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DTCC’s Internal Audit Team Recognized with Audit Innovator Award

By DTCC Connection Staff | 1 minute read | March 21, 2025

The Depository Trust & Clearing Corporation (DTCC) recently earned a significant accolade—the inaugural Audit Innovator Award from global consulting firm Protiviti. This prestigious award was created to celebrate innovation in the internal audit profession, emphasizing the transformative power of creativity and problem-solving in crafting new, technologically advanced solutions.

Related: The strategic evolution of internal audit

DTCC’s Internal Audit Team was recognized in the Audit Strategy and Transformation category for their pioneering Digital Champion Leaderboard. This platform uses gamification to encourage digital-forward behaviors, motivating audit staff to implement efficiencies and promote innovative audit practices.

Arpit Shah, DTCC Executive Director, Internal Audit, remarked, “It is an honor to be recognized with the Audit Strategy and Transformation award. This award is a testament to our team's dedication to excellence and our commitment to transforming and advancing audit processes."

Protiviti's Audit Innovator Award program, supported by The Institute of Internal Auditors (IIA) and AuditBoard, seeks to inspire and highlight forward-thinking approaches that enhance audit processes and drive impactful changes. The announcement of the winners took place at the recent IIA’s Great Audit Minds 2025 conference in Kissimmee, FL.

Andrew Struthers-Kennedy, the Global Lead of Internal Audit consulting at Protiviti, presented the awards during a general session at the conference. "We are thrilled to celebrate the achievements of these outstanding innovators who have demonstrated exceptional creativity and dedication to advancing the internal audit profession,” shared Struthers-Kennedy “Their contributions are a testament to the power of innovation in driving business success and fostering a corporate culture of continuous improvement."

Struthers-Kennedy further emphasized the importance of transformation, noting, "In the pursuit of transformation, we believe any new perspective, adaptation, or evolution of an established practice can spark impactful change."

For more details about the 2024 Award winners and information on the 2025 application period, visit Protiviti.com.

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