{ "docId": "019dd923-5ca1-7489-b63a-2fb218645ceb", "docSlug": "881842e1f116409d", "documentTitle": "2019 Internal Audit Profession Study", "authorId": "PwC", "authorName": "PwC", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.775, "pageNumber": 2, "pageCount": 22, "prevPage": 1, "nextPage": 3, "slideType": "situation_overview", "function": "establish_context", "density": "dense", "nDataPoints": 2, "notes": "The slide uses a split-layout with a high-level summary on the left and detailed context on the right.", "elementsJson": [ "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b63a-2fb218645ceb/2", "deckHref": "/decks/019dd923-5ca1-7489-b63a-2fb218645ceb", "deckJsonHref": "/decks/019dd923-5ca1-7489-b63a-2fb218645ceb.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b63a-2fb218645ceb#slide-2", "components": [ { "bbox": null, "kind": "callout", "text": "Just 22% of CEOs call such data sufficiently comprehensive.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-dfa2-7185-b3a2-e8ca3526fcc6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.2, "x": 0.73, "y": 0.94 }, "kind": "disclaimer", "text": "2019 State of the Internal Audit Profession Study | 2", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c8a05cd2-b830-48de-8986-a30744fe48d5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.65, "w": 0.41, "x": 0.07, "y": 0.08 }, "kind": "paragraph", "text": "Organisations are rapidly rolling out digital initiatives in an arena defined by more data, more automation, sophisticated cyberattacks, and constantly evolving customer expectations. In some ways — for internal audit functions — the situation is not new: technology risks and controls have already been on their agendas for decades, and most can reliably deliver a technology audit.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "09dc876d-24a3-4a82-bec5-c583a3d0e5ed", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.41, "x": 0.52, "y": 0.72 }, "kind": "paragraph", "text": "Our 2019 Global Risk, Internal Audit and Compliance Survey shows that as organisations move through digital transformation, internal audit functions that are more digitally fit more effectively help their stakeholders become smarter risk takers in the face of changing risk profiles.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "33bfbf08-d71e-4d88-93dd-ffbc0e5cccca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.41, "x": 0.52, "y": 0.08 }, "kind": "paragraph", "text": "But digital rollouts heighten risks beyond the technology itself. For instance, as public trust in institutions and corporations has been on the wane, the implications of a data-privacy breach could be significant — even for a pilot project. Or a faulty artificial-intelligence (AI) algorithm could wreak havoc on financial accounting. Digital initiatives change the risk profile, and in today's information-rich era, data to inform decision making — and risk taking — is falling short. According to PwC's 22nd Annual Global CEO Survey, the quality level of the data that leaders need in order to make long-term decisions based on their companies' risk exposure is exactly the same level as it was 10 years ago. Just 22% of CEOs call such data sufficiently comprehensive.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b98633ff-1b99-4e95-a152-9f7cef14df98", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.41, "x": 0.52, "y": 0.45 }, "kind": "paragraph", "text": "Internal audit needs (1) the dexterity to pivot quickly and to keep up with the digital pace of the business, and (2) the knowledge and skills to provide advice and strategic assurance in this new arena. Internal audit functions that increase their own levels of digital fitness will be far more effective at meeting that challenge. By harnessing digital capabilities and the power of data — both data internal to their organisations and data outside them — internal audit functions can find correlations that will not only keep pace with changing risks but also help predict changing risk profiles.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f154ed8a-4e25-4b68-a28d-8307e39918bc", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 2, "from": 2, "beatId": "19650ae5-9cf1-40a9-a00c-60865c420804", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "Organisations are rapidly rolling out digital initiatives", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "loops": [ { "to": 5, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "f81c8a3a-d1ea-4c7b-bf3f-405903247c9d", "evidence": "The deck highlights the importance of digital fitness", "position": 0, "objective": "What are the risks of not being digitally fit?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }