Editor’s Blog Former Enron CFO Andy Fastow was at the center of one of Corporate America’s most notorious frauds. He helped orchestrate the series of off-the-books special purpose entities that enabled Enron to hide its failings and propped the company up before its inevitable collapse. For his part in the Read More
Guest Blog: Once upon a time, Little Red Riding Hood ventured out into the forest to visit her poor, sick grandmother. Along the way, she encountered a charming wolf, which gave her no cause for alarm. Although he asked countless questions about where she was going and distracted her with beautiful flowers, Read More
GUEST BLOG One thing I know for certain … the times they are a-changin’ … and internal audit is no exception. I spent the last several months interviewing many chief audit executives (CAEs) from all over the world to gain a better understanding of the current state of internal audit. Read More
GUEST BLOG POSTIt’s human nature to rush to judgment. We take the information we are presented with and fill in the gaps and unknowns with assumptions based on our experiences and intuition. This is how our brains are wired. Not only is it usually beneficial to make these kinds of Read More
Guest Blog PostThere’s been no shortage of criticism of the role of internal audit over the years. We’ve heard them all: Those who can’t do, audit; The department of “no;” Corporate America’s hall monitors; and many others. Some have had a tint of validity, but most demonstrate a fundamental misunderstanding Read More
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
