Protiviti's New Edition of "Internal Auditing Around the World" Finds Today's Top Chief Audit Executives Driven to Innovate

Rhea-AI Summary

In its latest report, Protiviti outlines insights from chief audit executives amid the pandemic's challenges. The findings highlight that organizations with advanced internal audit functions are better positioned for digital transformation. The report, titled "The Future Auditor Has Arrived," features case studies from companies like Microsoft, Starbucks, and Salesforce, emphasizing the importance of agility and technology in audit practices. Protiviti encourages internal audit teams to innovate to navigate the evolving business landscape and thrive in a post-COVID world.

Positive

• Organizations with advanced internal audit functions are more resilient and likely to thrive in a post-COVID-19 environment.
• The report includes valuable case studies from leading companies, providing actionable insights for audit teams.

Negative

• None.

MENLO PARK, Calif., Oct. 1, 2020 /PRNewswire/ -- In the 16^th edition of its Internal Auditing Around the World^® profile series, global consulting firm Protiviti shares findings from in-depth interviews with chief audit executives of some of the world's most well-known companies. Most of the interviews took place during the last two weeks of March 2020 amid a growing wave of coronavirus lockdowns. Despite the global uncertainty, the report finds that in cases where internal audit functions were already well advanced in their embrace of new technologies, tools and methodologies, leaders believe their teams are positioned to weather the 'new normal' – and beyond – and help their organizations in their efforts to transform digitally.

The organizations profiled in the 2020 edition of the study, titled "The Future Auditor Has Arrived," represent a cross-section of countries and industries and include Campari Group, Lloyds Banking Group, Microsoft Corporation, Milaha, Olympus Corporation, Radobank, Salesforce, SF Express, Starbucks Coffee Company and others. The study is available for complimentary download here.

"Internal audit functions on the transformation path to next-generation auditing before the upheaval of the pandemic will be those who thrive in the long-term and help their companies' leaders to navigate risk and provide deeper insights in a post-COVID-19 world," said Brian Christensen, a Protiviti executive vice president and leader of the firm's global internal audit and financial advisory practice. "The organizations in our 2020 report have been able to use the current, unexpected disruption to demonstrate operational resiliency for whatever challenges the future may bring."

The new edition of Internal Auditing Around the World asks how internal audit teams can be transformed to serve the ever-changing business landscape. The report provides insights into how high-performing and forward-thinking internal audit teams are innovating and transforming themselves into agile, multiskilled and technology-enabled organizations.

Audit leaders from 11 organizations were interviewed and their experiences are presented as case studies in the book. To access a complimentary copy and view past editions of Internal Auditing Around the World, please click here.

About Protiviti

Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Protiviti and its independent and locally owned Member Firms provide clients with consulting and managed solutions in finance, technology, operations, data, analytics, governance, risk and internal audit through its network of more than 85 offices in over 25 countries.

Named to the 2020 Fortune 100 Best Companies to Work For^® list, Protiviti has served more than 60 percent of Fortune 1000 and 35 percent of 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 (NYSE: RHI). Founded in 1948, Robert Half 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.

Editor's note: Protiviti photo available upon request

 

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SOURCE Protiviti

FAQ

What does the latest Protiviti report on internal auditing highlight?

The report emphasizes that organizations with advanced internal audit functions are better positioned to navigate post-COVID challenges.

Which companies were featured in the Protiviti internal auditing report?

Featured companies include Microsoft, Starbucks, and Salesforce among others.

What is the focus of Protiviti's report 'The Future Auditor Has Arrived'?

The report focuses on how internal audit teams can innovate and transform to meet changing business demands.

When was the Protiviti internal auditing report released?

The report was released on October 1, 2020.

How does the report suggest internal audit teams can improve?

It suggests that audit teams should become agile, multiskilled, and technology-enabled to adapt to new challenges.