In an interview, Stephen Bolton, head of global audit and risk, Diageo, talked about his company and audit. The recession and changes to the regulatory framework are the biggest challenges for the company. Of these two, it's the regulatory framework that he knows will become increasingly important. The industry is fairly resilient, but the recession has changed the assessment of the most important risks and made the company review its strategy. They train their staff to understand Diageo's core values and then follow this up with audits to ensure that it's having the right effect. Audit is a great place for people to start out in finance because it gives you licence to hunt and fish across the business. You get to see different markets, functions and aspects of the supply chain. It allows you to observe how products are sold and strategy is executed.
ONE 2 ONE Anonymous Financial Management; Jun 2010; Docstoc pg. 8 Reproduced with permission of the copyright owner. F
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