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Internal audit: Unlocking value for media companies

Internal audit: Unlocking value for media companies

This paper outlines the critical role of internal audit in helping media companies manage today’s most important risk areas—and unlock underlying value in the process.

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As digitization disrupts the media industry, we explore the top 10 focus areas for media company internal audit functions as they strategize and make investments, as informed by:

  • KPMG LLP’s (KPMG) discussions with chief audit executives at media companies;
  • Insights from KPMG professionals who work with media companies;
  • Various KPMG-sponsored industry and technical accounting share forums; and
  • KPMG survey data, including, for example, a recent study. “Seeking value through internal audit,” in which KPMG and Forbes surveyed more than 400 chief financial officers and audit committee chairs to identify contributions by internal audit functions as well as opportunities for improvement. 

© 2018 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

 

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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