Strategic Positioning of the Internal Audit Function
– from strategy development to implementation –
Objective:
This consulting module enables a precise analysis of the entrepreneurial network into which the respective audit is incorporated. Likewise, it provides an extended analysis of the mode of operation of the company’s industry-specific business model within which the audit is conducted.
Strategic orientation sequentially builds upon the respective company-tailored audit-services portfolio that is oriented according to the company’s significant stakeholders as well as a sustainable strategic positioning within the risk convergence of the organization’s administrative departments. These departments – Internal Auditing, Compliance, Risk Management, Controlling, etc. – often are called “independent management services.”
Strategic fields of analysis for one’s own audit operations are mapped within this constellation. In the same process, experience drawn from previously conducted repositioning projects are brought into play and clearly demonstrated in a practical example. In this context, both positive and negative examples of implementation are discussed and illustrated by the ARC consultant. Among other aspects, the workshop’s benefit for participants lies in the practical application and adaptation of various strategy instruments within the internal audit environment. Furthermore, an opportunity to interconnect with the business or corporate strategy is given.
Topics:
- Situational analysis of the internal audit function in a competitive environment
- Strategic positioning of the internal audit function within the company, based on the strategic planning model developed by the Russian-American applied mathematician and business manager, H. Igor Ansoff
- Legislative requirements as well as those of management with regard to the internal audit function’s profile
- Deduction of the audit strategy based on corporate strategy
- Orientation of the audit-services portfolio with the assistance of a strategic business-segment model
- Differentiation from and interaction with other risk-oriented administrative departments
- Operative implementation within daily audit procedures and through interaction with audited entities
- Continuous and periodic monitoring as well as adjustment of the auditing strategy
- Support regarding integration and implementation of a company-tailored solution
Management Trainer
About the ARC Institute
With the Audit Research Center, the ARC Institute provides important impulses for the further development of the audit industry. The focus is on networking science and practice. The focus is on further and new development in cooperation with auditors, companies and associations in order to maintain practical relevance and to develop methods, tools and concepts that can be implemented. The results developed in dialogue with industry experts serve as a guideline and adaptation options in practice today, in order to increase the overall benefit of the company in the long term and sustainably with innovative auditing work.
In the spirit of thought leadership, the ARC Institute and the Audit Research Center stand for topic leadership and forward thinking in the area of internal auditing.
Currently, the ARC Institute supports not only leading supranational institutions in the context of research, consulting and personnel development projects, but also numerous listed companies in the three German-speaking countries of Germany, Austria and Switzerland.
Terms of participation and price
Each open training day is 890,- Euro plus VAT when booking the modules individually. Inhouse training conditions are based on individual pricing and travel expenses. After receipt of your registration you will receive a confirmation of registration with invoice. Please pay the registration fee directly after receiving the invoice. The registration fee does not include 19 % VAT. The price includes participation in the lectures of the booked event, lunch, coffee breaks and seminar documents.
At a glance
Target audience:
Employees and managerial staff from the internal audit function
Methodology:
Interactive workshop, discussion, game-theory strategy analyses according to US-American mathematician John Forbes Nash, Jr. and others, practical exercises, case studies, retrospective summary
Training / Training / Consulting period:
Bookings are based on an audit-situation analysis as well as a personal preliminary meeting (workshops generally cover 2-4 days of instruction).
Contact:
Would you like more details about ARC’s Audit Training & Consulting Services, or do you wish to book an appointment with its team? Please address your e-mail inquiry to Info@ARC-Institute.com or phone us at +49-2159-6945-904