The Institute of Internal Auditors Qatar chapter hosted a special event to mark 'Internal Audit Awareness month'.
May is celebrated as International Internal Audit Awareness Month to spread the word about the value internal auditing brings to organisations.
A webinar ‘Passion to perform, how to make an impact in your organisation’, was held with an attendance of 100 auditors. Michael J Fucilli, the trainer, has 40 years of internal auditing experience in the private and public sectors.
He was auditor-general at Metropolitan Transportation Authority, the largest Public Sector Transit Authority in North America.
Fucilli, who is the recipient of the American Hall of Distinguished Audit Practitioners 2021, began his talk with a question about whether the internal audit profession is agile enough.
The listed criterion focus on business value, accelerated audit cycles for efficient delivery, continuous communication, increased collaboration, reduced documentation, timely insights by brief reporting, and increased audit quality with reduced cost.
The goals of agile auditing are accelerated product delivery, improved visibility, increased team productivity, and better management of changing priorities.
Fucilli said, "As an auditor, everything you say does send a message, and every audit has an impact. What Do auditors Know About company Business is critical for their contribution."
"Business agility is how well a company can respond to changing conditions. Agility is a factor of business sense, right response, and ability to adapt to the change," Fucilli stated.
The enablers of business agility are leadership and management, organisation culture, structure, people and engagement, governance, and ways of working.
Fucilli's advice to internal auditors was to assist companies to gain a sustainable competitive advantage by providing strategies to increase efficiency from the ground floor up, identifying increased responsiveness and predictive intelligence, and focusing on differentiation through innovation.
Risk is assumed as something that will never happen with mitigation measures. However, Covid-19 proved otherwise, and everyone is up against it fighting for survival.
Auditors should move away from conventional compliance, process improvement, and cost-saving audits to more value-added consulting engagements.
The entire session and Q&A session brought out very candid assertions and forthright comments as a wake-up call to auditors," said Sundaresan Rajeswar, Board member who co-ordinated the training for the chapter.
Fahad al-Marri, senior vice president, and Christain Adonis, past president, IIA Qatar, addressed the gathering while Girish Jain introduced the speaker.
A webinar ‘Passion to perform, how to make an impact in your organisation’, was held with an attendance of 100 auditors. Michael J Fucilli, the trainer, has 40 years of internal auditing experience in the private and public sectors.
He was auditor-general at Metropolitan Transportation Authority, the largest Public Sector Transit Authority in North America.
Fucilli, who is the recipient of the American Hall of Distinguished Audit Practitioners 2021, began his talk with a question about whether the internal audit profession is agile enough.
The listed criterion focus on business value, accelerated audit cycles for efficient delivery, continuous communication, increased collaboration, reduced documentation, timely insights by brief reporting, and increased audit quality with reduced cost.
The goals of agile auditing are accelerated product delivery, improved visibility, increased team productivity, and better management of changing priorities.
Fucilli said, "As an auditor, everything you say does send a message, and every audit has an impact. What Do auditors Know About company Business is critical for their contribution."
"Business agility is how well a company can respond to changing conditions. Agility is a factor of business sense, right response, and ability to adapt to the change," Fucilli stated.
The enablers of business agility are leadership and management, organisation culture, structure, people and engagement, governance, and ways of working.
Fucilli's advice to internal auditors was to assist companies to gain a sustainable competitive advantage by providing strategies to increase efficiency from the ground floor up, identifying increased responsiveness and predictive intelligence, and focusing on differentiation through innovation.
Risk is assumed as something that will never happen with mitigation measures. However, Covid-19 proved otherwise, and everyone is up against it fighting for survival.
Auditors should move away from conventional compliance, process improvement, and cost-saving audits to more value-added consulting engagements.
The entire session and Q&A session brought out very candid assertions and forthright comments as a wake-up call to auditors," said Sundaresan Rajeswar, Board member who co-ordinated the training for the chapter.
Fahad al-Marri, senior vice president, and Christain Adonis, past president, IIA Qatar, addressed the gathering while Girish Jain introduced the speaker.