Unlocking the value of Internal Audit
Reference:EL20
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with speaker Ivan O'Brien, Ernst & Young:
Ivan O'Brien is a Director in EY's Advisory team and has been with EY for 18 years. His role involves leading market activities for internal audit and risk services with the firms clients in Ireland and the UK. In late 2013, he led the development and publication of EY Ireland's Internal Audit Survey, "Staying Relevant - The evolving role of Internal Audit in Ireland" which was conducted with 45 senior Internal Audit executives in Irish companies. He leads the delivery of internal audit services for a number of multinational and national companies and has acted as a Head of Internal Audit on a number of occasions in his career to date. He is a key contributor to EY Ireland's Internal Audit Think Tank events, which aims to promote insights and innovation in Internal Audit services in Ireland. He is also EMEIA champion of Programme Risk Management services for EY which often involves leading internal audit reviews on large transformation programmes.
Topic:
In recent years there has been major changes in the expectations of internal audit departments and boards and management are demanding more from the function. In response, internal audit departments are changing their approaches, in some cases significantly, to meet their evolving mandates. There is no doubt that the range and nature of audit activity being performed within companies has changed with increased demand for far more advisory support on strategic initiatives and a drive for broader and deeper audit coverage delivered using more efficient internal audit techniques. Globally, part of the reason for a change in expectations is related to the fact that during the passage of the Sarbanes-Oxley Act (SOX) in 2002, many traditional internal audit activities were pushed aside as internal audit staff were redeployed to help their companies comply with the vast documentation and testing of internal controls required under Section 404. This left many global organisations internal audit functions overwhelmed with SOX related compliance activities with very limited capability to cover the many other key risks in the business. With SOX largely under control many global internal audit functions are now free to focus on a broader mandate are looking for ways to innovate and contribute better to the corporate agenda.
Broader and deeper audit coverage delivered using more efficient internal audit techniques
Broadening internal audit to support the whole corporate governance mandate
High impact internal audit activity
The evolving role of internal audit globally and in Ireland
Event details
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Sector: |
Leinster Members' Network |
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Date: |
10 June 2014 |
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End Date: |
10 June 2014 |
| Time: | 18.15-20.15 |
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Duration: |
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Venue: |
Hilton Hotel
Charlemont Place
Dublin 2 |
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Capacity: |
60 |
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CPD Units*: |
2 |
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relevant to your job or career aspirations.
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