Session Topic
Safeguarding the Future: Strategies for Internal Auditors in a Rapidly Changing Landscape.
In this interactive session, we will explore the top 5 questions that Internal Auditors need to consider to adapt to change and safeguard New Zealand and the organisations they work in or assist.
Here's how the session will work:
- We will divide into smaller groups, with each group assigned a discussion space within Te Papa, the group will be led by a IIA NZ Board member and facilitator.
- Each group will discuss the provided questions and work together to formulate answers.
- At the end of the 45-minute discussion period, each group will nominate a spokesperson/s to present their findings to the whole audience.
- Presentations will begin at 11:15 am and will last for 5 minutes for each group (max. 6 groups = 30 mins plus buffer). The presentations will conclude at midday.
Let's dive into the questions for our discussions:
- How can Internal Auditors effectively anticipate and respond to emerging risks in a rapidly changing environment?
- What strategies can Internal Auditors employ to enhance their agility and adaptability in the face of unprecedented change?
- In what ways can Internal Auditors leverage technology and data analytics to improve risk assessment and monitoring processes?
- How can Internal Auditors foster a culture of innovation and continuous improvement within their organisations to stay ahead of evolving threats and challenges?
- What role do Internal Auditors play in promoting resilience and sustainability, both within their organisations and in the broader context of New Zealand's economic and social landscape?
To adapt to change and safeguard both New Zealand and the organisations they serve, Internal Auditors should focus on:
- Staying informed: Keeping abreast of industry trends, regulatory changes, and emerging risks to proactively identify potential threats.
- Enhancing skills: Continuously developing skills in areas such as data analytics, cybersecurity, and emerging technologies to effectively address evolving risks.
- Building relationships: Collaborating closely with key stakeholders across the organisation to gain insights, foster innovation, and drive meaningful change.
- Embracing technology: Leveraging advanced tools and technologies, such as AI, automation, and blockchain, to streamline processes, enhance efficiency, and strengthen risk management practices.
- Promoting a culture of risk awareness: Educating stakeholders at all levels about the importance of risk management and embedding a proactive risk management mindset throughout the organisation.
- Prioritising resilience: Developing robust business continuity plans, crisis management protocols, and disaster recovery strategies to ensure organisations can withstand and recover from disruptions effectively.
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