Global Audit Leadership
A Practical Approach to Leading a Global Internal Audit (GIA) Function in a Constantly Changing Internal and External Landscape
Security, Audit and Leadership Series

Leaders across the globe have a common challenge they cannot ignore: CHANGE. This must be embraced and effectively managed to remain relevant and successful in a dynamic operating environment. Embracing change, including technological innovations, collaboration, and timely sharing of information are paramount to the survival and success of everyone in an ever-changing environment.

In times of rapid change, organizations are often forced to adjust their strategic plans. Stakeholders usually need assistance to effectively manage the risks, unprecedented at times, and capitalize on the opportunities that usually come with change. Change management must be effectively executed to assist in ensuring the viability of the organization. The book provides advice and guidance to assist stakeholders navigate the challenges and demands of change. It includes insights, measures, and tools that have contributed to my success as a leader in the internal audit profession for 27 years.

The author, Audley Bell, graduated cum laude with a Bachelor of Science degree in Management Studies from Boston College in 1976. He is a Certified Public Accountant, Internal Auditor, Information System Auditor, and Fraud Examiner. He has established five internal audit functions, including two internal investigation units, during his 27-year career as an internal audit leader. He also oversaw the development of the implementation plan of a global enterprise risk management program. His work experience spans the private and public sectors, including publicly traded companies and non-governmental organizations. He is a member of Wingate University Board of Trustee and the Chair of the Audit Committee. He is a former chair of Xcel?s Federal Credit Union Supervisory Committee and has served the Institute of Internal Auditors at the global and chapter levels in various roles, including District Representative for the Caribbean and as a member of the Board of Trustees of The Research Foundation.

Preface. Acknowledgements. Abbreviations. 1. TRANSFORMATION TO AN AGILE LEADERSHIP AND OPERATING ENVIRONMENT. 2. ROLE AND RESPONSIBILITIES OF THE CHIEF AUDIT EXECUTIVE. 3. LAYING THE FOUNDATION FOR THE SUCCESS OF THE CHIEF AUDIT EXECUTIVE. 4. BUILDING AND MAINTAINING RELATIONSHIPS WITH STAKEHOLDERS. 5. MANAGING A MULTICULTURAL GLOBAL INTERNAL AUDIT TEAM. 6. MANAGING CHANGE. 7. TRANSFORMATION TO A RISK BASED INTERNAL AUDIT OPERATING ENVIRONMENT. 8. AUTOMATION OF GLOBAL INTERNAL AUDIT (GIA) OPERATIONS. 9. ESTABLISHMENT OF AN ENTERPRISE RISK MANAGEMENT PROGRAM. 10. INTERNAL CONTROLS AS STAKEHOLDERS’ BEST FRIEND. 11. GETTING THE MOST `FROM ASSURANCE FIUNCTIONS. 12. CLEAN SHEET OF PAPER INTERNAL AUDIT APPROACH. 13. ENHANCING THE EFFECTIVENESS AND EFFICIENCY OF INTERNAL AUDIT. 14. ENHANCING INTERNAL AUDIT’S VALUE TO THE ORGANIZATION. 15. SCALING UP ADVISORY REVIEW SERVICES. 16. ESTABLISHING A PROACTIVE FRAUD INVESTIGATION FUNCTION. 17. MINDSET AND SKILLSET OF THE NEXT GENERATION OF LEADEROF INTERNAL AUDIT. Notes. Index.

Audley L. Bell, CPA, CIA, CISA, CFE, DHL

Mr. Bell professional career spans over 40 years, including 31 in internal audit and 4 in public accounting. Additionally, he spent four years teaching accounting at the undergraduate level at the University of the West Indies in Jamaica. During his 27-year tenure leading internal audit functions, he served as the leader of internal audit for seven organizations, including two global organizations for 13 years. He also developed five internal audit functions and two in-house investigations units within the internal audit function. Additionally, he served as a member of the ethics, compliance, and enterprise risk management leadership team at one organization, and oversaw the development of the plan for the implementation of an ERM program at another. His work experience covers several sectors and industries, including publicly traded companies, financial institutions, quasi-governmental entities, colleges and universities, construction, manufacturing, distribution, telecommunications, transportation, non-governmental organizations, micro-finance, and a credit union. The role included working closely with senior management and audit committees and other internal and external stakeholders.

Prior to realizing his passion for internal audit, his first career was on the tennis court. He won several singles tennis tournaments at the junior and adult levels in Jamaica, and represented Jamaica as a junior player and in Davis Cup competitions. He was the runner up for the Men’s Singles, National Junior College Tennis Championships (NJCTC) in 1971. This occurred while attending Wingate Junior College, now Wingate University, on a tennis scholarship. The team coached by Ronnie Smarr won back-to-back National Tennis Championships in 1970 and 1971. Unbeknownst to him, he was the first Black tennis player in the Atlantic Coast Conference. He continued his college tennis journey at Wake Forest University on a full ten