Joe Ioculano

Qualifications and Senior Management Programs

Institute of Chartered Accountants Australia and New Zealand: Chartered Accountant

Harvard Business School:
- Audit committees in a new era of governance
- Making corporate boards more effective

Institute of Internal Auditors (IIA): Accredited Internal Audit Quality Assessor

Internal audit including Chief Audit Executive, Coca-Cola HBC, AS Watson and Mubadala

Enterprise risk management and compliance including Chief Risk Officer Mazrui International

Strategy including Head of Strategic Initiatives, Coca-Cola HBC and General Manager Performance Management Strategic Initiatives, Fosters

Audit committee memberships, including current Chair of the Oversight Advisory Committee for the Council of Europe

Joe and Wolfgang have supported audit committees to meet their IIA responsibilities through the combined performance of over 50 external assessments of conformity with the IIA's standards. They have performed assessments in the private and public sectors for international agencies and multinational companies across major industries including banking and insurance, energy, telecommunications, consumer goods, airlines, manpower, retail and software development.

Beyond the minimum requirements of the one-size-fits-all standards, the two partners have supported audit committees by conducting numerous tailor-made reviews of the impact internal audit has on helping organizations achieve their goals.

Audit impact can be enhanced through actionable reporting, both in terms of audit reports and through reporting to the audit committee. Having been auditors, Chief Audit Executives (CAEs) and audit committee members, Joe and Wolfgang have in-depth expertise in clear and concise audit reporting.

An area of particular interest and importance to audit committees is the optimisation of audit resources. What size should the function be and what is the appropriate mix of skills? Joe and Wolfgang have practitioner experience in working with audit committees and executive management teams to determine the optimal investment relative to the organisation’s activities and strategic goals.

Furthermore, Joe and Wolfgang have established or rebuilt various audit teams, and can therefore support audit committees with recruitment and interim CAE services.

To maximise impact, internal audit priorities can be shaped by the strategies and risks of the organisation. Also, as an independent activity, reporting functionally to the audit committee, internal audit relies on the effectiveness of the audit committee to maximise its impact.

Having held senior responsibilities in strategy and risk management, Joe has a big-picture view of internal audit, as has Wolfgang through his numerous PwC related assignments. Furthermore, the partners have served on several audit committees in industries including financial services, healthcare, energy and renewables.