GUEST BLOG These are difficult days for many companies. Recent developments, including the economic downturn and other problems stemming from the coronavirus crisis, threaten the very existence of businesses across several industries, from airlines to retail, to manufacturing. With so much uncertainty and disarray, corporate boards and senior executives are Read More
Typically, internal auditors are marking their calendars and making travel arrangements at this time of year to attend a host of internal audit conferences, user forums, and seminars. This year things are different, of course, and few, if any, professional development events are taking place live. That doesn’t mean internal Read More
The Three Lines of Defense—a popular model for guidance on how to structure risk management responsibilities at companies—is getting a long-awaited makeover, and early analysis of the result has been mostly positive. On Monday, the Institute of Internal Auditors released its Three Lines Model, an update on the Three Lines Read More
GUEST BLOG Instituting and maintaining effective control systems is costly and challenging in even the best of times. Add in the instability that results from such difficulties as financial crises, regional political instability, pandemics, and others crises, and the costs and challenges are magnified. Effective control systems are costly because Read More
GUEST BLOG As the world became chaotic around us earlier this year, internal auditors were pushed to work remotely, upending a lot of the conventional wisdom about what an internal auditor’s job should entail. Similarly, external auditors found themselves in a completely new world. With clients closing their offices, audit Read More
GUEST BLOG The most recent macroeconomic developments have had a dramatic impact on global markets, forcing directors and management to demonstrate the capability to make very complex decisions in a timely and incisive fashion. Increasingly, the complexity of the economic environment reaffirms how important it is that the decision-making process Read More
GUEST BLOG As the COVID-19 crisis unfurled, I was rapidly confronted by clients’ requests to rethink the scope and approach of our internal audit activities for the coming months—and beyond. Many questions had to be answered quickly: Which audits are still relevant? Which audits should we postpone? Which audits are Read More
GUEST BLOG Coronavirus has escalated from a few isolated cases in a foreign country to a global pandemic affecting all aspects of American life. There is much we don’t know about how this pandemic will change our professional lives over the coming weeks and months. What we do know, however, Read More
There is no question that corporate America is facing one of the biggest crises it has ever faced. Indeed, the nation is facing the biggest crisis since 9/11 and possibly since World War II. Nothing has been as disruptive; shuttering stores, restaurants, hotels, and offices across the nation. The coronavirus Read More
Guest Blog As the situation regarding coronavirus (COVID-19) continues to deteriorate, we see businesses becoming stretched and challenged on multiple fronts. From the massive impact on supply chains, to staff availability, to a plunge in demand for products and services in hospitality, transportation, energy, and many other industries, the pandemic Read More
