Helge S. Osttveiten

Director, Office of Audit and Investigations

United Nations Development Programme

Mr. Helge S. Osttveiten holds a master degree in Public Administration and has close to 26 years of experience in auditing and evaluation both nationally and internationally. Before joining UNDP, Mr. Osttveiten served as Director General at the Office of the Auditor General (OAG) of Norway. He also spent a year as a Visiting Scholar at the Goldman School of Public Policy, University of California, Berkeley (2009). Prior to his tenure at OAG Norway, he held various positions in consulting firms, at The Norwegian Ministry of Foreign Affairs and in journalism.


Thursday, 20th - 09:50 to 10:40 a.m.

Concurrent session 5.4 - Is Performance Auditing the Future of Internal Audit?

What will internal auditing look like in 2030? This intriguing but very difficult question will be the point of departure for a presentation at the ECIIA Conference in Luxembourg in September. It will be argued that performance auditing, with its emphasis on efficiency, economy and effectiveness most likely will have a prominent role in the 2030 version of internal auditing. Performance auditing will increasingly become more important within the internal audit profession, partly due to technology changes and expectations from senior management and external stakeholders in both national and international government organizations as well as in the private sector. 
But performance auditing will also produce the most biggest nuts and bolts in the 2030 internal audit tool box because we in internal auditing have decided to do so. Performance auditing will be our key instrument to manage the challenges of providing useful and high quality assurance and advisory services in an increasingly complex organizational environment. Introducing performance auditing in the internal audit toolkit will built a more mature, resilient, useful and better equipped internal audit function. Introducing performance auditing will provide better support for senior management and executive boards and advisory functions such as the audit advisory committees. 
However, there are risks that need to be carefully managed in order to implement performance auditing successfully in internal auditing. Director of Internal Audit and Investigation in the United Nation Development Programme, UNDP, Helge Osttveiten, will based on lessons learned from their introduction of performance auditing, share with the audience a menu of such risks and also share how the risks may be managed into a successful implementation of performance auditing. 




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