Global Audit Leadership A Practical Approach to Leading a Global Internal Audit (GIA) Function in a Constantly Changing Internal and External Landscape Security, Audit and Leadership Series

Leaders across the globe have a common challenge they cannot ignore: CHANGE. This must be embraced and effectively managed to remain relevant and successful in a dynamic operating environment. Embracing change, including technological innovations, collaboration, and timely sharing of information, is paramount to the survival and success of everyone in an ever-changing environment.

In times of rapid change, organizations are often forced to adjust their strategic plans. Stakeholders usually need assistance to effectively manage the risks, unprecedented at times, and capitalize on the opportunities that usually come with change. Change management must be effectively executed to assist in ensuring the viability of the organization.

This book provides advice and guidance to assist stakeholders navigate the challenges and demands of change. It includes insights, measures, and tools that have contributed to my success as a leader in the internal audit profession for 27 years.

1. Transformation to an Agile Leadership and Operating Environment. 2. Role and Responsibilities of the Chief Audit Executive. 3. Laying the Foundation for the Success of the Chief. 4. Building and Maintaining Relationships with Stakeholders. 5. Managing a Multicultural Global Internal Audit Team. 6. Managing Change. 7. Transformation to a Risk-Based Internal Audit Operating Environment. 8. Automation of Internal Audit Operations. 9. Establishment of an Enterprise Risk Management Program. 10. Internal Controls as Stakeholders’ Best Friend. 11. Getting the Most from Assurance Functions. 12. Clean Sheet of Paper Internal Audit Approach. 13. Enhancing the Effectiveness and Efficiency of Internal Audit. 14. Enhancing Internal Audit’s Value to the Organization. 15. Scaling Up Advisory Review Services. 16. Establishing a Proactive Fraud Investigation Function. 17. Mindset and Skillset of the Next Generation of Leaders of Internal Audit.

Audley L. Bell, CPA, CIA, CISA, CFE, DHL, has a professional career that spans over 40 years, including 35 in internal audit and 4 in public accounting. Additionally, he spent four years teaching accounting at the undergraduate level at the University of the West Indies in Jamaica. During his 27-year tenure leading internal audit functions, he served as the leader of internal audit for seven organizations, including two global organizations for 13 years. He also developed five internal audit functions and two in-house investigations units within the internal audit function. Additionally, he served as a member of the ethics, compliance, and enterprise risk management leadership team at one organization, and he oversaw the development of the plan for the implementation of an ERM program at another. His work experience covers several sectors and industries, including publicly traded companies, financial institutions, quasi-governmental entities, colleges and universities, construction, manufacturing, distribution, telecommunications, transportation, non-governmental organizations, micro-finance, and a credit union. The role included working closely with senior management and audit committees and other internal and external stakeholders.

Prior to realizing his passion for internal audit, his first career was on the tennis court. He won several singles tennis tournaments at the junior and adult levels in Jamaica and represented Jamaica as a junior player and in Davis Cup competitions. He was the runner-up for the 1971 men’s singles National Junior College Tennis Championships (NJCTC) while he attended Wingate Junior College, now Wingate University, on a tennis scholarship. The team, coached by Ronnie Smarr, won back-to-back national tennis championships in 1970 and 1971. Unbeknownst to him, Mr. Bell was the first Black tennis player in the Atlantic Coast Conference. He continued his college tennis journey at Wake Forest University on a full ten