WHY THIS MATTERS IN BRIEF

In this keynote session speaker and futurist Matthew Griffin discusses how emerging technologies and trends will change how internal auditors identify and evaluate risk for their clients.

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Firstly, thank you to Syliva at The Institute of Internal Auditors (IIA), the world’s biggest internal auditing and risk certification and training organisation with over 220,000 members, for asking me to present on the future of auditing and technology and non-technology risk.

During the one hour long virtual keynote I shared my own personal experiences and stories from working with the boards of many of the world’s largest organisations and surfaced some of the most common “top level” corporate risks I see. These included competition risks, culture risks, as well as the literal virtual risks we now see emerge, and many of which noone has answers for, in the form of the Metaverse and Web 3.0.

Rewind and Replay

With CEO’s only directly influencing just 45% of the things that happen to their company today, with the other 55% being affected by things outside of their control, I then discussed the importance for organisations to be “Reed-like” – both resilient and flexible. While this might seem like an oxymoron in our VUCA world it’s becoming more important than ever that auditors and leaders, together, can balance the competing agendas.

Then, having laid the ground work for the remainder of the session I then spotlighted and discussed the myriad of additional challenges and risks that companies face across the economic, environmental, political, social, and technology (STEEP) spectrum, doubling down on tech led risk much of which, like it or not, is increasingly looking like something out of a sci-fi movie rather than a regular business environment.