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MANAGEMENT OF IA - Coggle Diagram
MANAGEMENT OF IA
Outsourcing
What?
independent parties to do internal fucntions
less capital
already have established competency
Why?
Scarce resources
Need timely and professional services
Cost advantage
How?
Alignement of understanding
clearly defined expecttions and communcation
Established lines of authority
Types
Full Outsourcing
Partial Outsourcing
Co-SOurcing
Sub contracting
Benefits
Focus on core items
Cost savings
business efficiency
indeependence
increase credibility
Problems
Increase costs in long term
Lesser add value in long range
conflict of interest
different culture
lack knowledge
Staffing
Requirements
Competent and skilled
Adequate number
Test on Knowledge
COmmuncation test
Interview
orientation
Elements
Staffing straetgies
understnad the needs
Add value
addressing risks
use of audit tools
Impacts
Training/Promotion
Continuous improvement
KPI and evaluation rpocess
Conflict
From
IA and EA
IA and Employees
Impact
work efficiency
repuation problem
Why?
Lack communication
lack of understanding of roles
problem in understanding each other
IA Charter
Standards
IA SKills & Knowledge
Proficiency
Adequate Knowledge
Focus on risk areas
mantain good relationship
evaluate IA Process constantly
Attributes
Demonstrate Integrity
Have competence and due professional care
independent and free from influence
Have quality and continuous improvement
risk based assuarnce
insightful proactive
Why?
IA Function Effectively & Efficiently
Stakeholders
Internal
BOD
Management
Opreration and support management
External
Regularotry bodies
Thid party vendors
External auditors
Serves as Added Value
Managing IA Conflicts
Types of Conflict
Inherent
Avaoidable
Grow trust
educate better
Dealing with conflcits
Be positive
Tolerate and stand in the middle
Be Proffesional not emotional
Support form higher management