INTERNAL AUDIT IN BANKS: CHALLENGES FROM THE RUSSIAN/UKRAINIAN CRISIS

The current crisis is posing difficult challenges to the Banking System, which is requested to rapidly adapt and cope and market developments with fast-moving regulations. A Banking risk profile can potentially be impacted by a wide range of drivers: business, credit, country, regulatory, liquidity and financial risk, operational/continuity (among which IT and cybersecurity, physical safety), […]

Human capital, diversity and talent management

The world may have gone digital, but it comes to a standstill when people are missing. We saw that last year, for example, when it caused international delivery delays and rising prices occurred. With the easing of Covid restrictions, companies around the world are realising that people are necessary for the growth and development of […]

European Commission: Directive on corporate sustainability due diligence

The European Commission has introduced a proposal for a directive on corporate due diligence in the field of sustainability. First, it has completed an impact assessment. The proposed directive will require companies to integrate due diligence into their policies and decision-making identify, prevent, mitigate and minimise actual or potential adverse impacts on human rights and […]

Looking for Compliance Risks in Oceans of Data

Since email revolutionised the way we work, especially the way professionals communicate, the proliferation of faster digital communication tools to support businesses has grown rapidly. It is well known that businesses are faced with a large amount of data volume and complexity that they generate through digital collaboration platforms. Read more about the Compliance Risks […]

Prioritizing Environmental, Social and Governance Issues

Environmental, social and governance (ESG) issues are a hotly debated topic globally and across all industries and organizations. The pressure on organizations to address ESG issues continues to grow, making it paramount. Internal audit functions are invaluable to companies and should be more involved in their organization’s ESG efforts. The new report „Prioritizing ESG: Exploring […]

Where Bribery still reigns

The 2021 Corruption Perceptions Index (CPI), released this week by Transparency International, shows that corruption around the world is treading water. 86 percent of countries have made little or no progress over the past decade. The CPI ranks 180 countries and territories on perceived levels of public sector corruption on a scale of zero (very […]

Future of Digital Trust

Volatility, uncertainty, complexity and ambiguity characterize the digital transformation. In this context, digital trust is highly important. As a result, players must address the factors that influence and shape the future of digital trust. Deloitte presents a future foresight approach to this as part of the study „Future of Digital Trust: Driving forces, trends and […]

Compliance: From rules to values

Anyone following discussions about the growing importance of compliance as a rule-based management tool may get the impression that integrity and trust have become fundamentally dispensable and that the principles of the honorable businessman are no longer in keeping with the times. But on closer inspection, the opposite is true. In practice, compliance is mainly […]

Compliance Priorities for 2022 in the Financial Services Industry

In terms of the compliance challenges that will be central to financial institution compliance officers in 2022, evidence shows that they will play a key role in addressing risk. A new report, „Compliance Priorities for 2022 in the Financial Services Industry,“ from Protiviti identified several compliance priorities. These fall into three categories: the broader risk […]

How does digitalization change the role and way of working of internal audit: an exploratory overview

The current crisis has shown that we live in a digital environment, and this trend will intensify in the future. Working in a digital environment will be a normal state in the future. IIA Netherlands, in cooperation with EY, conducted a study on how Internal Audit (IAF) is using digitalization technologies such as Robotic Process […]

CxO Sustainability Survey 2022

The concern of executives about the state of the world’s climate has increased in recent months. But optimism that immediate action can make a difference has also increased. This is shown by Deloitte’s new CxO Sustainability Survey 2022. The survey polled a total of more than 2,000 C-level executives in 21 countries. The focus of the […]

Using Evolving Technologies to Improve Collaboration

To remain relevant in the current business environment, internal audit must maintain an innovative mindset, challenge and update existing audit methodologies, and leverage emerging technologies such as governance, risk, and control (GRC) to improve business collaboration. The report „Using Evolving Technologies to Improve Collaboration: How GRC Software Can Support Risk Management and Internal Audit“ by […]

Top Risks for 2022

Through a recent survey of C-level executives and directors worldwide, Protiviti identified 10 top risks for 2022. The top three are presented below. The risk in third place relates to pandemic-influenced market conditions. Especially due to new variants there is uncertainty at this point. Rank two of the major risks relates to the succession problem […]

Guidelines on internal governance for investment firms

The European Banking Authority (EBA) published its revised Guidelines on internal governance for investment firms under the Investment Firms Directive (IFD). The guidelines provide details on how the IFD governance provisions should be applied by Class 2 investment firms by setting out the roles, responsibilities, and organization of the management body, as well as the organization […]

Internal audit and compliance

What is the relationship between internal audit and compliance? This is the subject of a new report from the IIA entitled „GLOBAL PERSPECTIVES AND INSIGHTS: Internal audit and compliance: Clarity and collaboration for stronger governance“. To explain the relationship between internal audit and compliance, the report uses the three-line model and is a tool for […]

Which Type of Internal Auditor are you?

