Audit Transformation

Establish a transformation vision and goals. Make the case for change.

Status quo and legacy ways of working will result in falling behind rather than keeping up. Internal Audit leaders need to embrace the need for change and key Internal Audit stakeholders need to expect it.  Business initiatives, regulatory requirements, and technology have all been subject to significant change; Internal Audit functions need to change and evolve simply to keep up and must embrace transformation as a business-as-usual activity, continue to position for the future needs of the organization.

We help establish transformation priorities and plans, and support in their implementation, offering advice on leading practices and strategies to deliver successful outcomes and enable change.


Embrace a change mindset and view transformation as an imperative

Our Audit Transformation Services

Transformation Strategy & Planning

Support all aspects of the transformation journey from establishing a vision and strategic plan to implementation and change management.

 

Controls Program Strategy

Establish highly efficient and effective control testing programs that serve the needs of multiple stakeholders (internal and external) and leverage the latest technologies and tools. Embed a controls-mindset across the organization.

 

Quality Assessment & Leading Practices

Assess conformance to standards of professional practice, regulatory expectations, and general leading practice. Leverage proprietary frameworks and capability maturity models to support the development of roadmaps.

 

Audit Committee Advisory

Engage with and advise Executives and Audit Committee members on their risk oversight responsibilities as well as leading practices related to engagement with and assessment of the organization’s Internal Audit function and leaders.

 

Evaluate current state, define transformation strategy, and start the transformation journey

Our Approach


Protiviti helps transform internal audit function across all industries.  We help organizations align the practice of internal auditing with expectations of key stakeholders, including senior management and the board of directors.  We provide transformation for organizations worldwide by:

  • Evaluating current state practices against professional standards, regulatory expectations, and leading practice.
  • Establishing a view of current state, capability maturity, and existing leading practices, working with internal audit leaders and key stakeholders to establish a roadmap.
  • Defining transformation strategy. We understand the strategies and needs of the broader organization and support internal audit leaders in translating those into an internal audit transformation strategy & plan.
  • Supporting all aspects of the transformation journey.  From establishing a vision and strategic plan, helping to build sourcing and talent strategies, updates to risk assessment, delivery, and reporting practices, improved coordination, and collaboration with other assurance functions, to driving increased use of data and technology.

Evaluate current state, define transformation strategy, and start the transformation journey

Key Partners


Leadership

Erika Ray
Erika is a Managing Director in Protiviti’s Charlotte office with 20 years of experience in consulting and financial services. Extensive experience in client service and industry audit roles leading transformation and change with a focus on developing strategic ...
Michael Thor
Michael Thor is a Managing Director in the Internal Audit practice of Protiviti. He has over 21 years’ experience in providing internal audit as well as operational, financial, and IT consulting services to organizations across a variety of companies within financial ...
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