In their joint report „Diversity, Equity, and Inclusion (DEI) 101: Internal Audit’s Invaluable Role in Creating a Sense of Belonging at Work,“ the Institute of Internal Auditors, Deloitte and the Internal Audit Foundation discuss how internal audit functions (IAFs), based on their role as an assurance providers, trusted advisors and agents of change, could have a beneficial impact on the development of a conducive DEI-environment.
As the first report of a three-part series on DEI, this report is intended to provide a common framework on fundamental thoughts and circumstances within the DEI-context. Thus, definitions of important but often misused terms such as diversity, equity and inclusion are provided, additionally distinguishing them precisely from each other. From an operative perspective for successfully conceptualizing, implementing and designing DEI-initiatives and-programs, it should be approached by organizations with the same effort as any business initiative. In addition, the authors suggest IAFs have the necessary understanding and capabilities to foster DEI-programs by auditing these and ensuring their effectiveness and efficiency subsequently. For this purpose, defining specific KPIs for DEI-programs and constantly monitoring these are crucial elements for meeting the program’s objectives, as well as for identifying potential DEI-risks, strengths, and weaknesses.
You can download the report here.