Internal Audit Committee

Internal Audit Committee


Overview

Retail Internal Audit Departments play a critical role in protecting brand reputation and maximizing efficiency of corporate governance and retail operations by ensuring effective internal controls, compliance with laws and regulations as well as providing risk assessment, analysis and reporting to members’ board of directors and executive management. 

RILA's Internal Audit Committee is composed of companies' executive and managerial level staff with primary responsibility for oversight and oversight of their company’s internal audit programs. Headed by a leadership team made up of RILA members, the Internal Audit Committee provides an opportunity for members to engage at an executive level on strategic issues related to the development, implementation, management, and oversight of robust and effective retail internal audit programs. 

RILA Internal Audit Committee activities include in-person meetings, educational webinars, member case studies, and benchmarking surveys. These activities enable members to identify emerging issues and risks and share information and leading practices. Recent topics include: 

  • Incorporating New Technology into Internal Audit Processes and Protocols 
  • Effective Board of Directors, Audit Committee and Executive Management, Reporting 
  • Enterprise Risk Management 
  • Partnering with External Auditors and Other Consultants and Service Providers 
  • Financial Reporting and Sarbanes-Oxley Compliance 
  • Fraud, IT, Privacy, Supply Chain and Operational Audits 
  • Investigation Strategies 
  • Teaming with Internal Business Partners to Optimize Value of Internal Audit Function 
  • Recruiting and Retaining Qualified IA Talent

For more information on RILA's Internal Audit Committee, contact Kathleen McGuigan, Executive Vice President, Legal & Regulatory Affairs at kathleen.mcguigan@rila.org

Committee Materials

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Board Oversight Over ESG Issues and Disclosures
Board Oversight Over ESG Issues and Disclosures

Webinar presentation by Sarah Fortt, Vinson & Elkins LLP on Board Oversight Over ESG Issues and Disclosures

October 7, 2021
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Case for Using Cost Recovery Audits to Increase Capital
Case for Using Cost Recovery Audits to Increase Capital

Internal Audit Committee's Webinar on Cost Recovery Audits how retail Internal Audit Departments can stay relevant and support business partners

July 15, 2020
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Current ESG and Climate Disclosure Landscape
Current ESG and Climate Disclosure Landscape

Webinar presentation by Austen Jensen, RILA and Catherine Clarkin, Sullivan and Cromwell on the Current ESG and Climate Disclosure Landscape

September 8, 2021
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Discussion and Benchmarking Call on impacts of COVID-19

Presentation slides from the joint RILA, Deloitte, and Walmart call discussing impacts of COVID-19. (Members-only. Please log-in to access).

May 1, 2020
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Internal Audit Committee Presentation Recording Part 1

Recordings of the Presentations during the RILA Fall 2020 Virtual Internal Audit Committee Meetings

September 29, 2020
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Internal Audit Committee Presentation Recordings Part 2

Recordings of the Presentations during the RILA Fall 2020 Virtual Internal Audit Committee Meetings

October 6, 2020
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Cloud Conversations
Cloud Conversations

Presentation by Tim Rehac, Principal, Technology Consulting, EY, on the Cloud.

August 25, 2021
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RILA Retail ESG Initiative & The Future of ESG
RILA Retail ESG Initiative & The Future of ESG

Presentation by Erin Hiatt & Evan Williams on RILA ESG Initiatives and the Future of ESG.

August 26, 2021
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Third Party Risk Management Webinar
Third Party Risk Management Webinar

Daniel Click, Greg Matthews & Mitushi Pitti from KPMG shared findings from KPMG's Global Third Party Risk Management Outlook 2020 Report Survey

February 10, 2021
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Validating ESG Disclosure Data
Validating ESG Disclosure Data

Presentation by Hugh Cherne, Associate Director, Best Buy & Ty Colman, Chief Operating Officer, Optera, on Validating ESG Disclosure Data.

September 30, 2021

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