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Advancing Retail Audit: Insights from Dr. Ian Peters on Future Strategies and Collaboration

In a pivotal address on May 23, 2013, Dr. Ian Peters, Chief Executive, outlined the vision for internal auditing's essential role in organizational success. The mission emphasizes enhancing the profession's skills and knowledge, promoting its value across sectors, and ensuring the Institute supports its members effectively. Upcoming initiatives include engaging more Audit Committees, growing membership, and driving global qualifications convergence. The focus will shift toward sector-based strategies to enhance service delivery, member recruitment, and influence, alongside closer collaboration between the Retail Audit Group and the Institute.

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Advancing Retail Audit: Insights from Dr. Ian Peters on Future Strategies and Collaboration

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  1. Supporting the profession Retail Audit Forum • Dr Ian Peters, Chief Executive Thursday, 23rd May, 2013

  2. What are we trying to achieve ? • Vision • That internal auditing is recognised as essential to the success of • Organisations • ….and that the Institute is regarded as essential to the success of those individuals • and organisations involved in internal audit.

  3. Mission • Develop the profession to ensure it has the skills, knowledge and expertise to be • essential to the success of organisations • To promote the role and value of the profession to ensure that it is recognised as • Essential to success. • To achieve this the Institute must be representative of the profession as a whole and • sufficiently well resourced to support its activities

  4. Achievements - the last three years

  5. Areas for additional emphasis- the next three years • Engaging with Audit Committees • Growing the membership • Global qualifications convergence (CIA & CMIIA) • 2014 International Conference • Research and policy • Sector Strategy

  6. Sector strategy - vision • We are developing a sector strategy to help us focus our service delivery and influence • activities. • Vision • Sector-based groups dedicated to serving sectors • Sector groups should be volunteer and member-led • Make membership more attractive through sector based services • Improve member recruitment and retention • Facilitate influence and profile activity

  7. Sector services • Services could include : • Dedicated web area • Information and resources • Web forums • Benchmarking / research • Training and events • Profiles in Audit & Risk Magazine • We will be piloting a model for sector based delivery during 2013/14 • More scope to deliver influence for sectors.

  8. Benefits of closer working between the Retail Audit Group and IIA • Event content and administration • Stronger voice for the profession within the retail sector • Stronger voice for retail sector practitioners within the Institute • More relevant/tailored services • Gaining new members through a more attractive service package

  9. Steps to closer working • Continue working relationship established on event administration • Input to Institute sector strategy • Agree basis for greater collaboration • Agree scope for membership growth and service development

  10. Questions

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