companies, including those looking to go public, as well as with government 
agencies. 
Protiviti is a wholly owned subsidiary of Robert Half International (NYSE: 
RHI). Founded in 1948, Robert Half International is a member of the S&P 500 
index. 
Protiviti is not licensed or registered as a public accounting firm and does 
not issue opinions on financial statements or offer attestation services. 
Kathy Keller, +1-650-234-6252, kathy.keller@protiviti.com 
http://www.protiviti.com 
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SOURCE: Protiviti 
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-0- Jul/15/2013 13:03 GMT
 
 
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