TY - JOUR
T1 - The Future of Internal Auditing
T2 - Gardener of Governance
AU - Lenz, Rainer
AU - Klarskov Jeppesen, Kim
N1 - Published online: 9. February 2022.
PY - 2022
Y1 - 2022
N2 - Internal Auditing is a profession at crossroads. On the micro level, in organizations and institutions, stakeholders may see less and less value in the contributions from internal auditing and on a macro level, this projection jeopardizes the legitimacy and relevance of internal auditing as a profession. The good and bad news is that the future is uncertain. This article suggests five main fields of action and focus for the IIA Global – The Institute of Internal Auditors, its local chapters, internal auditors and academia that will determine the future role of internal auditing, its legitimacy, its relevance and its organizational and societal significance. The purpose of this article is to provide comprehensive content suggesting five concrete paths for the betterment of internal auditing. The five directions that deserve development are planet, public, profession, prosperity and people. Ultimately, positioning internal auditing as Gardener of Governance is a promising metaphor to strengthen its value proposition, both on a micro and on a macro level. Metaphors are an important way to convey ideas and make ideas stick.
AB - Internal Auditing is a profession at crossroads. On the micro level, in organizations and institutions, stakeholders may see less and less value in the contributions from internal auditing and on a macro level, this projection jeopardizes the legitimacy and relevance of internal auditing as a profession. The good and bad news is that the future is uncertain. This article suggests five main fields of action and focus for the IIA Global – The Institute of Internal Auditors, its local chapters, internal auditors and academia that will determine the future role of internal auditing, its legitimacy, its relevance and its organizational and societal significance. The purpose of this article is to provide comprehensive content suggesting five concrete paths for the betterment of internal auditing. The five directions that deserve development are planet, public, profession, prosperity and people. Ultimately, positioning internal auditing as Gardener of Governance is a promising metaphor to strengthen its value proposition, both on a micro and on a macro level. Metaphors are an important way to convey ideas and make ideas stick.
U2 - 10.1080/07366981.2022.2036314
DO - 10.1080/07366981.2022.2036314
M3 - Journal article
SN - 0736-6981
VL - 66
SP - 1
EP - 21
JO - EDPACS - The EDP Audit, Control, and Security Newsletter
JF - EDPACS - The EDP Audit, Control, and Security Newsletter
IS - 5
ER -