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Implementing the Internal Audit Balanced Scorecard
This webinar addresses the questions:
•How do we build the Scorecard?
•What will we measure?
•How will we report?
•How does this compare to a QAR?
Overview of the webinar
In ensuring that Internal Audit achieves its objectives in a demonstrable manner, it is critical to have a plan, set goals, and measure your success. Having a plan and measuring are more important than the specific tool you use. The Balanced Scorecard is a tool developed by Robert S. Kaplan and David P. Norton. It is an “Holistic” approach that extends beyond financial measures and incorporates other priorities thus linking strategic institutional plans and priorities
Who should attend?
• Governance, Risk, Compliance (GRC) staff
• CFO, Treasurers
• Chief Risk Officers,Chief Legal Counsel,Chief Compliance Officer
• VPs of Risk Management, VP of Finance, Controllers
• Director, Internal audit
• Director, Operational Risk
• Manager, Enterprise Risk Management
• Risk analysts
• Information security directors/managers
• GRC and IT directors/Consultants involved in following areas- Audit, Compliance, Governance, Risk management, Sarbanes Oxley (SOX), Ethics, Regulatory, Legal, Governmental affairs, IT, Accounting, Finance, Reliability, Quality assurance
Why should you attend?
It attempts to translate an organization's mission and strategy into a comprehensive set of performance measures that provides the framework for a strategic measurement and management system. As with corporate Balanced Scorecards, the Internal Audit Scorecard addresses the perspectives:
–Financial perspective
•How do we look to shareholders?
–Customer perspective
•How do customers see us?
–Internal Business perspective (BPR)
•What must we excel at?
–Innovation & Learning perspective
•Can we continue to improve & create value?
Faculty - Mr.Richard Cascarino
Richard E. Cascarino, MBA, CIA, CISM, CFE, CRMA Well known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA, and Johannesburg, South Africa with over 32 years experience in audit training and consultancy.
He is a regular speaker at National and International conferences and has presented courses throughout Africa, Europe, the Middle East, and the USA.
Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc, and is a member of ISACA, and the Association of Certified Fraud Examiners, where he is a member of the Board of Regents for Higher Education.
Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services, and Health) in Johannesburg and was also the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa.