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Future Proofing Internal Audit

22 October 2021

Coping with change and challenges -strategy for the internal auditor

For this, the second in our current series of free webinars we were joined by Liz Sandwith, Chief Professional Practices Adviser for the Chartered Institute of Internal Auditors.

Organisations and their internal audit functions face a dizzying pace of change and unprecedented uncertainty. The pandemic has destabilised operations and labour, disrupted supply and demand, and undermined previously sound business models to an extent few would have thought possible.  Change and uncertainty will define 2022 and the years that follow. Internal audit must understand this change in the outside world, articulate how well it believes organisations are adapting to these pressures and identify how effectively associated risks are being accounted for and managed. In many cases this will require a complete rethink of internal audit’s strategy, planning and where it focuses its efforts.  Failing to evolve, will erode the impact and value internal audit can bring.  The challenge for internal audit is to keep up with the latest stakeholder requirements, new risks and new technology as possibilities evolve. Internal audit functions, and therefore internal auditors, must continually develop and enhance their capabilities to meet future challenges.

If you would like to view the Webinar recording please click on the link below

 

The presentations for this event are available to download for IIAG members only.

Future proofing internal audit

2358 kb

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Speakers Profiles

Liz Sandwith

Chief Professional Practice Advisor

CIIA

 

 

Liz Sandwith is currently the Chief Professional Practices Adviser for the Chartered Institute of Internal Auditors. In her role she is responsible for advising and representing the Institute on all matters relating to the professional practice of internal audit; on ensuring quality standards; and on technical issues. Liz is a non-executive director and chair of an Audit and Risk Committee for a Leeds based Housing Association and is also an independent board member and a member of the Remuneration Committee.

Liz has over 33 years’ experience in internal audit and risk management, her background is firmly embedded in internal audit and risk management. She has worked for a number of private and public sector organisations, helping to develop risk management and control awareness and has delivered training to internal auditors in the UK and internationally. Liz carries out training globally on behalf of global training provider aci Learning as well as the Chartered IIA.

Liz was the winner of the JJ Morris award in 2020.