Slide 1: Introduction

 Title: Adopting COSO-Based Internal Audit Strategy for [Automobile Company Name]

 Introduction to the presenter as a seasoned consultant with over 10 years of experience in

COSO and internal audit.

 Outline the objective of the presentation - to propose the adoption of the COSO (Committee
of Sponsoring Organizations of the Treadway Commission) framework for a comprehensive
and effective internal audit approach.

Slide 2: Current Internal Audit Assessment

 Provide an in-depth analysis of the current internal audit approach utilized by the
[Automobile Company Name].

 Discuss the strengths and limitations of relying on traditional methods, experience, and
common sense.

 Highlight specific audit areas where the incorporation of a structured framework like COSO
can yield substantial benefits.

Slide 3: Need for Transformation

 Delve into the unique challenges faced by the automobile industry in India, such as evolving
regulatory landscape, technological disruptions, and supply chain complexities.

 Emphasize the critical role of internal audit in mitigating risks, improving operational
efficiency, and safeguarding the organization's reputation.

Slide 4: Introduction to the COSO Framework

 Provide a comprehensive overview of the COSO framework, its history, and its global
acceptance as a leading internal control framework.

 Explore the five interrelated components of COSO: Control Environment, Risk Assessment,
Control Activities, Information & Communication, and Monitoring Activities.

Slide 5: Benefits of Adopting COSO-Based Internal Audit

 Present an extensive list of benefits derived from implementing a COSO-based internal audit
strategy:

 Improved risk identification and management.

 Enhanced control effectiveness and efficiency.

 Strengthened corporate governance and decision-making processes.

 Increased transparency, accountability, and trust among stakeholders.

Slide 6: COSO Implementation Roadmap

 Provide a detailed step-by-step roadmap for the transition to a COSO-based internal audit
strategy:

1. Gaining executive buy-in and support from the audit committee.