RGP engaged with audit professionals in Orlando


The policyIQ team joined our RGP colleagues at the Institute of Internal Auditors’ 2017 General Audit Management (GAM) Conference in Orlando, Florida on March 20th-22nd. Once again, this was a great event packed with learning and networking opportunities!

Representatives from RGP included:

The conference was attended by more than a thousand audit professionals and we were only able to speak to about 200 of them. If we didn’t get to have a conversation with you, here’s what might have transpired had we connected:


The conference sessions inspired some great discussions!

We carried on the conversations started by the keynote speakers and others. We talked about the hats that auditors are asked to wear, the importance of the internal audit function and profession, and the value of independence, maintaining integrity and having the courage to do the right thing against, sometimes, great personal risk. With integrity being among the core values at RGP and 20+ years’ experience serving as a professional services firm in this field, we are charged by discussions in this vein and by the opportunity to encourage our clients and peers in the audit profession.

We talked about how the times have changed. Once upon a time, we recognized that not all companies were performing regular risk assessments and we were encouraging them to get started with annual risk assessments. In the last few years, we see that the demands of business, technology, competition, culture and so many more are requiring companies to be more nimble and to both assess and respond to risk on a continuous basis. We participated in discussions around what it takes to be prepared and resilient in these times and how RGP’s Data Solutions practice can help companies to better collect, manage, secure and leverage their data.

Cyber security was a hot topic again this year! We discussed the struggles that some companies experience in identifying and developing the necessary expertise to address the present and growing need to address cyber security. We heard that companies are looking across various functions to address their security concerns. RGP’s maturity in integrated solutions, leveraging expertise across information security, audit, data solutions, process improvement (and more) allows us to be responsive, provide a high quality service and to tailor comprehensive solutions to each client’s needs.


We shared our story…how RGP and policyIQ stand out from the pack.

Another theme in our conversations with other professionals at GAM: how RGP is different. There’s certainly no shortage of consulting firms and technology providers at these things, right? The vendor hall can be a little bit intimidating for the introverts among us. At the RGP booth and throughout the conference, we worked to jump quickly to how we at RGP and our GRC Technology are different from most others.

Our consultants have 10-20 years’ experience. They are true subject matter experts who can lead your initiative or project and work alongside your team with valuable knowledge to share and teach. Rather than the checklist approach, our consultants build tailored solutions and collaborative partnerships. Remember the mention of integrity being a core value? We have a track record of long-term, trusted partnerships, evidenced by a 100% retention rate of our top 50 clients.

RGP also has 70+ offices around the globe—these are our offices, not affiliates. This means our people, our culture, and our standards; therefore, we deliver consistently high quality results worldwide.

And our GRC technology, policyIQ, packs a powerful punch in a nimble and affordable, centrally accessible platform. We serve companies from risk assessment through compliance initiatives, testing, reporting of findings and remediation like many other enterprise GRC tools. We also provide solutions for ASC 606 contract review, lease data capture, contract administration, policy management, automation of evidence request and collection, 302 certifications, legal and data room, support for integration with mergers and acquisitions, account reconciliation management and many more ALL IN ONE TOOL. It’s a matter of security configuration (part of the information governance planning that we guide you through as a matter of course at no additional charge). People find it amazing that they can do so much in one easy to use tool.

What’s more, a solution or initiative can be implemented in policyIQ in 4-6 weeks—not months or years, like most other products. And policyIQ is so easy to setup and use that NO IT RESOURCES ARE REQUIRED. We like to include and engage IT in the early conversations because a company can better leverage policyIQ for various departments and initiatives when the IT department includes it among their suite of solutions for their stakeholders. (Pssst—it saves time and money for IT departments, too!)


Next year, we’re going to have the biggest booth and the loudest parties!

Just kidding. You know, I often start off feeling a little bit small at these huge conferences. We don’t have the biggest booth or the most extravagant events to woo attendees to come and visit with us. (Although we heard from a bunch of folks that we did have the best swag this year with our super cool phone charger pens.)

Still, every year, I leave energized!

We deliver excellence! We have amazing clients and valuable partnerships and we build on them every year. I don’t have to feel pressure to be bigger and flashier to land sales. The truth of who we are and what we have to offer at RGP holds tremendous value, builds solid relationships and is a great story to share.

If we didn’t get to shake hands at GAM or elsewhere, yet, and you’d like to hear the good news first-hand, please reach out to any of us. We’d love to buy you a cup of coffee and learn about your business issues that we’ll help to remedy.

