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Presented by Agung Santoso
Being a Trusted
Advisor
Company Expertise
Advise/insight
Foresight
Risk Centric Focus
Over regulation
Cybersecurity
Operation
Technology
Assurance
Company Expertise
Relationship Acumen
Communication
Coordination with other risk/Control
Function
Independence
Proficiency
Assurance
Focus on Compliance
Insight on Future
Management
Audit Committees
Regulator
INTERNAL AUDIT STAKE HOLDER EXPECTATION
 Identify Our Gap
 Deploy Effective Strategy for Success
 Be Relevant ,Timely, Risk Centric
 Be Trusted
To Meet Expectation
4
The Essence of Trust
TRUST
Must work
both ways
We must be
Reliable,
truthful, able
and strong
The Best share
attributes, that a
win and sustain
trust
The Very best
are trusted,
whether
providing advice
or assurance
Critical Thinkers
Use “reasoning and logic, not emotion, to evaluate information
and consider alternatives.”
• Interconnected with intellectual curiosity.
• Make sense of information generated by curiosity.
• Being skeptical is integral to critical thinking.
• – Healthy
• – Credible
• Obstacles to critical thinking: bias, speed, ambivalence.
Technical Expertise
• Become a Renaissance auditor.
• • “Know your beans.”
• • 3 keys:
• – Know your business.
• – Know your industry.
• – Know technology.
• • You are never too important to learn
PROFESIONAL ATTRIBUTES
Dynamic
Communication
 95% rate communication skills as
essential.
• 45% say more training is needed.
• “Soft side” vs. “technical side” is
most critical.
• 5 words or phrases to avoid: –
“Failed” – “We found” –
“Inadequate” – “It appears” –
“Ineffective”
• Right tone is essential.
• “We agree with the
recommendations, but not the
findings.”
Insightful
Relationship
 Sustained trust is rooted in
relationships.
• Not a popularity contest.
• Relationship-building starts within
internal audit.
• Relationship acumen is critical:
• – Positive intent
• – Diplomacy
• – Prescience
• Rotational assignments yield
strong relationships.
Inspirational
Leader
 Inspirational leaders:
• – Articulate a motivational vision.
• – Think in ways that inspire others.
• Converting thoughts to actions:
• – Share the experience/let others
lead.
• – Coach others to greatness.
• – Build teams/promote teamwork.
• – Employ purposeful emotion.
• – Address challenges.
• – Earn and extend trust.
• Sports coaches can be great
leaders.
RELATIONAL ATTRIBUTES
• Ethical commitment among top 3 attributes.
• Ethical behaviors:
• – Integrity
• – Courage
• – Accountability
• Trustworthiness
• Willingness to “throw the flag”
• Shatterproof house
• Pressure to change audit findings
Ethical Resilience
Result Focus
• It’s not enough to know what happened.
• Obsess over why – the root cause!
• Follow the risks.
• A dose of healthy skepticism.
• Leverage intuition.
• CQ (Curiosity Quotient) = “hungry mind
Intellectually Curios
• Credibility comes from open-mindedness, flexibility, and reasonableness.
• Habits that will impede trust:
• – Dwelling on the past.
• – Not getting to the bottom of issues.
• – Not taking a myopic view on recommendations.
• – Not getting input from those you are auditing.
• – Viewing the world in black and white.
• A hiatus can foster an open mind
Open Mindedness
88% of rvey respondents rated this attribute as critical.
• Obsess over:
– What happens after the audit?
– Was there an impact?
– Was there productive/beneficial change?
– Did I drive improvement?
• Master foundational sub-traits – Work ethic – Productivity – Timeliness – Determination
PERSONAL ATTRIBUTES
insight
HINDSIGHT
Foresiht
Open Mindedness
TRAINNING
• Communications
• Intellectual curiosity
• Critical thinking
• Leadership
• Industry risks
• Technology
COACHING
MENTORING
Cultivating Trusted Advisors
Trusted advisors are not born – they are nurtured:
Terima Kasih
Kepada rekan rekan GMF dan rekan rekan Internal Audit khususnya
Atas Kerjasama selama ini. Mohon maaf bila ada kekhilafan dan kesalahan saya selama ini.
