agile-internal-audit-roundtable-summary-final.pdf

Baker Tilly hosted a virtual roundtable focused on agile auditing with chief audit executives and internal audit leaders. The interactive roundtable focused on what it means to be agile and how to implement an agile internal auditing strategy. Additionally, the discussion took place within the framework of Baker Tilly’s overarching mindset of Now, for tomorrow—learning to be agile today to help organizations better prepare for tomorrow.

The roundtable featured facilitated group discussions with five specific industry groups: insurance, banking, government contracting, manufacturing/distribution/utilities and higher education. 

Our agile auditing specialists take a practical approach to agile implementation, to help organizations respond faster to changing risks and priorities. 

Baker Tilly’s agile internal audit specialists help organizations respond faster to changing risks and priorities, accelerate audit cycles and increase the value and insights gained from the internal audit function.

Balance competing priorities. Effectively align limited resources. Advance student and institutional success. 

Higher education leaders are challenging the status quo, transforming their business models and addressing strategic and tactical concerns with the help of Baker Tilly.

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Providing manufacturing consulting solutions to help businesses reduce risk and improve efficiencies across the supply chain.

Whether it’s assurance, tax or advisory needs, our manufacturing consulting professionals have tailored solutions for industry challenges including workforce shortages, automation, artificial intelligence, inflation and costing pressures or supply chains disruption.

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With the banking industry (and world) in a state of digital transformation and change, you need a team that can assist in navigating challenges and charting a new course. 

Baker Tilly banking practice leaders collaborate with a wide range of financial services companies on financial statement, internal audit and advisory services.

Navigating the ever-changing insurance industry while also meeting compliance requirements and staying ahead of quickly developing technology can be overwhelming. Chart your legacy and reach your financial and operational goals: Your journey starts here.

Baker Tilly assists insurance organizations – including health, life, P&C, reinsurance, captive and insurtech – with risk management, internal audits, ESG and more.

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It's adopting agile principles in internal audit; it's about adopting a people-centric culture that operates in rapid learning, flexible planning and execution, and fast decision cycles enabled by technology and common purpose to create and add value to stakeholders.

What does it mean to be "agile" in internal audit?

Contributors: Kimberly Macedo, Corey Parker, Matt Reierson, Rachel Schmoyer, Russell Sommers

Chris Tait is a principal with Baker Tilly’s risk advisory practice. He has been with the firm since 2003. He has more than 20 years of experience providing technology related consulting and assurance services to financial institutions. Chris’ experience includes information technology (IT) auditing and risk management, IT assessments, IT operations management, IT strategy development, package systems selection and implementation, business process redesign and custom systems development in a wide variety of environments.

Mark is a partner with Baker Tilly who joined our firm in 2007. Mark’s background includes his current role serving in the risk advisory practice, as well as years spent in the external audit practice. His experiences focus primarily within the financial services industry, but also include experience in the manufacturing, distribution and retail industries. 

Cassandra is a partner and practice leader focused on business risk services in the risk advisory practice. Cassandra has more than 25 years of experience in internal audit, operational and financial process improvements. She also consults on a wide range of business issues and regulatory compliance matters, corporate governance and internal control structures, at private, public and not-for-profit organizations.

Matt is a principal in Baker Tilly's risk advisory practice.

Chris is the leader of Baker Tilly’s Illinois business unit’s risk advisory and internal audit consulting practice.

Ashley is a partner in the firm’s higher education and research institutions industry practice.

Internal audit executives discuss importance of agile auditing in building and enhancing the value of internal audit in insurance, banking, government contracting, manufacturing and higher education.

The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.

Baker Tilly financial services practice leaders collaborate with a wide range of financial services companies to help move organizations toward the future they envision.

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Baker Tilly helps government contractors nationwide address complex regulatory compliance, audit and other government oversight burdens.

Baker Tilly positions government contractors for success in the federal marketplace by helping them address complex regulatory compliance, audit, and other government oversight burdens. 

Government contractors: Baker Tilly’s expertise and solutions

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With expertise in oil and gas, power and utilities and renewable energy, we provide a collective view with measurable results. 

Baker Tilly’s energy team, lead out of Texas, works with oil and gas, upstream, midstream, downstream, power and utilities, and renewable energy.

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Baker Tilly addresses the full spectrum of risk, governance and compliance considerations in the context of industry, operations and culture.

Baker Tilly professionals support clients in managing risk, ensuring regulatory compliance, protecting information, optimizing operations and enhancing organizational performance.

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Leverage industry-specialized internal audit for organizational success.

Baker Tilly’s internal audit professionals use a forward-looking, industry-fluent approach to help clients address emerging risks, streamline business processes and strengthen internal controls.

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Agile auditing: unpacking today’s key trends across industries

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Resources

Agile Internal Audit

Higher Education

Manufacturing & Distribution

Banking & Capital Markets

Insurance

What does it mean to be "agile" in internal audit?

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