 

 

policyIQ a big hit at the GAM Conference!

GAM BannerAs the IIA has been known to do, their General Audit Management (GAM) Conference was packed with many high caliber speakers again this year! Presenters provided a wide array of insights falling within five tracks:

  • Talent & Resource Strategies
  • Regulatory & Compliance Issues
  • Risk Management
  • Innovation & Technology
  • Stakeholder Relationships & Expectations

Click here to check out the 2015 GAM Twitter highlights!

This year’s conference drew a record crowd and it seemed that the number of visitors to the RGP booth reflected that—we kept very busy talking about the things that differentiate us from other firms, such as

  • 3,000+ professionals in 70+ wholly owned offices (not affiliates) worldwide
  • Consultants have 10-20 years’ experience
  • 87 of the Fortune 100 served
  • 100% retention of top 50 clients
  • Served more than half the Fortune 1000

RGP_PartnersWe had more inquiries about policyIQ this year than at any previous conference. This was in keeping with a theme at the conference regarding leveraging technology to help audit to be more effective and more efficient. Our GAM audience seemed pleasantly surprised and asked the most follow-up questions when they realized that policyIQ can serve several Governance, Risk and Compliance needs within one tool—we do not require, cajole or have to finagle unsuspecting clients into purchasing additional tools or modules to meet their needs. Unlike other audit and GRC tool providers, we are focused on solving their problems and helping them to be more efficient—not on trying to milk them for multiple software applications and upgrades!

pIQ_All-in-oneOther policyIQ qualities that caught the attention of GAM attendees:

  • policyIQ is significantly less expensive than other tools
  • Implementation takes 4-6 weeks (not months or years)
  • Expert configuration support is included
  • Our team is known for “Excellent” service and support

There are some things that you DON’T get with policyIQ that stunned some technology shoppers, too:

  • No extra modules to buy
  • No up-front license fee
  • No upgrade fees
  • No hardware to purchase
  • No IT resources required

This summed up my experience at GAM this year:

GAM_FriendsIf I didn’t have an opportunity to address your questions at GAM and/or you’d like to talk more about how you can employ policyIQ to make your team more efficient, reach out to us at Support@policyIQ.com or 866-753-1231. We’ll have you up and running within the next quarter!

2014 Conference GAM-Packed with Great Speakers, Topics, and Connections!

I attended IIA’s 2014 GAM Conference with my colleagues, Les Sussman (Senior Practice Leader of RGP’s Governance, Risk and Compliance Practice) and Susan Miller (Managing Director, Client Service of RGP’s Parsippany office). We took in a lot of great information over the packed three-day conference and want to share some highlights with you in the form of my “Twitter Notes”! (You can check out the IIA’s Recap here.)

Virginia Gambale, Director of JetBlue Airways and Managing Partner of Azimuth Partners, was the keynote speaker addressing the topic of “The Board’s View of Governance and the Important Role of Internal Audit”.

pIQTweet1

Gambale talked of how the priorities of audit have shifted with the changing tides in technology as well as with climate issues and the threat of terrorism. She highlighted that Boards need to shift, too (if they haven’t already), to include members with social media and marketing capability, technology, human capital, finance/accounting background, and industry experience.

pIQTweet2

 

pIQTweet3

For many organizations, an annual audit plan is not appropriate any longer. A key takeaway from the great panel discussion that included principals from Cisco Systems, LinkedIn and Google was to be dynamic and agile in audit planning. Participating on the panel were Thomas Austin, VP, Governance Risk & Control at Cisco Systems; Inder Gulati, Head of Internal Audit at LinkedIn; and Lisa Lee, Director of Internal Audit at Google. Lee followed up with a great quote and apparent mantra at Google:

pIQTweet4

More takeaways from the panel:

pIQTweet5
We heard from the National Association of Corporate Directors’ Peter Gleason on “Engaging with the Audit Committee”:

pIQImage6

pIQImage7
Joel Kramer, Managing Director of the MIS Training Institute, was an engaging speaker with a number of great points and memorable quotes! He reminded the audience of audit professionals to “go after the whales, not the minnows” and urged us to not simply roll forward last year’s controls—“business is changing too dramatically and continuously”. Plan to perform a new risk assessment [at least] annually. Here are a couple more Kramer notes:

pIQImage8

pIQImage9Of course, we appreciate his emphasis as we (RGP) have 70 wholly-owned offices around the world with experienced subject matter experts from a range of disciplines (Human Capital, Finance/Accounting, Risk & Compliance, Supply Chain, Legal, Information Management and other operational expertise in addition to Audit Expertise) that can support and supplement your audit teams. Check out our site for more information: http://www.rgp.com.

