Syliva at The Institute of Internal Auditors (IIA), the world's biggest internal auditing and risk certification and training organisation with over 220,000 members, invited Matthew to present on the future of auditing and of technology and non-technology risk.
In the hour-long virtual keynote he drew on his own experience of working with the boards of many of the world's largest organisations to surface the most common top level corporate risks he sees. These included competition risks, culture risks, and the literal virtual risks emerging in the Metaverse and Web 3.0, many of which no one yet has answers for.
"With CEOs only directly influencing 45% of the things that happen to their company today, it is more important than ever for organisations to be Reed-like, both resilient and flexible."Matthew Griffin, Virtual, November 2022
With CEOs directly influencing only 45% of what happens to their company, and the other 55% shaped by things outside their control, he argued that organisations need to be 'Reed-like': both resilient and flexible. It may sound like an oxymoron in a VUCA world, but it is becoming more important than ever that auditors and leaders balance those competing agendas together.
Having laid that groundwork, he spotlighted the many further challenges and risks companies face across the social, technological, economic, environmental and political (STEEP) spectrum. He doubled down on technology-led risk, much of which increasingly looks like something out of a sci-fi movie rather than a regular business environment.
