Will Internal Audit Become the Next Blackberry? What Needs to Change?
This presentation covers the content in the April 2015 Internal Audit article titled “Reinventing Internal Audit” as well as a December 2016 article in the ACCA Internal Audit Bulleting “Will Internal Audit Become the Next Blackberry? and the Summer 2016 article in Ethical Boardroom “Paradigm Paralysis in ERM and Internal Audit”. The IIA article “Reinventing Internal Audit” was awarded a 2016 Outstanding contributor award by IIA Global. These articles are available at www.riskoversightsolutions.com. The main theme is that traditional internal audit and ERM methods don’t meet today’s needs and major change is required. Objective Centric/Five Lines of Assurance is proposed as the approach best suited to solve the paradigm paralysis.