embracing internal auditor agility in vuca era

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IRVANDI FERIZAL EMBRACING INTERNAL AUDITOR AGILITY IN VUCA ERA

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Page 1: EMBRACING INTERNAL AUDITOR AGILITY IN VUCA ERA

I RVA N D I F E R I Z A L

EMBRACING

INTERNAL AUDITOR AGILITY

IN VUCA ERA

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HR AGILITY : IS A MUST

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Accept the reality

-65% STUDENTS

-2020 : ONE THIRD CORE COMPETENCIES

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Co-founder Singularity University -Peter Diamandis "6D of

Exponential Growth",

1. Digitalization , transformation : analog digital

2. Deception

3. Disruption

4. Dematerialization : "Cloud“ , New Model of Business without

inventory

5. Demonetization : Free economy era

6. Democratization

Disruptive era Abundance Era

Digitalization # Digital Business Transformation

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We can wait for the storm to pass

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or JUMP and RIDE the wave !

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Trend Organizati

on

Response

Should be

VOLATILITYPace of change

Respond to VISIONARY

UNCERTAINTYCan not predict

the future

Manage ULTIMATE

COMPLEXITYChess on five

level

Simplify CREATIVE

AMBIGUITYUnclear where

future threats

will come from

Resolve ADAPTABILITY

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WHAT WE NEED : INTERNAL AUDIT AGILITY

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The capability of the Internal audit function to respond more quickly and

effectively to changing stakeholder expectations, workplace disruptions

and business requirements

1. Capability to quickly and easily identify issues that need to

be addressed

2. Decreasing the time is takes to develop then implement

a response

3. Incorporating analytics and design thinking to predict, design

then target programs with the highest probability of being

successful.

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“New Normal” of Internal Auditor

Nimble & Agile

Digitally Oriented

Extract Synergies

Adaptable

Quick & responsive to our stakeholders

Digital mindset to get work done

Collaborate with cross functions & geographies

Flexible to embrace ever-changing environment

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“New Normal” of Internal Auditor

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New Talent Capabilities

Futurised Policies, Processes, and Systems

Enabling Workplace

Execution at the Speed of Thought

Focused on Reading the Customers’

Minds

Aesthetic, Compliance and Risk,

New Competitive Advantage

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Building up our Capabilities: The Future Skills 6 Pillars*

*Developed by the Institute of Banking and Finance (IBF), Singapore

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Improve the agility

• Exercise : open to try new things

• Read new topic/book

• Learn something new

• Collaborate with others

• Beyond the limit

• Balance the life; make it Fun & as a game

and as a game

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NOW WHAT FOR PROFESSIONAL AUDITOR

KNOW YOURSELF

INVEST IN YOURSELF

CULTIVATE NETWORKS

DEVELOP EMOTIONAL RESERVE

BE CURIOUS AND “LEARNING AGILE”

FASTEN YOUR SEATBELT

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