Internal Audit – demonstrating value to your organisation Nick Woods MD – Barclays Internal Audit 19 November 2015

Increasing demands on internal audit Increased demands from regulators – and global reach Internal audit needs to raise their game Demands for internal audit to have a different scope, focus and approach Internal audit needs to challenge and question management Internal audit needs to demonstrate their value

Internal audit – the future How do we demonstrate value? Presence and impact on key governance committees Focus on culture as well as control Co-ordinates work with other assurance providers Forward looking Business acumen and knowledge Contributes to the success of the organisation Trusted Advisor

Barclays Internal Audit There is no such thing as business as normal in banking Global department in over 20 countries 600+ staff One methodology

Vision

Measuring Value Balanced Scorecard KPIs and regular MI Communicating to Stakeholders Our QAR approach Reporting to Board Audit Committee

Balanced Scorecard – Company Objectives Customer & Client We are 'Go-To' for our customers and clients Colleague Our colleagues are fully engaged We create a diverse and inclusive environment where colleagues can fulfill their potential Citizenship We positively impact the communities in which we operate Conduct Our products and services are designed and distributed to meet clients' needs We act with integrity in everything we do Company We create sustainable returns above the cost of equity We understand and effectively manage our risks, and continuously improve control

KPIs and Regular MI

Questions?