As more Americans receive vaccinations and the rate of COVID-19 cases steadily declines, more companies are planning for employees to return to their offices. Even as they do, work promises to look different than it did before many started working from their dining room tables and basements. Perhaps nowhere is Read More
GUEST BLOG Remote internal auditing is largely a product of the pandemic, an invention mothered by necessity as audit teams were forced to work remotely and travel was restricted. It is becoming clear now, though, that they are here to stay. I must admit that not all of us were Read More
The COVID-19 pandemic has affected many aspects of both professional and non-professional life, and its impact on internal audit has been unmistakable. In fact, a recent survey found that more than half of governance, risk management, compliance (GRC), and internal audit professionals say that their workload has increased significantly since Read More
Investors and regulators are pushing for more comprehensive and uniform reporting on environmental, social, and governance (ESG) efforts. Some organizations are even tying incentive compensation metrics to ESG goals. In March, the Securities and Exchange Commission said it would be looking more closely at ESG disclosures and also announced the Read More
May is Internal Audit Awareness Month. To celebrate the occasion, I am sharing my top five best practices for writing good internal audit reports. Internal audit reports are changing rapidly, from a stodgy, long and boring report that is partly there to serve as evidence that you conducted an audit, Read More
GUEST BLOG POST When I became a chief audit executive (CAE) for the first time in 1990, I determined that a risk-based internal audit approach was not sufficient. A risk-based approach focuses on how well management can handle a potentially bad event or situation. It assesses the design and operation Read More
Supporting greater attention on the important issue of sustainability, The Institute of Internal Auditors (IIA) delivered a message to U.S. Securities and Exchange Commission Chair Gary Gensler last week, encouraging uniform climate disclosure by corporations and recognition of the role internal audit plays in providing assurance around complete, accurate, and Read More
A bleak analysis of the Denver Regional Transportation District’s (RTD) internal audit division was shared earlier this month with RTD’s board, which pledged to make immediate changes. The report, conducted as a peer review by the American Public Transportation Association (APTA), did not pull punches. The report listed 17 Read More
President Biden signed an executive order Wednesday aimed at hardening the federal government’s cybersecurity defenses, as his administration tackles a slew of overlapping cyber hacks, including a ransomware attack on a major fuel artery that has caused gas shortages in at least seven states across the Southeast. The executive order Read More
AuditBoard, a cloud-based platform for managing audit, risk, and compliance programs, announced that it is partnering with former president and CEO of the Institute of Internal Auditors, Richard Chambers. He will hold the role of senior internal audit advisor at AuditBoard. “This relationship establishes a dynamic pairing of two industry Read More
