Do you know a young internal auditor who is making a difference? Since 2013, Internal Auditor
has been recognizing up-and-coming auditors from around the world who
are advancing the profession in our annual "Emerging Leaders" article.
How are they making a difference?
The internal audit professionals chosen to be Emerging Leaders rise to
the top based on their business acumen/leadership skills, innovative
thinking, community service, and service to the profession. These
well-rounded individuals care about their communities, understand their
organizations, and are always looking for new and better ways to do
their jobs — three areas of focus in this issue.
Our cover story, "The Responsible Organization,"
considers internal audit's role in environmental, social, and
governance (ESG) reporting. Paul Sobel, chair of The Committee of
Sponsoring Organizations of the Treadway Commission, says internal audit
needs to consider the value proposition around sustainability.
"Internal audit needs to look at what future investor, regulatory, and
stakeholder expectations are likely to be regarding sustainability risk
management and reporting and push for management and the board to move
in line — or ahead — of them," he says.
Every year, a common
trait of our Emerging Leaders is their understanding of the importance
of innovation in their organizations and in their departments. In "An RPA Road Test," author Rick Wright takes readers through a
pilot robotic process automation (RPA) program at his company, YRC
Worldwide. "Audit leadership saw RPA's potential … as a critical piece
of internal audit's strategy," Wright says. "Automating portions of the
standard terminal audit program could free up valuable staff resources,
allowing more focus on other value-added services."
this issue, we tackle the important topic of business acumen, an area in
which Emerging Leaders excel. In "Audit With Acumen," author
Basil Orsini offers four examples of business acumen in internal audit
based on perspectives adapted from the Balanced Scorecard strategic
planning and management tool. He writes, "Internal audit can build
business acumen on a sound understanding and innovative implementation
of the Standards and associated guidance."
internal audit team's expertise grows in the areas of ESG, innovative
thinking, and business acumen, who stands out? Now is the time to
nominate them for Internal Auditor magazine's 2020 Emerging
Leaders and give them the recognition they deserve. Visit
InternalAuditor.org to make your nomination. Nominations are open
through May 18.