How to Manage and Overcome Current Day Audit Challenges IIA Miami Panel September 2018 Meet The Panelists Steve Roth Vice President Internal Audit Norwegian Cruise Line Holdings Blanca Malagon ID: 762010
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How to Manage and Overcome Current Day Audit Challenges IIA Miami Panel – September 2018
Meet The Panelists Steve Roth Vice President Internal Audit Norwegian Cruise Line Holdings Blanca Malagon Associate Vice President Chief Audit and Compliance Officer University of Miami Jonathan Wolfe Senior Director AutoNation All our panelists serve on the IIA Miami Board of Governors
Resource Challenges Manage and Overcome Challenges
Resource Challenges: Talent Acquisition IA
Resource Challenges: Managing Different Generations Traditionalists Mid 70 year old’s Baby Boomers 50 – 70 year old’s Gen X 50 – 40 year old’s Gen Y: Millennials 20 – 40 year old's Gen Z 20 year old's 2020 2025Gen Y: Millennials20 – 40 year old's
Resource Challenges: Managing Different Generations Challenges when Managing Millennials Steve Blanca Jonathan Encouraging face-to-face communication Maintaining high level of engagement Finding ways to set themselves apart Managing expectations of career advancement Balancing the need for constant feedback/praise Managing expectations
Resource Challenges: Doing More with Less Manage and Overcome Challenges Increasing efficiencies Balancing requests for special projects
Stakeholder Challenges Manage and Overcome Challenges
Stakeholder Challenges: Expectations and Communication
Large Image slide Audit Process Challenges Manage and Overcome Challenges
Audit Process Challenges Steve Blanca Jonathan Average time to complete operational audit 3 months 2 months Varies, from a few days to ongoing throughout the year Longest audit stagePlanning ReportingPlanningor Fieldwork and Follow up, if issues identified Most challenging audit stageReportingReportingAll stages can bring unique challengesLength of reporting phase3 weeksVariesVaries,up to several weeks for complex reportsAverage number of report drafts20VariesVaries, 5 or more for complex reportsAverage number of quarters for audit follow up 2 quartersVaries, 2 to 4 quarters Varies, 1 to 6 quarters
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