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Adding Strategic Value with Project Assurance PwC Welcome and Introduction 2 PwC Vicki Wagoner Internal Audit Services 3 PwC Anthony Canning IT and Project Assurance 4 PwC Today s Agenda Becoming Relevant Historical Perspectives Taking Action Project Delivery 5 PwC Becoming Relevant: Stakeholders Perspective on Internal Audit 6 PwC Stakeholders Perspectives on the Future of Internal Audit Strategic Alignment of Internal Audit s Plan Focus should be on processes that are critical to shareholder Value Scope should be directly linked to the organization s Strategic themes and critical processes Resources prioritized toward projects with potential for greatest impact The focus of internal audit, controls & compliance organizations should evolve and align with emerging / changing risks: Strategic & Business 60% Financial 15% Operational 20% Compliance 5% 7 PwC Becoming Relevant: Corporate Strategies 8 PwC Growth and Risk are Back in the Spotlight 9 Confidence levels are rising across the board, with 51% of global CEOs very confident of growth prospects over the next 3 years.

PwC Do Significant Organizational Projects Deliver? 13 Projects that go live, but lose up to one quarter of planned benefits Projects which don‟t meet

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