Internal audit is an activity, so go swimming! This Internal Audit 360° article identifies different types of internal audit leaders. How effective they are in the current era of COVID-19 and volatility, uncertainty, and complexity depend on whether they are on the sidelines or surfing the waves of the organization’s problems. Author Dr. Rainer Lenz […]

Time for Internal Audit to Focus on Resilience

Internal audit is well positioned to assess resilience risk and embed resilience in organizations. This is demonstrated in the new white paper „Are We Ready? It’s Time for Internal Audit to Focus on Resilience Amid Extreme Change“ from the IIA in collaboration with Protiviti. The paper helps chief audit executives better understand the importance of […]

The Remote Auditor

What will internal auditing look like in the future? As a result of the pandemic, the definition of „normal operations“ for internal auditing has been redefined in almost all companies around the world. Within internal audit, audit plans were changed, site visits became impossible, and new ways of performing daily tasks were found. Many processes […]

The key findings of OnRisk 2022

We wish you a happy new year! A new article in Internal Auditor magazine summarizes the key findings of the OnRisk Report for 2022. The report surveyed 30 board members, 30 C-suite executives and 30 chief audit executives from 90 different North American companies. It shows that this year risks are being prioritized that have […]

Talent management in internal auditing

The Covid-19 pandemic resulted in many changes, including for the internal audit profession. However, these changes have not been exclusively negative; topics such as flexible working models, automation through data analytics and audit technology are increasingly the focus of internal audit. This new normal brings with it multifaceted challenges, for example, the basic competencies for […]

FUTURE READY

The Institute of Internal Auditors‘ new Chairman of the Board, Charlie T. Wright, and the Internal Audit Foundation jointly present their white paper „Future Ready: Upskilling Today for the Profession of Tomorrow“. This paper combines findings from research and the Internal Audit Foundation’s global study „Assessing Internal Audit Competency.“ In particular, the white paper addresses […]

Agile Risk Management

Getting people interested in the concept of risk management is difficult, partly because it is not seen as a core business and therefore does not get the attention it needs. While risk management should be a dynamic activity that can respond quickly to changing circumstances, in practice it rarely is. In its new white paper, […]

​The Alternate Reality of REM

In times of the COVID-19 pandemic, the risk of workplace fraud has increased significantly in many companies and industries. For example, lost revenue has caused companies to reduce their operating expenses. The risk of accounting fraud is increasing. One type of accounting fraud is real earnings management (REM). In this process, managers intentionally create an […]

Assessing Internal Audit Competency

The Internal Audit Foundation and Deloitte released a joint Premier Global Research Study, “Assessing Internal Audit Competency: Minding the Gaps to Maximize Insights.” The two organizations collaborated to complement the launch of The IIA’s Internal Audit Competency Framework. The resulting comprehensive report outlines five key findings that help identify areas where there are gaps in […]

Auditing the Data Protection Organization

At the latest since the EU General Data Protection Regulation (GDPR) came into force in May 2018, data protection compliance has been on the risk map for internal auditing. The significant liability/sanction risks as well as the increased accountability requirements have led to the implementation of data protection management systems in companies and in the […]

The Future of Compliance 2021

In the new edition of the study „The Future of Compliance“ by Deloitte in cooperation with Compliance Manager Magazin and Quadriga University Berlin, a total of 360 compliance officers were surveyed. They provided insights into their organizations and shared their views on legislative projects, challenges and future trends. Compliance officers are currently dealing, for example, […]

Always up to date

Register now for the new newsletter of the Chair of Internal Auditing at the University of Duisburg-Essen and stay up to date! From now on, the chair will regularly provide you with the latest news of the chair, interesting facts from research and teaching as well as internship and job offers for students and alumni. […]

Risk Management – from stabilization to transformation

A survey of 120 risk executives from around the world conducted by EY shows that risk teams are still struggling to turn risks into opportunities and manage emerging threats. In comparison, CEOs‘ priorities are increasingly shifting from a survival and stabilization mode back to growth and transformation. To support these growth plans in the future, […]

Governance Trends 2021

The corporate world faced a number of complex challenges last year, including the COVID-19 crisis, new workplace paradigms, extreme climate change, political and economic economic volatility, and urgent calls for racial justice. Despite the expected continued challenges in the current year, the focus of companies must go beyond risk avoidance and compliance. These will, of […]

