The Value of Leadership in Auditing Atlanta Gina Eubanks, CIA, CRMA, CCSA, CISA Vice President, Professional Services

Overview Value of Leadership Strategies for Leadership in Audit Strategies for Leadership as Auditors Bringing it all together

Value of Leadership

Why Demonstrate Leadership in Audit? Enables you to add value and improve an organization’s operations Inspires management to improve effectiveness of risk management, control and governance Drives the profession forward by broadening other’s understanding

Results of Advocacy “IIA Issues Statement to Congress Supporting Inspector General Independence” “IIA writes Letter to the Editor in support of Auditor’s access to data – New Orleans, LA” “IIA submits letter to the White House encouraging vacant IG positions be filled” “IIA submits letter to the editor questioning treatment of County Auditor in the wake of damaging audit report – Knox County, TN”

Strategies for Leadership in Audit

Align with Stakeholder Expectations Identify Emerging Risks Provide Assurance Develop Risk-centric Resource Plans

Know your stakeholders and their priorities Maintain continuous dialogue Foster awareness about your capabilities Recognize that expectations change Align with Stakeholder expectations

No surprises means “NO SURPRISES” We must audit “at the speed of risk” Continuous risk assessment Identify Emerging Risks

Success originates with the risk assessment And, continues at the engagement level Audit risks can be mitigated with an effective quality assurance and improvement program Provide Assurance

Staffing and resources should be driven by risks – not the other way around Assess team competencies and gaps Articulate specific impact of shortfalls Develop a strategic sourcing strategy Develop Risk-Centric Resource Plans

Strategies for Leadership as Auditors

Apply Big Picture Thinking Grow Yourself and Grow Others Be a Lifelong Learner Build Strong Relationships Be Innovative

Connect the dots to understand impact Generate ideas to be a catalyst for change Effectively convey significance of work to others Apply Big Picture Thinking

Be self-aware Make mistakes Motivate people Mentor and reverse mentor Grow Yourself and Grow Others

Get or stay connected with others Get outside your box Read, read, read Share what you know Be a Lifelong Learner

Do what you know is right event in difficult times Build trust and respect Involve others in your business Understand others business Be relevant Build Strong Relationships

Creatively and proactively adapt to change Take risks See things differently Look for ideas everywhere Be Innovative

Bringing it all Together

The IIA’s Mission To advance the audit profession and its value around the world by: –Promulgating global standards and guidance –Developing and delivering global certifications and qualifications –Offering professional educational and development opportunities –Researching, disseminating and promoting best practices in internal auditing –Advocating and promoting internal audit’s value to key stakeholders

Globally Accepted Standards

Global Certifications

Education Provide quality, engaging and facilitated learning Convenient learning platforms –Facilitated seminars –eLearning –Conferences All events are led by peers Affordable among providers of audit training

Research and Specialty Content Emerging issues Current practices Award winning books

Advocating for the Profession Promoting and elevating the value of the work auditors perform Educating and influencing key stakeholders Developing relationships to broaden understanding of internal auditing and of The IIA as the profession’s global voice, acknowledged leader, recognized authority, and principal educator

Connect. Collaborate. Evolve.

Thank You The Institute of Internal Auditors Gina Eubanks, CIA, CRMA, CCSA, CISA Vice President Professional Services © 2014 The Institute of Internal Auditors. All Rights Reserved. |