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 Paul Sciubba, Vice President, Legal Affairs at paul.sciubba@rila.org.