Webcast – Private Equity’s ESG journey

Companies around the world are adapting environmental, social and governance (ESG) issues and shifting them to the center of strategic concerns. They recognize ESG as a driver of value creation and urgently develop a proactive ESG mindset. PwC’s most recent Global Responsible Investment Survey shows that mutual funds are on this path and, with decades […]

Webinar – Remote auditing experience from internal auditors

Auditing evolves like technology. Audits can now be carried out remotely using information communication technology. Due to travel restrictions and the obligation to work from home in the context of the COVID-19 pandemic, remote auditing was no longer an option, but a necessity. Attend this ECIIA webinar on remote auditing, where experts will talk about: […]

Risk in Focus 2022 – Hot topics for internal auditors

The world has changed. Internal audit must change too. Organisations and their internal audit functions face a dizzying pace of change and unprecedented uncertainty. The pandemic has destabilised operations and labour, disrupted supply and demand, and undermined previously sound business models to an extent few would have thought possible. Internal audit must understand this change […]

Visibility leads to Promotability

It’s not hard work that determines your promotion. It’s making your hard work and yourself visible that determines your promotion. Visibility means connecting the dots from the work you do with the advertisement you are looking for, which means that you are working on getting your hard work and yourself visible to get noticed, recognized […]

Organizational cyber maturity

A major issue for companies worldwide is cybersecurity. In a new study, McKinsey assesses the cybersecurity maturity of more than 100 companies and institutions from various industries. It shows that some companies in banking and healthcare are quite advanced, but most companies still have a high need to protect their data from threats and attacks. The […]

Getting to the bottom of it

Why is root cause analysis so important? When you go to a doctor, do you want him to tell you what is wrong with you so that you can begin treating the disease? Or are you satisfied that the doctor only treats the symptoms and does not diagnose the actual disease? Of course not. Well, […]

Remote Auditing

The corona pandemic turned the standard model of office work on its head. Companies were put into crisis management mode and employees were increasingly working from home. The rapid outbreak of the pandemic accelerated the trend towards teleworking in internal auditing as well. This is the subject of the latest report of the IIA’s Global […]

Legal on Air

Deloitte interviews in her Legal Podcast Series experts on legal innovations and current topics in the field of German and international business law. In the different episodes the economic relations between Germany and the countries Japan, China, Israel and the Netherlands are discussed. You can listen to the podcast here. Please note: The introduction texts […]

Role of Internal Audit in Business Resilience

The COVID 19 pandemic also confronted internal auditors with major challenges. For example, auditors had to completely abandon or quickly revise well-thought-out plans and familiar checklists and procedures. To ensure the effectiveness of their organization’s risk management, governance, and internal control processes, internal auditors had to reorient themselves. The importance of agility and flexibility increased. […]

Upskilling Today for the Profession of Tomorrow

As various technologies converge and mature over the next few years, internal auditors must ask themselves how disruptive innovations can transform their organizations, stakeholder expectations, and the profession itself. If the work of internal auditing is to really enrich and protect, the function must be ready to adapt to new risks and the new requirements […]

Avoiding the blind spot

During the COVID-period, financial resilience and stability are paramount for businesses. Because of the pandemic, many companies have faced difficult decisions about cost savings through budget cuts and layoffs. There were also a number of challenges that internal audit teams faced, such as competing priorities and lack of resources. A report by the Chartered Institute […]

Chief Compliance Officers wearing multiple hats

Looking at any list of large company’s chief compliance officers, several can be found who also hold the titles of chief audit executive, head of risk management, and other roles. Is it possible to combine the roles of Chief Audit Executive and Head of Corporate Compliance or other jobs without sacrificing the independence that is […]

Financial Market Integrity Strengthening Act (FISG)

The German government is responding to the Wirecard fraud scandal with the Financial Market Integrity Strengthening Act (FISG), which came into force on July 1, 2021. For the first time, the legislature now explicitly requires appropriate and effective internal control and risk management systems and creates a direct right of information for the audit committee […]

internal-audit function of the future

The near-term challenge of the IA function will primarily be to continue to provide safe oversight while also adapting to the dynamic risk landscape. The IA function must thus be able to deal with the increasing number of emerging risks. The article „Building the internal-audit function of the future“ by McKinsey addresses the challenges of […]

How to measure and communicate the value of internal audit

Internal audit, like all other departments in a company, is seen as an investment that is expected to generate meaningful returns. But unlike departments where the return on investment (ROI) can easily be calculated and traced back to the bottom line, internal auditing is faced with the challenge of assessing the inherent qualitative benefits of […]

Powering Audit Committee Outcomes

An independent audit committee is essential for good corporate governance. However, there is no one-size-fits-all solution of what the perfect audit committee should look like. This is because the exact structure and objectives of audit committees worldwide are influenced by the type of business, the regulatory environment, the ownership structure and legal requirements. In addition, […]

Remote audits: a concept for the future?