Semoga GMF tambah sukses dan menjadi kebanggaan kita Bersama serta Unit Internal Audit menjadi Trusted
Advisor.
Salam Agung Santoso

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Trusted Advisor.pdf

  • 1. Presented by Agung Santoso Being a Trusted Advisor
  • 2. Company Expertise Advise/insight Foresight Risk Centric Focus Over regulation Cybersecurity Operation Technology Assurance Company Expertise Relationship Acumen Communication Coordination with other risk/Control Function Independence Proficiency Assurance Focus on Compliance Insight on Future Management Audit Committees Regulator INTERNAL AUDIT STAKE HOLDER EXPECTATION
  • 3.  Identify Our Gap  Deploy Effective Strategy for Success  Be Relevant ,Timely, Risk Centric  Be Trusted To Meet Expectation 4
  • 4. The Essence of Trust TRUST Must work both ways We must be Reliable, truthful, able and strong The Best share attributes, that a win and sustain trust The Very best are trusted, whether providing advice or assurance
  • 5.
  • 6. Critical Thinkers Use “reasoning and logic, not emotion, to evaluate information and consider alternatives.” • Interconnected with intellectual curiosity. • Make sense of information generated by curiosity. • Being skeptical is integral to critical thinking. • – Healthy • – Credible • Obstacles to critical thinking: bias, speed, ambivalence. Technical Expertise • Become a Renaissance auditor. • • “Know your beans.” • • 3 keys: • – Know your business. • – Know your industry. • – Know technology. • • You are never too important to learn PROFESIONAL ATTRIBUTES
  • 7. Dynamic Communication  95% rate communication skills as essential. • 45% say more training is needed. • “Soft side” vs. “technical side” is most critical. • 5 words or phrases to avoid: – “Failed” – “We found” – “Inadequate” – “It appears” – “Ineffective” • Right tone is essential. • “We agree with the recommendations, but not the findings.” Insightful Relationship  Sustained trust is rooted in relationships. • Not a popularity contest. • Relationship-building starts within internal audit. • Relationship acumen is critical: • – Positive intent • – Diplomacy • – Prescience • Rotational assignments yield strong relationships. Inspirational Leader  Inspirational leaders: • – Articulate a motivational vision. • – Think in ways that inspire others. • Converting thoughts to actions: • – Share the experience/let others lead. • – Coach others to greatness. • – Build teams/promote teamwork. • – Employ purposeful emotion. • – Address challenges. • – Earn and extend trust. • Sports coaches can be great leaders. RELATIONAL ATTRIBUTES
  • 8. • Ethical commitment among top 3 attributes. • Ethical behaviors: • – Integrity • – Courage • – Accountability • Trustworthiness • Willingness to “throw the flag” • Shatterproof house • Pressure to change audit findings Ethical Resilience Result Focus • It’s not enough to know what happened. • Obsess over why – the root cause! • Follow the risks. • A dose of healthy skepticism. • Leverage intuition. • CQ (Curiosity Quotient) = “hungry mind Intellectually Curios • Credibility comes from open-mindedness, flexibility, and reasonableness. • Habits that will impede trust: • – Dwelling on the past. • – Not getting to the bottom of issues. • – Not taking a myopic view on recommendations. • – Not getting input from those you are auditing. • – Viewing the world in black and white. • A hiatus can foster an open mind Open Mindedness 88% of rvey respondents rated this attribute as critical. • Obsess over: – What happens after the audit? – Was there an impact? – Was there productive/beneficial change? – Did I drive improvement? • Master foundational sub-traits – Work ethic – Productivity – Timeliness – Determination PERSONAL ATTRIBUTES insight HINDSIGHT Foresiht Open Mindedness
  • 9. TRAINNING • Communications • Intellectual curiosity • Critical thinking • Leadership • Industry risks • Technology COACHING MENTORING Cultivating Trusted Advisors Trusted advisors are not born – they are nurtured:
  • 10. Terima Kasih Kepada rekan rekan GMF dan rekan rekan Internal Audit khususnya Atas Kerjasama selama ini. Mohon maaf bila ada kekhilafan dan kesalahan saya selama ini. Semoga GMF tambah sukses dan menjadi kebanggaan kita Bersama serta Unit Internal Audit menjadi Trusted Advisor. Salam Agung Santoso