（2009）BEYOND Continuous Auditing.pdfVIP

NORMAN MARKS. CPA VICE PRESIDENT , GOVERNANCE , RISK . AN D COMPLIANC E SAP BUSINESSOBJECTS DIVISIO N HE TURBULENT ECONOMIC EVENTS OF THE past months have demonstrated the need for internal auditing to provide peace of mind that business risk is managed effectively. Company after company has experienced major problems that appear to be the result of managing risks ineffectively. The value of assurance that helps boards of direc- tors and chief executives sleep during the storm is immense. In its breakthrough 2007 publication, Internal Audit 2013, D E C E M B E R 2 0 1 ) 4 I N T E R N A L A U D I T O R PricewaterhouseCoopers (PwC) discussed the trends likely to data mining that can provide indicators of risk and control shape internal auditing (emphasis added) : health. Each of the major elements of the model is discussed Throughout the next five years, the value of the controls- in more detail. focused approach that has dominated internal audit is expected to diminish. As this occurs, internal audit leaders MONITORING KEY PERFORMANCE INDICATORS must adopt risk-centric mind-sets if