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50 free online copies

28 Nov

50-second-timer

Lenz, R. (2017), Time is Ripe to Revolutionalize the Audit, EDPACS, 56:4, 19-22

50 free online copies <download>

Access to paper @EDPACS

 

Abstract

There have been doubts around the added value and relevance of (internal) audit. There have been question marks whether that profession truly focuses on what matters most. How can we make better? How can we make (internal) audit an even greater success in the eyes of its customers and stakeholders, too? In the digital age, more than ever, there is nothing as constant as change. It is time to revolutionize the audit. Process Mining has the potential to revolutionize (internal) audit. Let your data speak to drive learning and change.

 

 

 

 

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Time is Ripe to Revolutionize the Audit (Forthcoming in November)

14 Oct

Big Ben 2017-10

 

Lenz, R. (2017), Time is Ripe to Revolutionalize the Audit, EDPACS, 56:4, 19-22

Download

 

Abstract

There have been doubts around the added value and relevance of (internal) audit. There have been question marks whether that profession truly focuses on what matters most. How can we make better? How can we make (internal) audit an even greater success in the eyes of its customers and stakeholders, too? In the digital age, more than ever, there is nothing as constant as change. It is time to revolutionize the audit. Process Mining has the potential to revolutionize (internal) audit. Let your data speak to drive learning and change.

 

“Insights Into Self-Images of Internal Auditors” is now available for free

11 Oct

21618A84-51CB-40C0-A845-361CB3C3B70A

“Insights Into Self-Images of Internal Auditors” is now available for free on Taylor & Francis Online:

http://www.tandfonline.com/doi/abs/10.1080/07366981.2016.1220226

My presentation about SUCCESs @ECIIA 2017 in Basel today

21 Sep

ECIIA 2017_Dr. Rainer Lenz_21.09.2017

 

ECIIA 2017_Emotional

 

My presentation @ECIIA 2017 in Basel (21.09.2017) about:

SUCCESs – Simple, Unexpected, Concrete, Credible, Emotional, and Stories

I enjoyed it very much. I greatly appreciate the so positive feedback received.

 

Link: 2017 AUDIT INNOVATION AWARD – 1st prize

SUCCESs – Simple, Unexpected, Concrete, Credible, Emotional, and Stories

25 May

ECIIA 2017

ECIIA 2017_SUCCESs

 

SUCCESs – Simple, Unexpected, Concrete, Credible, Emotional, and Stories

 

CS 3 – 4 – Dr. Rainer Lenz, Head Internal Audit Villeroy & Boch

September 21, 2017, 12:20 – 12:50

 

Inspired by the bestseller “Made to Stick: Why some Ideas Survive and Others Die” (Heath and Heath, 2008), Dr. Rainer Lenz will apply the SUCCESs model of sticky ideas to the world of internal auditing.

 

A sticky idea is understood, it is remembererd, and it changes something:

  • Are internal auditors, are you understood?
  • Are you remembered? If so, what for?
  • Are you agent/s of change?
  • What are favorable conditions to succeed?
  • What is in your hand?

 

Along the acronym SUCCESs, Dr. Rainer Lenz will share his perspective on how effective internal audit looks like. His perspective is based on over 20 years of senior management experience and his dive into the world of academia in parallel to his full time job, performing empirical research about internal audit, too.

 

 

Fresh article about internal audit effectiveness – 50 downloads FREE

3 Feb

50-second-timer

Lenz, R., Sarens, G. & Hoos, F. (2017), Internal Audit Effectiveness: Multiple Case Study Research Involving Chief Audit Executives and Senior Management, EDPACS, 55:1, 1-17

50x FREE ACCESS to: LENZ, SARENS & HOOS (2017), EDPACS, 55:1, 1-17

Abstract

The focus of this study is the relationship between Chief Audit Executives (CAEs) and Senior Management (SM) and its relationship with internal audit (IA) effectiveness. The study reveals differences between more and less effective IA functions and offers explanations by studying organizational, personal, and interpersonal factors within the German corporate governance context. The findings show that the pattern of interaction between CAEs and SM are a key determinant of IA effectiveness. This study highlights the danger of viewing customer satisfaction as the key measure of IA effectiveness since in practice expectations can vary significantly and as sometimes very little may be demanded. Moreover, CAEs typically adjust to expectations, upward and downward. CAEs can drive the agenda as well. When it comes to personality factors, “Fingerspitzengefühl” and swimming in the organization characterize the successful internal auditor. IA designations for CAEs were not found to be of added value. At organizational level, the findings show that companies that are considered as “hidden champions” demand and benefit from effective IA practices.

Keywords: internal audit, effectiveness, organizational factors, personal factors, interpersonal factors.

 

Additional author information

Rainer Lenz, PhD, CIA, QIAL, CIIA, is a seasoned financial and audit executive with over twenty years of international experience in global organizations.

Gerrit Sarens, PhD, CIA, is full professor in audit and governance at the Louvain School of Management (Belgium). He is the author of several books and articles on internal audit.

Florian Hoos, PhD, is assistant professor in accounting and management control at HEC Paris (France). He has won numerous awards, including the nomination as one of the worldwide 40 best business school professors under 40.

 

ACCEPTED MANUSCRIPT LENZ, SARENS & HOOS (2017)

 

Tags: effectivenessInternal Auditinterpersonal factorsorganizational factorspersonal factors

Internal Audit Effectiveness: Multiple Case Study Research Involving Chief Audit Executives and Senior Management

10 Jan

81249

Lenz, R., Sarens, G. & Hoos, F. (2017), Internal Audit Effectiveness: Multiple Case Study Research Involving Chief Audit Executives and Senior Management, EDPACS, 55:1, 1-17

LENZ, SARENS & HOOS (2017) EDPACS, 55:1, 1-17

Abstract

The focus of this study is the relationship between Chief Audit Executives (CAEs) and Senior Management (SM) and its relationship with internal audit (IA) effectiveness. The study reveals differences between more and less effective IA functions and offers explanations by studying organizational, personal, and interpersonal factors within the German corporate governance context. The findings show that the pattern of interaction between CAEs and SM are a key determinant of IA effectiveness. This study highlights the danger of viewing customer satisfaction as the key measure of IA effectiveness since in practice expectations can vary significantly and as sometimes very little may be demanded. Moreover, CAEs typically adjust to expectations, upward and downward. CAEs can drive the agenda as well. When it comes to personality factors, “Fingerspitzengefühl” and swimming in the organization characterize the successful internal auditor. IA designations for CAEs were not found to be of added value. At organizational level, the findings show that companies that are considered as “hidden champions” demand and benefit from effective IA practices.

Keywords: internal audit, effectiveness, organizational factors, personal factors, interpersonal factors.

 

Additional author information

Rainer Lenz, PhD, CIA, QIAL, CIIA, is a seasoned financial and audit executive with over twenty years of international experience in global organizations.

Gerrit Sarens, PhD, CIA, is full professor in audit and governance at the Louvain School of Management (Belgium). He is the author of several books and articles on internal audit.

Florian Hoos, PhD, is assistant professor in accounting and management control at HEC Paris (France). He has won numerous awards, including the nomination as one of the worldwide 40 best business school professors under 40.