Daikin Australia Internal Audit Team Case Study

This case study details the internal audit team's experience at Daikin Australia, a leading air conditioning manufacturer. The audit team, led by Vincent Verlinde, has maintained a small size while managing an expanding scope of work across multiple subsidiaries. The team utilizes the Diligent platform to enhance audit efficiency, achieving a 50% reduction in resource spend on repetitive audits and significantly less travel time for sample selections. The case study outlines how the team assesses compliance with various local and international regulations, including the National Greenhouse and Energy Reporting scheme and Japan's Financial Instruments and Exchange Act. Additionally, the audit team conducts special audits to address unforeseen risks. The Diligent platform has enabled the team to provide strategic insights and improve reporting to the board and audit committee, ultimately enhancing their credibility and accuracy in the audit process.