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Internal Auditing in Action @JGU Mainz

24 Jan

20200121 Presentation at JGU Mainz

Thank you Prof. Christopher Koch for the opportunity to speak with your interested group of master’s students at the Johannes Gutenberg-Universität Mainz. I very much enjoyed that and I look forward to coming back, hopefully before too long :-))

#internalaudit, #jgu

Link to JGU Mainz

JGU Mainz



13 Dec


“Courage is resistance to fear, mastery of fear – not absence of fear.”

(Mark Twain)

Time is ripe to overhaul the 3LoD-Model

13 Dec


Offense wins games, defense wins championships! I have been a critic of the Three-Lines-Of-Defense-Model (3LoD), too. At the same time, I value its simplicity. A model is always a reduction of complexity. The model exclusively talks about defense. The model seems to ignore the human factor. The model seems to be an undue simplification. Consequently, the 3LoD-Model is not relevant in many organizations outside the banking sector. Time is ripe to overhaul the 3LoD-Model. I am fully on-board with that ambition. However, weighting up the pros and cons, I am in favor of an evolutionary adjustment. I do not believe that a revolutionary new model will be the solution for it remains a model, after all. The core messages are still relevant in my humble view. We need to cater for considerations of integrated/combined assurance. We need to give room for the plurality in practice, whilst maintaining the simplicity of the model. We definitely need a new name, including both sides of the game, defense and offense. I like the process run by the IIA in the US. I am optimistic there will be progress at the end, and we will take a step in the right direction, possibly not a giant jump. I do not think we need one, either.

#internalaudit, #TLOD, #3LOD, #CorpGov, #CorporateGovernance, #ECIIA, #ECIIA2017

Thank you for the opportunity!

27 Nov

It has been a great pleasure contributing to the success of the 2019 Annual Conference of the European Commission’s Internal Audit Services. Many thanks again dear Dr. Manfred Kraff and dear Patrick De Boom for having me as guest speaker.

My 2 cents below and attached:

#Swimming in the organisation

#Enabler of learning and change


2019_EU IAS conference 2019_Dr. Rainer Lenz

Added Value of Internal Audit: Swimming, Learning and Change, Farmer

21 Nov


Thank you dear Dr. Manfred Kraff and dear Patrick De Boom for inviting me as guest speaker at your 2019 Annual Conference of the European Commission’s Internal Audit Service, Brussels, in November 2019. Landing page, conference

My contribution will be about:

Added Value of Internal Audit: Swimming, Learning and Change, Farmer

Presentation via SlidePresenter

#internalaudit, #valueadded, #swimmingintheorganisation, #learningandchange, #farmer, #europeancommission, #slidepresenter



Time is Ripe to Revolutionize the Audit

4 Nov



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. Heath & Heath (2008) study in their bestseller why some ideas survive and others die. When applying their SUCCESs-model to the world of audit, it is worthwhile to search for sticky ideas that are Simple,
Unexpected, Concrete, Credible, Emotional and/or tell Stories. One of such traits may already be sufficient to make an idea stick. Process Mining has the potential to bring (internal) audit on a much higher plateau. In doing so, the entire (internal) audit profession can be strengthened that way. Process Mining is so powerful for it makes the matter in question very concrete. And, such concrete evidence is very credible when inspiring to learn and change. Time is ripe to revolutionize the audit. Let your data speak to drive learning and change.

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

2017_Submitted manuscript


Internal Audit Service (IAS) Conference 2019: From hindsight to insight and beyond – How Internal Audit may contribute to foresight

26 Sep

20191127 EU IAS Conference.PNG

I very much look forward to contributing to the success of this event.