Professional Documents
Culture Documents
Stephen Coates - Internal Audit in Post Pandemic Recovery
Stephen Coates - Internal Audit in Post Pandemic Recovery
Recovery:
Risks and Challenges
WHAT’S A PANDEMIC? HOW ARE INTERNAL AUDIT & PRE-PANDEMIC – AUDITING BCP
PANDEMICS LINKED? AND PANDEMIC PREPAREDNESS
When a pandemic occurs
1 2 3 4 5 6 7 8
Suspend work on Identify high-risk Tell management Take an active Become a real- Become a control Take off your Provide
the internal audit high priority you’re there to business time control monitor internal audit hat alternative
plan issues help continuity role advisor services
Post-pandemic – when the pandemic is controlled
2000
2100
Nature of Work
• “…Internal audit credibility and value are enhanced when auditors are
proactive and their evaluations offer new insights and consider future
impact.”
Core Principle 9
• Example enablers and key indicators to demonstrate a core principle:
PG-Demonstrating the Core Principles for the Professional Practice of IA – Institute of Internal Auditors
Core Principle 9: Is Insightful, Proactive, and Future
Focused
How can Activity beyond Expanding local Future proofing Strategic Planning Feedback Consequences of
examining past the Strategic Plan, government’s risk business units. and Systems not being
transactions be emerging risks. assessment. Under insightful:
useful? Development.
Emerging risks are
missed
Value is limited
Loss of Board and
management support
Commitment to improve the quality of internal auditors
Improvement: How
does management
build experience and
learning?
Climate Change - Local
Government Internal
Audit Approach
Collaboration
Governance and
Integration and best
leadership
information
Risk
identification Risk treatment Risk monitoring
and assessment
Continual
Risk reporting
improvement