AddxSight LLC is pleased to announce the publication of a new book co-authored by Taizo Ikeda, President and CEO, by KINZAI Institute for Financial Affairs, a 75-year established Japanese financial education institution.

■ Expanding the Role of Internal Audit: Beyond Organizational Boundaries to “Public Interest”

This book provides practical guidance for implementing the concept of “public interest” newly introduced in The Institute of Internal Auditors’ (IIA) Global Internal Audit Standards (GIAS).

In the final chapter authored by our CEO, the limitations of the traditional four internal audit approaches (Compliance, Internal Control Evaluation, Risk-based, and Strategic Alignment) are examined, and a fifth approach—the “Social Impact Approach”—is proposed. This chapter presents specific evaluation methodologies that enable internal audit function to contribute to the soundness of the broader social system by assessing organizational purpose and social impact, while addressing emerging risks in the AI and ESG era.

This approach not only demonstrates the evolution that board members, particularly independent directors, should expect from internal audit, but also provides actionable insights directly linked to enhancing governance effectiveness. Additionally, this book offers those aspiring to become internal auditors an opportunity to understand the social significance and future potential of this profession.

▼ More Information

Amazon:
https://www.amazon.co.jp/dp/4322145701
As internal audit moves beyond organizational boundaries to create social value, this is an essential resource for all practitioners.