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AUDITING
Use Internal Auditing to Improve Processes
Make sure your company has the resources, systems, and processes in place for delivering efficient, effective, and secure operations.
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There is a silver lining to the perceived dark cloud of audits and regulations. Auditors are management's partner and design audits to identify key goals, issues, risks, and challenges facing an organization and evaluate its progress against important initiatives. Formal external and internal audits provide management with an increased level of assurance that compliance efforts are meeting the needs of the organization. Furthermore, every audit presents an opportunity to promote the sharing of lessons learned and best practices with all of the stakeholders involved in compliance efforts.
Audits don't have to be as complicated or resource-intensive as they may first appear. With a little preparation and more importantly, by conducting regular and proactive risk assessments of organizational compliance robustness, IT and internal auditors can develop an effective and efficient audit program that not only protects against regulatory and reputation risk, but helps implement a culture of continuous improvement for operational excellence.
Here's how to determine a company's readiness to increase auditing efforts, implementing a culture of continuous improvement.
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Dan Swanson (CIA, CMA, CISA, CISSP, CAP) is president and CEO of Dan Swanson and Associates. He is a 26-year internal audit veteran, who most recently was director of professional practices at the Institute of Internal Auditors (IIA). Prior to his work with the IIA, Dan was an independent management consultant for more than 10 years. He has completed audit projects for more than 30 different organizations, spending almost 10 years in government auditing, at the federal, provincial, and municipal levels, and the rest in the private sector, mainly in the financial services, transportation, and health sectors.
Keyword Tags: Business Operations, Compliance, Corporate Compliance, Corporate Governance
ADVISORAMA No matter how hot it gets in the daytime in Hollywood it's always dull at night. -- Sam Marx
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ARTICLE INFO
Web Edition: 2008 Week 33, Doc #18494
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