Purpose: Recognizing and celebrating groundbreaking innovations in the profession that enhance effectiveness, efficiency, and value, celebrating internal audit functions for their unique contributions to advancing best practices.
Nomination Eligibility and Mandatory Criteria:
- Originality and Creativity: Evidence of original ideas or approaches that have led to substantial improvements in audit processes, methodologies, or outcomes.
- Impact on Audit Effectiveness: Demonstrated results that show how the innovation has improved the quality, efficiency, or effectiveness of the internal audit function.
- Scalability and Sustainability: The potential for the innovation to be scaled or sustained over time, contributing to ongoing improvements in audit practices.
- Collaboration and Knowledge Sharing: Engagement with other teams or stakeholders to develop, implement, or share the innovation, fostering a culture of collaboration within the organization or the broader audit community.
- Alignment With Industry Best Practices: How the innovation aligns with or advances industry standards and best practices in internal auditing, contributing to the overall growth and reputation of the profession.