In this episode, Lauren Massey and Dhiraj Malhotra join Mike Maali to share a real example of how one company got started with internal audit transformation and the tactical next steps you can take to bring this model to life.
We discuss the following questions:
0:46 - What activities can help you pull together all of your needs to begin your internal audit transformation?
3:25 - What stakeholders are normally involved in this type of activity?
6:07 - What are typical outputs that come out of this type of activity?
Mike Maali leads PwC’s Internal Audit, Compliance & Risk Management Solutions Practice. For nearly 30 years, Mike has delivered a range of risk management, external audit and internal audit services to leading global and national organizations. His expertise includes implementing and optimizing enterprise-wide risk management programs and systems, and performing risk assessments, translating the results into efficient, risk-based plans for internal audit, risk and compliance functions. He has advised clients on how to stand up their internal audit, risk management and compliance functions, and how to transform existing functions to be strategically aligned with the business and other risk prevention lines of defense. He also offers best practices to embed data analytics and advanced technology into all components of risk management and control, and leverages PwC’s deep industry and technical capabilities for enhanced insights in the planning, execution and reporting of internal audit projects, risk management programs and compliance testing solutions.
Lauren Massey is a PwC Principal based in Tampa, Florida focused on delivering strategic Internal Audit, Compliance and Risk Management solutions to clients in the manufacturing and technology sectors. She has been helping companies integrate data and technology into their internal audit strategies, and is a subject matter specialist in data mining and analysis around control deficiencies and potential instances of fraud. In her role, she is responsible for delivering continuous enterprise risk assessment, internal audit strategy, engagement planning and budgeting, as well as managing communications with audit committees and senior executives.
Dhiraj Malhotra is a PwC Principal in the Internal Audit, Compliance and Risk Management Solutions Practice. He has spent more than 19 years helping clients manage and run businesses more effectively. From business process re-engineering of end-to-end business processes (procurement, supply chain, content management, contracting) to managing risks across functional areas for a variety of industries, he has advised Fortune 500 clients in transforming their business and compliance activities from strategy, framework to execution and sustainable managed services platforms.