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Glen Gauci

Audit Manager – UK Operations Lead

Bank of Ireland UK

Glen joined the Bank of Ireland Retail UK audit team 4 years ago and currently works as an Audit Manager.

He has been driving agile within the audit function for the last 2 years, and acts as scrum master.

Glen recently took the lead role in providing GIA’s oversight of operations within BoI UK. 

Since joining Bank of Ireland, Glen has managed the delivery of audits within the UK audit plan, and coordinated audits which were executed together with the wider GIA function. He was also involved in the rollout of the TeamMate audit software within GIA.

Prior to Bank of Ireland, Glen worked for PwC as an external auditor within the Banking and Capital Markets team for 5 years, working in the New York, Sydney, and Malta offices.

Glen is a Certified Public Accountant, and has a Practicing Certificate in Auditing with the Malta Institute of Accountants (since 2012).

Glen has a passion for travelling; bonus points go to warm countries. He enjoys watching sports events, especially football (AC Milan supporter), and going out for long runs.

Session

Thursday, 19th - 14:20 to 15:10 p.m.

Concurrent session 2.2 - Agile in Audit

Internal Audit teams are continually challenged to provide more value to stakeholders while enhancing organizational influence and impact. Stakeholders are demanding more efficient assurance, better advice on processes and controls, and greater anticipation of risks. In reports, they want deeper insights and stronger points of view.
While specific challenges vary across industries and organizations, most often it is understood that internal auditors need to:
 
- Deliver deeper insights into strategic business issues and risks
- Respond rapidly to changing priorities and emerging issues
- Become forward-looking in anticipating risks
- Move to more risk-based audit planning and fieldwork
- Streamline workpapers
- Deliver impactful, relevant, timely, readable, and visual reports
- Access the applicable skillsets for the project at hand
- Deepen specialized skillsets, particularly in cyber and analytics
 
Current efforts to address these challenges are not working—or not working quickly enough. 
 
By aligning mindset and process, Agile Internal Audit frameworks direct time and effort toward the issues, challenges, and risks that most affect the organization’s ability to implement strategy and achieve goals. At the same time, it aims to conduct routine assurance activities without unnecessary resources, effort, or reports. 
 
Successful adoption of an Agile Internal Audit methodology depends on mutually understood goals, transparency about the work, and efficient resourcing. This is not, as some mistakenly believe, about cost cutting.

with Peter O'Neill, Internal Audit Portfolio Lead , Bank of Ireland UK Functions