INNOVATION IN ASSURANCE: DOING MORE, AND MORE EFFECTIVELY, WITH LESS Case Solution
Back in early 2013, Jimmy Ng, the brand-new head of Group Audit at DBS got an immediate call from Kelvin Lam, Nation Head of Taiwan Audit, asking for increasing Taiwan's audit headcount by 10 for compulsory audits needed by the Financial Supervisory Commission in Taiwan. On the other hand, as DBS Taiwan had actually grown to 43 branches, the volume of compulsory audits kept increasing for the bank - all of its branches, company and assistance systems were subject to 2 necessary audits per year. In view of the troublesome audit work and the severe repercussion of compliance failure, Ng comprehended that offering more headcount would be of no aid in the long run.
This is just an excerpt. This case is about Business
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