Audits in the usual form are currently not possible or only possible to a limited extent. Since it is not an option to forego revision audits, remote audits are the alternative: audits of internal processes that are not carried out in the company on site. Finally, the supervisory and management bodies‘ monitoring obligations remain unchanged. […]

Build Resilience to Cyber Risks.

According to a global IT risk and compliance survey 2021 conducted by IT provider MetricStream among global security and risk experts, IT security and compliance are the top technology investment priorities this year. When asked about their plans, 38 percent of respondents said they would increase their IT risk management spending this year. However, the […]

The Three Lines Model – An Important Tool for the Success of Every Organization

Governance has never been more important as organizations face the turbulence of a global pandemic, technological change, increasing economic disparities, geopolitics, globalization, climate change and much more. The governing bodies and management grapple with questions about disrupted work environments, changing markets and lost revenue. The three-line model of the IIA provides timely answers for organizations […]

Auditors warn: Hybrid office working leads to a cultural crisis

According to a new study by the Chartered Institute of Internal Auditors, Hybrid working creates a “cultural crisis” for companies by undermining employee loyalty, making it more difficult to retain talented employees and detecting fraud. Nearly half of lead auditors believe the move to remote working during the pandemic damaged corporate culture. The steep rise […]

Next-generation nowcasting

In the face of great economic uncertainty, the ability to gather and interpret information quickly is vital for decision makers, especially when a crisis turns into a recovery or vice versa. Those who are able to quickly and appropriately understand and respond to the developing situation will not only survive but also create a more […]

The 2021 Audit Management Playbook

Regardless of whether it is an audit team of five, thirty or more people, the biggest challenge for any modern audit leader is to stay relevant and add value to the company. In addition to complying with regulations and reducing costs wherever possible, audit leaders also need to stay abreast of current industry topics and […]

Diversity: An Accepted Business Value

The #MeToo and Black Lives Matter movements have drawn attention to grievances and injustices. Related to this, issues such as diversity, equity and inclusion (DEI) are essential for companies. To promote DEI, companies have to start at the top. A key question is, for example, how diverse are boards? The topic of diversity is addressed […]

ISO 3730: New standard for compliance management systems

The importance of compliance in companies has been growing for years. This is because companies have a responsibility to ensure compliance with the increasing national and international regulations and to meet compliance requirements. This can be demonstrated, for example, with the implementation of an effective compliance management system (CMS). As a guideline and support for […]

Use of technology in internal audit in times of Covid

What is the use of technology in the internal audit function in times of pandemic? This is one of the questions answered in the new report „Internal Audit’s Digital Transformation Imperative: Advances Amid Crisis – Analysing the Impact of 2020 on Internal Audit Functions‘ Implementation of Technology“. The Internal Audit Foundation and the AuditBoard jointly […]

Cybersecurity risk in the new normal

Cybersecurity is certainly one of the most persistent risks of the 21st century, and it has been particularly exacerbated by the pandemic. Organizations had to balance competing priorities and disruptions while making sure their networks were secure. At the same time, criminals have tried to capitalize on the crisis by increasing the pace and complexity of […]

Should Internal Audit change its name?

The discussion is constantly being stimulated as to whether the internal auditing department should change its name. The idea is usually suggested to avoid what some see as a negative stigma related to internal audit. Richard Chambers, president and CEO of The IIA, discusses the question of changing the name of the internal audit in […]

Survive a consent order as an internal auditor

Getting informed of consent or some other enforcement action can be an uncomfortable experience for a company, especially if it has never been dealt with anything like this before. Fines and penalties aside, the process of canceling the order often takes years and the resources required for that process only add to the total cost. […]

Five new Apps for Process Optimization and Monitoring

Celonis, the world’s leading provider of Execution Management Systems (EMS), and PwC Germany are launching five new apps that can be used to analyze and improve important business processes. The aim of the apps is to achieve process optimization in the energy industry as well as in purchasing, in shared service centers and in customs […]

Internal Audit’s Digital Transformation Imperative: Advances Amid Crisis

The ongoing digital transformation could accelerate in internal audit in 2021. That’s according to a new survey called “ Internal Audit’s Digital Transformation Imperative: Advances Amid Crisis“ from AuditBoard and the Institute of Internal Auditors‘ Internal Audit Foundation (IAF). Twenty-two percent of respondents in a survey say they will implement cloud-based technology this year. Overall, […]

Moving Internal Audit Deeper Into the Digital Age: Part 2

To gain an insight into where various internal audit organizations stand in relation to audit automation and cognitive technologies, the Internal Audit Foundation and Deloitte conducted a survey of IIA members. Based on responses from internal audit leaders across a wide range of organizations, key findings reveal where many organizations are making progress and where […]

Internal Audit’s Digital Transformation Imperative 2021

According to a survey by AuditBoard and the Internal Audit Foundation (IAF), the ongoing digital transformation of internal auditing will accelerate rapidly in 2021. 22 % of the 134 surveyed heads of internal audit stated that they will implement cloud-based technologies this year. The report Internal Audit’s Digital Transformation Imperative: Advances amid Crisis highlights how […]

Auditing DevSecOps Projects

Starting from traditional waterfall development, agility has been writ large in recent years. The latest trend is called Development Security Operations (DevSecOps). More and more companies are adopting DevSecOps. They are seen as an evolutionary extension of agile principles. For example, percentage a Gartner publication („Hype Cycle for Agile and DevOps“) shows that the percentage of […]

The Guide to Streamlining Document Workflow

Do more with less? Which Internal Auditor hasn’t heard the chorus? Most forward-thinking businesses realize the value of internal audit and are increasing responsibilities of internal audit. Rather than immediately asking for more employees, intelligent teams first address these resource constraints by identifying areas where productivity and efficiency can be improved. Implementing new technology is […]

Record optimism among CEOs

CEO confidence is up significantly – worldwide. With the Covid-19 pandemic already occupying us for a year, CEOs‘ Optimus is at a record high. Overall, 76% of CEOS surveyed believe global economic growth will improve over the next 12 months, up from 22% last year. That’s according to PWC’s Global CEO Survey, which polled more […]

Forward-looking innovations: Episode about Tech Trends 2021

The COVID-19 pandemic has hit the global economy hard. But at the same time, the fundamental disruption of established ways of working has accelerated numerous digital trends, increased the spread of innovations and made newly developed technologies a reality more quickly. In the coming 18-24 months, groundbreaking trends such as the digitization of strategy development, […]

Key issues being discussed in the boardroom and C-suite

Companies have to deal with various challenges. These include the ubiquitous Corona pandemic, growing social unrest, new technologies, digitalization innovations, and new strategies and business models. The multitude of issues and the complexity associated with them does not make it any easier for companies. Protiviti’s new report presents the top risks currently facing boards and […]

The Balance between Assurance and Advisory Work

Most internal audit functions spend between 80 and 100 percent of their time doing traditional internal audits, commonly referred to as „assurance work“. Yet, many also do a certain amount of counseling and strive for more. A lot of senior auditors are concerned about how the limited internal audit resources should be allocated across these […]

Agility in the time of COVID-19

More agile, faster, further. Companies are surrounded by forces such as digitalization, automation, globalization and analytics. This is not mitigated by the COVID crisis, but additionally amplified. Every function in the enterprise is affected. McKinsey’s article looks at business agility in times of COVID and shows that agile companies fared better. Agile companies have examined […]

Golden rules of cyber security

What do an attack on a chicken coop and a cyber attack have in common? Prof. Dr. Dirk Loomans (Consulting,KPMG) explains in his article, why unusual comparisons provide important insights. The trigger for his reflections was an attack on his chicken coop, which aroused associations with a cyber attack. For him, four important points can […]

Similarities and differences of the new and existing Three Lines Model

The efficient and effective organization and coordination of corporate governance activities is still one of the major challenges of modern corporate management. For many years, it was precisely the so-called Three Lines of Defense model that was used to structure governance functions. However, as more and more open points of discussion regarding practical implementation have […]

Strategic cost transformation during the COVID-19 pandemic

The COVID-19 pandemic is fundamentally changing the global business landscape. To better understand the short- and long-term impacts of the crisis — and what companies around the world are doing about it — Deloitte recently conducted a special mid-cycle version of their regular biennial survey of global cost management practices and transformation trends. In total, […]

Derisking digital and analytics transformations

Die Digitalisierung ist omnipräsent und von enormer Bedeutung für alle Branchen. Digitale und analytische Transformationen dienen mitunter dazu, Dienstleistungen und Prozesse zu digitalisieren und gleichzeitig Effizienzsteigerungen durch Agilität und Automatisierung sowie den Einsatz neuer Analysetools zu ermöglichen. Die Herausforderung, die damit einhergeht, ist jedoch der Umgang mit den entstehenden Risiken. Der Artikel von McKinsey geht darauf […]

