Guest Blog Post by Norman Marks One of the findings in a new report by Deloitte, stated in their 2018 Global Chief Audit Executive research survey, is that only 33 percent of chief audit executives (CAEs) believe their internal audit function is seen in a positive light. This is awful, Read More
Professional standards are often interesting documents. Typically they offer a set of core principles that are intended to act as a beacon of light to guide behaviors and decision-making among the noble practitioners and workers who toil under the given occupation’s collective flag. These professional standards or codes of conduct Read More
Some talk about opportunity as “the other side of the coin” from risk. One is good and the other bad. That is how COSO views the two words, risk and opportunity. ISO sees them differently, though, defining risk as the effect on objectives. That effect could be positive or harmful. Read More
Tone at the top is about humanity and not about words like compliance and regulation. It is about doing the right thing and we all know what that is in our hearts. It is about treating people with dignity and respect.
The following is a guest blog by internal audit Roger Ngong. If you would like to contribute to Internal Audit 360°, please read our contributor guidelines. Let’s talk about trust. Trust is the one indispensable thing in our work as internal auditors, the relationships in our lives, and very likely Read More
OK, so it might not quite have the gravitas of Breast Cancer Awareness Month (October) or Black History Month (February), but May—along with being associated with celebrating motherhood—is Internal Audit Awareness Month. The goal of the campaign is to raise awareness and showcase the internal audit profession in a positive Read More
In a hyper-partisan world, companies can easily get pulled into political battles, risking alienating customers and suffering reputational damage. It’s time to assess the risks and get it on your risk radar. For internal auditors, political risks have generally meant keeping an eye on the geo-political changes in countries where Read More
Internal audit can add value in non-traditional areas, but fundamentals must take priority. It’s true that most internal audit shops have embraced some profound changes in the past few years. The biggest transition has been, of course, to turn internal audit’s powerful ability to assess processes and evaluate controls on Read More
Nearly all large companies have well-considered sexual harassment policies and training on the issue, but many still have big problems in the area. Why? Because the culture of some organizations, set by the behavior of senior executives and managers, undermines those policies and training programs. This fact has important implications Read More
