Internal Audit Handbook（2007）C7-Global Audits.pdfVIP

7 Global Audits Key Points ••• • As the trend towards globalization continues, Internal Audit must respond by conducting global audits. • Internal Audit must be able to handle global topics adequately, however, a spe- cial process model for global audits is not necessarily needed. • Global audits entail greater coordination and communication efforts. • In global audits, GIAS can use its strengths with regard to global presence under centralized management with decentralized operations. • Global audits present special challenges for each auditor, which can have a posi- tive effect on his or her personal career development. ssAPAP asas aa GlobalGlobal SAP is a global company in many respects. SAP currently has customers in over 120 CompanyCompany countries and offers software solutions in 31 languages. Indeed, there is worldwide demand for SAP products and services. For this reason, the company now gener- ates a large proportion of its revenue in countries outside Europe, particularly the United States. Further, the Asian market as well as countries like India, Russia, and Brasil have gained considerably in importance. SAP’s shareholders are also interna- tional. Most of the company’s individual shareholders are based in the United States. In addition, SAP’s global orientation is reflected in the international composit