Podcast-Diskussion: Chancen und Grenzen von KI

Oft wird künstliche Intelligenz als der nächste gewaltige Schritt in der Technologie-Entwicklung angesehen, vergleichbar mit einst der Industrialisierung. Zugleich macht der Gedanke an KI vielen Menschen auch Angst: Sie schlägt uns heute schon im Online-Shop Produkte vor, die unseren Wünschen entsprechen. Künftig soll sie zudem Autos steuern oder bei der ärztlichen Diagnose unterstützen. Doch, wie […]

Human Capital Trends 2021: Die soziale Organisation während der globalen Krise

Aktuell steht die gesamte Arbeitswelt aufgrund der Krise im Rahmen der COVID-19-Pandemie vor großen Herausforderungen. Um den Veränderungen bestmöglich gerecht werden zu können, müssen Unternehmen ihre Arbeitsweisen verändern und anpassen. Denn gerade in den Zeiten der Krise sollten Unternehmen vom Überlebens-Modus in den Chancen-Modus wechseln. Wie dieser Wandel in den Unternehmen gestaltet wird, untersucht der […]

Wo steht SOX im Jahr 2020?

Die fünfte jährliche Umfrage der SOX Professionals Group in Zusammenarbeit mit Workiva befasst sich mit dem aktuellen Stand der SOX- und internen Kontrollprozesse in den Unternehmen im Jahr 2020. Dabei wird ebenso auf die wichtigsten Herausforderungen für das kommende Jahr eingegangen. Der Marktbericht stellt fest, dass sich die fortschrittliche Technologie in Bezug auf Compliance schnell […]

The next normal arrives

Mit Hoffnung in die Zukunft blickend, wird 2021 ein Jahr des Umbruchs. Die Corona-Krise ist immer noch allgegenwärtig, allerdings gibt es ein schwaches Licht am Ende des Tunnels aufgrund der vorhandenen Impfstoffe. Im Hinblick auf die Zukunft, so wird sich in der Zeit „nach“ Corona eine neue Normalität einstellen. In dem Artikel von McKinsey werden […]

7 Warnzeichen für Betrug im Unternehmen

In Organisationen sind einige der häufigsten Arten von Betrug die unbefugte Verwendung von Vermögenswerten, ebenso wie die falsche Darstellung von Abschlüssen. Dies dient häufig der verbesserten Darstellung der Organisationen um wirtschaftlich erfolgreicher zu erscheinen. Laut dem „Report to the Nations 2020“ der Association of Certified Fraud Examiners kann Betrug in jeder Organisation auftreten, unabhängig von […]

Vorbereiten auf außergewöhnliche Risiken

Unternehmen müssen sich die Frage stellen, auf welche Risiken sie sich vorbereiten wollen. Allerdings unterliegen die Entscheidungsträger hierbei einem Dilemma. Dieses lässt sich besonders auf Basis der aktuellen Covid-19-Pandemie veranschaulichen. Die Wahrscheinlichkeit für Ereignisse wie die Corona-19-Pandemie ist gering, aber niemals Null und die Konsequenzen sind enorm. Diese Kombination aus relativer Unwahrscheinlichkeit und hohen Konsequenzen begründet das […]

Das Streben nach höherer Cybersicherheit

„Cyberbedrohungen schnell zu erkennen und auf Vorfälle effektiv zu reagieren, hat bei vielen Unternehmen inzwischen oberste Priorität.“ Jedoch ist es heutzutage kaum möglich, sich vollständig vor solchen zu schützen. Die Angriffe nehmen, auch bedingt durch die COVID-19-Pandemie, weltweit zu und treffen vor allem kleine und mittelständige Unternehmen. 60 Prozent aller Unternehmen waren im vergangenen Jahr, […]

The time has come

„Die Studienergebnisse zeigen: Nachhaltigkeit ist in den Unternehmen angekommen!“ Aktuell veröffentlichte KPMG die 11. Ausgabe ihrer Studie zur Nachhaltigkeitsberichterstattung. Die Ergebnisse der 2020-Studie zeigen: Unternehmen achten bei ihren Strategien und Zielsetzungen vermehrt auf Nachhaltigkeit. In Deutschland stieg so beispielsweise der Anteil veröffentlichter Nachhaltigkeitsberichte um knapp 20 % seit 2017. Die Umfrage unter 5.200 großen Unternehmen aus […]

Key risk areas 2021

„Sind Sie sich der Risiken bewusst, denen die Interne Revision heute und in der nahen Zukunft ausgesetzt ist?“ Interne Revisionsfunktionen bauen innerhalb von Organisationen weltweit ihre Wirkung und ihren Einfluss aus, indem sie Beratungsdienste anbieten und Assurance-Dienste rund um die wichtigsten Risiken für die Organisation übernehmen. Hohe Relevanz für die Interne Revisionsfunktion haben die Risiken, denen die […]

Welche Faktoren beeinflussen die Internationalisierung der internen Revision?

