GUEST BLOG May is International Internal Audit Awareness Month. Each year, the internal audit community supports efforts to spread the word about the great work that internal auditors do at their companies, public entities, and organizations. The aim is to promote the profession, dispel misconceptions, and remind everyone of the Read More
GUEST BLOG POST With the increased focus on adding value and using more technology in internal audits, the lines have been blurred somewhat on the role internal audit should play in the organization. Internal audit functions are undertaking a wide variety of tasks and spreading themselves thin as they try Read More
GUEST BLOG POST Last spring, I read an article on using automation technologies, such as robotic process automation (RPA) and process mining, in internal audit. It was an eye-opening experience. In all fairness, I had not really put RPA into practice at that time. I had read about it and Read More
GUEST BLOG What is risk appetite? It is defined by COSO as the “amount of risk, on a broad level, an organization is willing to accept in pursuit of value.” Before analyzing that nebulous statement, it is useful to consider why we are even thinking about risk appetite statements. Basically, Read More
Certainly, 2020 will go down as the “Year of Covid,” when a pandemic disrupted our personal and professional lives as no other force we have seen in most of our lifetimes. From an internal audit perspective, it meant scrambling to help the organizations we work for stay on their feet Read More
GUEST BLOG: Here is an obvious point—internal controls are intended to ensure compliance with relevant policies and procedures. Internal controls are not just for show, or not just limited to financial reporting. A compliance program is a subset of a company’s internal controls. So, all this is well and good. Read More
Guest Blog With most office workers still toiling from the confines of their home offices and kitchen tables, and some unhappy with their current circumstances, many organizations are concerned about the potential for a rapid rise in fraud. The global economic contraction has hurt employee morale and has heightened vulnerability Read More
GUEST BLOG For years, leaders in the internal audit profession have talked about the proverbial “seat at the table.” They envisioned internal audit having place at the table when some of the most important decisions are being made at the highest levels of the organization. Some chief audit executives and Read More
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
