Want to learn more? Insights on governance, risk and compliance is an ongoing series of thought leadership reports focused on IT and other business risks If there’s no reward without risk, can risk be and the many related challenges and opportunities. These timely and topical publications are designed to help you understand the issues a good thing? and provide you with valuable insights about our perspective. Please visit our Insights on governance, risk and compliance series at Risk is a much more risky proposition than it used to be. New www.ey.com/GRCinsights. risks emerge every day as markets get disrupted, political instability interrupts supply chains and new technology Insights on governance, risk and compliance pushes boundaries across the risk landscape. Yet, while many October 2014 Harnessing the power organizations see risk as a negative, good risk management of data can actually help companies go faster. How Internal Audit can embed data analytics and drive more value For EY Advisory, a better working world means solving big, complex industry issues and capitalizing on opportunities to deliver outcomes that help grow, optimize and protect our clients’ businesses. We’ve shaped a global ecosystem of consultants, industry professionals and alliance partners with one focus in mind — you. Health reimagined: making sense of a Metrics matter: how Internal Audit can Harnessing the power of data: how We help you make incremental strategic decisions around world in motion help organizations assess performance Internal Audit can embed data analytics risk management to help your business strategy stay on ey.com/megatrends2015 measurement and drive more value course. We help you look at risk from all angles and across ey.com/IAmetrics ey.com/IAanalytics every part of the organization, including cybersecurity, supply chain, internal audit and risk assurance. Insights on EY | Assurance | Tax | Transactions | Advisory governance, risk Insights on Insights on and compliance About EY About EY’s Advisory Services governance, risk governance, risk October 2014 EY is a global leader in assurance, tax, and compliance and compliance Our global connectivity and understanding of your issue transaction and advisory services. The insights Improving business performance while managing risk is an increasingly complex business and quality services we deliver help build challenge. Whether your focus is on broad business transformation or more specifically on August 2014 June 2014 trust and confidence in the capital markets achieving growth, optimizing or protecting your business, having the right advisors on your and in economies the world over. We develop side can make all the difference. outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, Our 30,000 advisory professionals form one of the broadest global advisory networks of we play a critical role in building a better working any professional organization, delivering seasoned multidisciplinary teams that work with world for our people, for our clients and for our inspire us to ask better questions. We then co-create more communities. our clients to deliver a powerful and exceptional client service. We use proven, integrated Step up to the challenge Get ahead of cybercrime methodologies to help you solve your most challenging business problems, deliver a strong EY refers to the global organization, and may performance in complex market conditions and build sustainable stakeholder confidence for EY’s Global Information refer to one or more, of the member firms of the longer term. We understand that you need services that are adapted to your industry Ernst & Young Global Limited, each of which is issues, so we bring our broad sector experience and deep subject matter knowledge to Helping Internal Audit keep pace a separate legal entity. Ernst & Young Global bear in a proactive and objective way. Above all, we are committed to measuring the gains Security Survey 2014 Limited, a UK company limited by guarantee, and identifying where your strategy and change initiatives are delivering the value your Improve your business does not provide services to clients. For more with a volatile risk landscape innovative answers that enable you to develop a top-down, information about our organization, please visit business needs. ey.com. performance To find out more about our Risk Advisory services could help your organization, speak to © 2014 EYGM Limited. your local EY professional or a member of our global team, or view: ey.com/advisory All Rights Reserved. The leaders of our Risk practice are: Transform your governance, risk and EYG no. AU2558 ED none Global Risk Leader compliance program risk-based approach to transforming your risk management In line with EY’s commitment to minimize its impact on the environment, this document has been printed on Paul van Kessel +31 88 40 71271 [email protected] paper with a high recycled content. Global Risk Transformation Leader This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, Matthew Polak +1 412 644 0407 [email protected] tax, or other professional advice. Please refer to your advisors for specific advice. Area Risk Leaders environment. Together, we help you deliver better outcomes ey.com/GRCinsights Americas Amy Brachio +1 612 371 8537 [email protected] EMEIA Jonathan Blackmore +971 4 312 9921 [email protected] Asia-Pacific and long-lasting results, from strategy to execution. Iain Burnet +61 8 9429 2486 [email protected] Japan Yoshihiro Azuma +81 3 3503 1100 [email protected] We believe that when organizations manage risk better, the world works better. So, if there’s no reward without risk, can risk be a good Get ahead of cybercrime: EY’s Global Improve your business performance: Step up to the challenge: helping Internal thing? Ask EY. Information Security Survey 2014 transform your governance, risk and Audit keep pace with a volatile risk landscape The better the question. The better the answer. ey.com/GISS compliance program ey.com/IArisks The better the world works. ey.com/transformGRC Beyond borders: unlocking value Firepower fireworks: focus, scale and Maximizing value from your lines of defense: ey.com/beyondborders growth drive explosive M&A a pragmatic approach to establishing and ey.com/firepowerMA optimizing your LOD model ey.com/LOD 12 | How Internal Audit can help life sciences companies change with the times