Unternehmensskandale, die fortschreitende Globalisierung und die zunehmende Komplexität der Umwelt erfordern neue Kontrollansätze für weltweit agierende Unternehmen. Dementsprechend müssen die Akteure den Aufbau ihrer Internen Revision hinterfragen und gegeben falls neu aufstellen. Um die unternehmensweite Sicherheit in Zukunft aufrechtzuerhalten, muss die Interne Revision die für sie am besten geeignete Organisationsform finden. Doch welche Faktoren sind […]

Prüfen in Covid-19 Zeiten

Die Covid-Pandemie bringt neue Herausforderungen für Unternehmen mit sich und beeinflusst auch die Arbeit der Revisionsfunktion. Das deutsche Institut für Interne Revision (DIIR) zeigt in seinem Beitrag „Prüfen in Covid-19 Zeiten – Ein Erfahrungsbericht aus der Prüfungspraxis der DAX 30 Unternehmen„, inwieweit die Prüfungspraxis durch die Pandemie beeinflusst wird bzw. wurde. Es wird deutlich, dass […]

Alles wird anders. Oder nicht?

Was bewegt Technologieverantwortliche in Zeiten von Covid-19? Mit dieser Frage beschäftigt sich die 22. CIO Survey von KPMG. Zusammen mit ihrem Partner Harvey Nash wurden 4.200 CIOs und IT-Führungskräfte in 83 Ländern in Bezug auf zukünftige Technologieentwicklungen befragt. Dabei wurden sowohl Daten aus der Zeit vor Covid-19, wie auch solche, die nach dem Einsetzen der […]

Dynamisches Risikomanagement für unsichere Zeiten

Unternehmen unterstehen einem starken Druck verschiedener Einflüsse. Zum einen hat die digitale Revolution die Verfügbarkeit von Daten, den Grad der Konnektivität und die Entscheidungsgeschwindigkeit erhöht. Des Weiteren müssen sich Unternehmen mit dem wandelnden Klima auseinandersetzten und auch die Erwartungen der Stakeholder an das Unternehmensverhalten sind höher denn je. So erwarten z.B. die Verbraucher, dass Unternehmen in sozialen […]

The Future of Compliance 2020

Die Compliance-Funktion ist nicht nur im alltäglichen Geschäft eine bedeutende Stütze, sondern stellt auch in Krisenzeiten eine wichtige Säule der Organisationsführung dar. Um dieser Rolle im Unternehmen gerecht zu werden, ist eine kontinuierliche Anpassung der Compliance-Strukturen an die aktuellen Entwicklungen vonnöten. Die derzeitige Ausnahmesituation zieht Chancen und Risiken für die Compliance-Funktion mit sich. Doch wie genau sehen diese aus? […]

PWC-Umfrage: Digital Trust Insights 2021

COVID-19 hat die Digitalisierung beschleunigt und folglich auch die Angriffsfläche für Cyberattacken erweitert. Die PWC-Ausgabe „Digital Trust Insights 2021“, bei der weltweit über 3.000 Führungskräfte aus Wirtschaft und Technologie zum Thema Cyber Security befragt wurden, zeigt, dass mehr als die Hälfte der Befragten Angriffe auf Cloud-Dienste und Randsomware-Angriffe für sehr wahrscheinlich halten und auch mit […]

Wie Unternehmen die Transformation erfolgreich umsetzen

Unternehmen befinden sich seit geraumer Zeit im Wandel. So haben 85 % der Unternehmen in den letzten zehn Jahren mehr als eine Transformation durchlaufen. Die aktuelle COVID-19-Pandemie verstärkt darüber hinaus die Notwendigkeit für tiefgreifende Veränderungen an der strategischen Ausrichtung, dem Geschäftsmodell und der Organisation. Jedoch zeigen Studien, dass nur 30 % der Unternehmen während Transformationen […]

Der Anstieg der Cyberkriminalität aufgrund von COVID-19

„There is no illusion that fraud has increased!“ In der jüngsten Folge von Fraud Talk, dem monatlichen Podcast der Association of Certified Fraud Examiners (ACFE), erklärt Arpinder Singh (Leiter von Indien, Emerging Markets, Forensic & Integrity Services bei EY), warum die Pandemie eine einzigartige Gelegenheit für Cyberbetrug geschaffen hat. So nennt er einige Gründe, wie […]

The trillion-dollar reasons to rethink blockchain

Die Verbraucher erwarten von Unternehmen ein hohes Maß an Transparenz in Fragen zur Nachhaltigkeit oder ethischen Beschaffung und verlangen Sicherheit bei den Informationen, die sie online abrufen und weitergeben. Der neue  Report „Time for Trust“ von PWC befasst sich mit den Vorteilen, die sich für Unternehmen durch die Blockchain Technologie ergeben und zeigt, wie Blockchain derzeit genutzt […]

Welche Risiken für Unternehmen ergeben sich aus der US-Wahl?

Während die US-Wahl immer näher rückt, steigt die Unsicherheit in den Unternehmen. Darüber, welche Auswirkungen das Ergebnis auf die globale Wirtschaft hat und darüber, welche Risiken es für die einzelnen Unternehmen mit sich zieht. PwC hat daher zwischen dem 30. September und dem 6. Oktober 537 US-Führungskräfte über potenzielle Risiken, die sich aus den US-Wahlen […]

Cloud-Monitor 2020: Cloud-Computing als Treiber bei der Digitalisierung

Viele Unternehmen befinden sich inmitten eines umfassenden Digitalisierungsprozesses. Wichtiger Treiber dabei ist das Cloud-Computing. Dieses ermöglicht es, jederzeit, überall und schnell Zugriff auf alle notwendigen Informationen zu haben. So ist es nicht verwunderlich, dass für die meisten der Unternehmen in Deutschland Cloud-Computing inzwischen ein fester Bestandteil der IT-Infrastruktur geworden ist. Zu diesem Ergebnis kommt auch […]

Der Weg zur exzellenten & vertrauenswürdigen KI in Europa

Digitale Technologien, wie Künstliche Intelligenz, dringen immer weiter in alle Bereiche des Alltags vor – ob wir im Internet einkaufen oder unsere Daten in der Cloud speichern. Dabei entwickeln sie sich schnell und werden unser aller Leben verändern. So kann Künstliche Intelligenz (KI) die Gesundheitsfürsorge verbessern (z. B. durch präzisere Diagnostik und bessere Prävention von […]

Skepsis als eine Schlüsselkomponente

Eine Schlüsselkomponente, die das Betrugsrisiko-Management-Programm einer Organisation stärken kann, ist Skepsis. Wesentlich ist dabei, dass Skepsis konsequent berücksichtigt und angewendet wird. Dies ist besonders im Zusammenhang mit der Finanzberichterstattung wichtig, da die beteiligten Personen eine Verantwortung für die Förderung der Integrität tragen. Das fehlen von Skepsis kann schwerwiegende Auswirkungen haben, zum Beispiel wenn Abweichungen bei […]

Vielfalt, Gerechtigkeit und Inklusion im Umfeld der Fraud-Bekämpfung

Der tragische Tod des Afroamerikaners George Floyd  bewegt Menschen weltweit und hat vermehrt Diskussionen über Vielfalt und Diskriminierung angeregt.  Darauf basierend hat die Association of Certified Fraud Examiners (ACFE) ein Webinar mit dem Titel „a conversation about diversity, equity and inclusion in the anti-fraud field“ veranstaltet. Bei diesem wurde über Diskriminierung und Anti-Rassismus im Fraud-Umfeld […]

Ready & Relevant: Was wirklich bei der Prüfung zählt

Das im August erschienene Buch „Ready & Relevant: Prepare to Audit What Matters Most“ von Tim Berichon beinhaltet Strategien, Taktiken und Beispiele, um eine flexiblere, reaktionsschnellere und agilere interne Revision aufzubauen und aufrechtzuerhalten. Dabei geht es um Agilität und Relevanz auf Abteilungsebene. Das Buch ist an Interne Revisionsleiter, Abteilungsleiter und Manager gerichtet, die ihre Teams auf […]

Chancen und Herausforderungen in der Durchführung von Remote-Audits

Ein Großteil der Aktivitäten in Unternehmen erfolgen aufgrund der COVID-19-Pandemie derzeit remote bzw. aus dem Home Office. Dies betrifft auch die Tätigkeiten der Internen Revisionsfunktion, da immer mehr Audits remote durchgeführt werden. Ein Fachbeitrag des DIIR befasst sich mit den Chancen und Herausforderungen in der Durchführung von Remote-Audits. Hierzu werden zunächst die Voraussetzungen für Remote-Auditing […]