{"id":876,"date":"2020-01-10T13:21:12","date_gmt":"2020-01-10T13:21:12","guid":{"rendered":"https:\/\/alminawi.com\/?p=876"},"modified":"2025-12-07T18:21:34","modified_gmt":"2025-12-07T18:21:34","slug":"tts-series-d-internal-audit-risk-assessment-planning-episode-08-delphi-technique","status":"publish","type":"post","link":"https:\/\/e.americanpro.org\/?p=876","title":{"rendered":"T&#038;Ts Series D, Internal Audit, Risk Assessment &#038; Planning, Episode 08: Delphi Technique"},"content":{"rendered":"<p data-start=\"93\" data-end=\"800\"><strong data-start=\"93\" data-end=\"129\">1. Introduction to the Technique<\/strong><br data-start=\"129\" data-end=\"132\" \/>The <strong data-start=\"136\" data-end=\"156\">Delphi Technique<\/strong> is a structured communication method used to gather expert opinions and build consensus on complex issues\u2014particularly useful in risk assessment and planning. Internal auditors use it when dealing with uncertain or emerging risks where there may be no clear data or agreement. It relies on rounds of anonymous feedback and controlled facilitation, making it ideal for encouraging honest input without influence from hierarchy or dominant personalities. For <strong data-start=\"614\" data-end=\"623\">Auren<\/strong>, the internal auditor at <strong data-start=\"649\" data-end=\"662\">ACME Corp<\/strong>, the Delphi Technique is a practical way to surface hidden insights from various departments while supporting risk-aware decision-making.<\/p>\n<p data-start=\"802\" data-end=\"885\"><strong data-start=\"802\" data-end=\"851\">2. Template for Applying the Delphi Technique<\/strong><br data-start=\"851\" data-end=\"854\" \/>Here\u2019s a step-by-step template:<\/p>\n<ul data-start=\"886\" data-end=\"1422\">\n<li data-start=\"886\" data-end=\"953\">\n<p data-start=\"888\" data-end=\"953\"><strong data-start=\"888\" data-end=\"899\">Step 1:<\/strong> Identify the topic or problem (e.g., emerging risks).<\/p>\n<\/li>\n<li data-start=\"954\" data-end=\"1015\">\n<p data-start=\"956\" data-end=\"1015\"><strong data-start=\"956\" data-end=\"967\">Step 2:<\/strong> Select a panel of diverse experts\/stakeholders.<\/p>\n<\/li>\n<li data-start=\"1016\" data-end=\"1102\">\n<p data-start=\"1018\" data-end=\"1102\"><strong data-start=\"1018\" data-end=\"1029\">Step 3:<\/strong> Round 1 \u2013 Distribute anonymous questionnaire to gather individual input.<\/p>\n<\/li>\n<li data-start=\"1103\" data-end=\"1184\">\n<p data-start=\"1105\" data-end=\"1184\"><strong data-start=\"1105\" data-end=\"1116\">Step 4:<\/strong> Summarize responses and share results (anonymously) with the panel.<\/p>\n<\/li>\n<li data-start=\"1185\" data-end=\"1268\">\n<p data-start=\"1187\" data-end=\"1268\"><strong data-start=\"1187\" data-end=\"1198\">Step 5:<\/strong> Round 2 \u2013 Allow participants to revise their views based on feedback.<\/p>\n<\/li>\n<li data-start=\"1269\" data-end=\"1341\">\n<p data-start=\"1271\" data-end=\"1341\"><strong data-start=\"1271\" data-end=\"1282\">Step 6:<\/strong> Continue rounds until consensus or stable patterns emerge.<\/p>\n<\/li>\n<li data-start=\"1342\" data-end=\"1422\">\n<p data-start=\"1344\" data-end=\"1422\"><strong data-start=\"1344\" data-end=\"1355\">Step 7:<\/strong> Analyze final responses and apply to risk planning or audit focus.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1424\" data-end=\"1915\"><strong data-start=\"1424\" data-end=\"1481\">3. Practical Example: ACME\u2019s Emerging Risk Assessment<\/strong><br data-start=\"1481\" data-end=\"1484\" \/>At <strong data-start=\"1487\" data-end=\"1500\">ACME Corp<\/strong>, CEO <strong data-start=\"1506\" data-end=\"1515\">Liora<\/strong> is concerned about growing uncertainty in global supply chains and regulatory environments. Internal Auditor <strong data-start=\"1625\" data-end=\"1634\">Auren<\/strong> recommends using the Delphi Technique to assess <strong data-start=\"1683\" data-end=\"1701\">emerging risks<\/strong> that may not yet appear on formal registers. Auren invites ten experts from different areas\u2014legal, operations, cybersecurity, compliance, HR, and R&amp;D\u2014including <strong data-start=\"1862\" data-end=\"1886\">Project Manager Aven<\/strong>, to anonymously participate.<\/p>\n<ul data-start=\"1917\" data-end=\"2527\">\n<li data-start=\"1917\" data-end=\"2118\">\n<p data-start=\"1919\" data-end=\"2118\"><strong data-start=\"1919\" data-end=\"1931\">Round 1:<\/strong> Each expert lists three emerging risks and rates their potential impact and likelihood. Responses range from AI-related legal exposure to climate regulations affecting product packaging.<\/p>\n<\/li>\n<li data-start=\"2119\" data-end=\"2309\">\n<p data-start=\"2121\" data-end=\"2309\"><strong data-start=\"2121\" data-end=\"2133\">Round 2:<\/strong> Auren summarizes findings and redistributes anonymized feedback. Some panelists revise their rankings after seeing others\u2019 input, leading to sharper alignment on key concerns.<\/p>\n<\/li>\n<li data-start=\"2310\" data-end=\"2527\">\n<p data-start=\"2312\" data-end=\"2527\"><strong data-start=\"2312\" data-end=\"2324\">Round 3:<\/strong> The group converges around five high-priority emerging risks: supply chain disruption due to geopolitical tensions, non-compliance with AI legislation, and cyber vulnerabilities in new product features.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2529\" data-end=\"2822\">Based on this consensus, Auren integrates these risks into ACME\u2019s audit risk universe and recommends an <strong data-start=\"2633\" data-end=\"2707\">advisory audit on regulatory readiness and third-party risk management<\/strong>. CEO Liora praises the outcome as it reveals forward-looking risk areas that traditional audits might have missed.<\/p>\n<p data-start=\"2824\" data-end=\"3009\" data-is-last-node=\"\" data-is-only-node=\"\">The Delphi Technique allowed ACME to leverage internal expertise, break silos, and proactively plan for complex future risks\u2014all in a structured, low-cost, and highly collaborative way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Introduction to the TechniqueThe Delphi Technique is a structured communication method used to gather expert opinions and build consensus on complex issues\u2014particularly useful in risk assessment and planning. Internal auditors use it when dealing with uncertain or emerging risks where there may be no clear data or agreement. It relies on rounds of anonymous [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tt-internal-audit"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/e.americanpro.org\/wp-content\/uploads\/2025\/06\/8.jpeg","_links":{"self":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts\/876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=876"}],"version-history":[{"count":1,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts\/876\/revisions"}],"predecessor-version":[{"id":1311,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts\/876\/revisions\/1311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/media\/801"}],"wp:attachment":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}