Olivia Kirtley, Deputy President of the Board of the International Federation of Accountants, further emphasized the need for audit to focus on people as one of their top priorities:

pIQImage10

And there was certainly a great deal of talk about the role of technology—in generating new challenges for audit professionals, as well as in aiding auditors to be more effective and efficient as they take on evermore responsibility:

pIQImage11

pIQImage12
I engaged in an interesting conversation at one of our breaks and it was clear that there is still some confusion regarding the COSO 2013 Internal Control – Integrated Framework and whether it is necessary (for companies subject to SOX requirements who are using the COSO framework) to demonstrate the presence of all 17 of the Principles called out in the updated framework. Yes. And it was great to hear directly from COSO Chairman, Robert Hirth. Here are some of the takeaways:

pIQImage13

pIQImage14

pIQImage15pIQImage16pIQImage17pIQImage18
I really enjoyed listening to Jeanette Franzel, one of five members who make up the Public Company Accounting Oversight Board (PCAOB).

pIQImage19

Acknowledging the timing of the PCAOB’s Inspection Report which has led firms to require more evidence and documentation alongside the updated COSO Framework, Franzel commented that we are in the…

pIQImage20She discussed the Board’s willingness to visit with companies who have concerns or questions and cited some interesting examples.

pIQImage21

pIQImage22
I wish that I could have cloned myself to attend more sessions at this year’s GAM Conference and to take more notes (share more tweets)! Overall, the conference provided some assurance that RGP and policyIQ are on the right track; providing appropriate guidance regarding audit planning, risk assessments, auditing, Auditing Standard No. 5, subject matter expertise, application of the updated COSO framework to finance and accounting professionals and beyond SOX, and that we have a great solution in policyIQ to pull all of the documentation and processes together to promote more effective and efficient teams and processes.

I sincerely appreciate the great connections made and information gathered! If we didn’t get a chance to connect at GAM or you would like to chat more, please feel free to reach out to me (or to have me put you in touch with someone in your local office)!

sbuehrle@rgp.com, and follow us on Twitter: @policyIQ, @ResourcesGlobal

 

 

Meeting the Needs of Internal Audit in the Public Sector

I started off my career as a consultant for a major consulting firm, working in their Public Sector practice.  At the time, I was fresh out of college – so the unique challenges of working in the public sector weren’t something that I noticed.  It was all that I had experienced in my career to that point.

Looking back on it, I have a much better appreciation for those challenges.

Internal Audit in the Public Sector

It stands to reason, based on that experience, that the Internal Audit function in the public sector has needs that are unique from that of the private sector.  With that in mind, the Institute of Internal Auditors (IIA) has created a special committee to create guidance and address issues faced by public sector internal auditors.  They have published a number of resources on the IIA website specifically for auditors in the public sector.

policyIQ Offers Unique Advantages to Public Sector Clients

Among our policyIQ clients are a number of public sector organizations – federal, state and local – who have found that policyIQ offers some unique advantages in their audit organizations.

1.) Cost Effective and Scalable

Budgets are tight everywhere, but public sector organizations are often tasked with doing more with less every year.  Because policyIQ offers a cost effective, subscription model, it fits into the budget year after year.

And because policyIQ can be expanded to be used for many different types of content and data management needs, it allows an organization to get more for their money.

2.) Easy to Implement, with No IT Resources Needed

If you think it is difficult to get time scheduled with your IT department, try scheduling time with an overtaxed IT group for a government agency.  policyIQ allows an audit team to move ahead, without being held up by bottlenecks in their IT resources.

3.) Flexible

While it might seem to most of us like nothing ever changes in our governmental agencies, the truth is that the ground shifts quite a bit when it comes to how the public sector is required to operate.  As elections come and go, so do top level managers with their own ideas about how to do things in the best way.  policyIQ’s flexible configuration allows the organization to update their process, the way that they capture data, and the scope of their audit work, with little to no time and money investment in those changes.

4.) User Friendly

Let’s face it – no one has time to sit down in hours of training.  policyIQ keeps things simple, so that users can easily learn how the use the application “on the job”, with training, online help, and live support available when they need it.

 

We’d love to hear from some of our public sector clients.  What makes policyIQ an effective tool for your team?