There are few aspects of the chief audit executive (CAE) job that are more anxiety inducing than the executive session of a board or audit committee meeting. Audit leaders can often find themselves pulled in different directions, questioning their loyalties, and put in the precarious position of having to discuss Read More
As the saying goes, “you can’t make an omelet without breaking a few eggs.” It’s likely an expression internal auditors have heard or even used themselves to characterize the tension that can result from auditing a particular function or process. The role of internal audit is to provide independent assurance Read More
Working virtually means doing business differently, but it doesn’t mean that internal auditor development should stop. Team learning is as critical and attainable as ever. Developing the skills of the internal audit team is critical to executing the audit plan and contributing to auditor satisfaction. Internal auditors who feel their Read More
Whether you opt for remote audits during the ongoing COVID-19 outbreak or for other reasons, there is no denying that there are some unique obstacles to overcome. Remote internal audit work may facilitate distractions, unforeseen work schedules, or even a decline in your internal audit team’s productivity. With that in Read More
When asked to reflect on the COVID-19 pandemic during on a recent interview on CNBC, Salesforce CEO Marc Benioff remarked, “the business of business can no longer just be business.” Rather, he said, it must be to improve the state of the entire world. What might have been a controversial Read More
As companies look to reopen facilities and make accommodations for operating under the “new normal” of doing business during the coronavirus pandemic, internal audit leaders are assessing the risks and helping their organizations prepare to unlock the doors. Some are still just trying to get their bearings. “I’ve been through Read More
By now, it’s clear to most internal auditors and to those who follow the profession that internal audit is changing very rapidly. The strategies that have worked in the past will no longer be enough to carry out internal audit’s new mandate. Boards and senior management expect internal audit shops Read More
These are strange days. Many of us may feel like we are living out a dystopian movie as we walk around the neighborhood waving to neighbors, but knowing we can’t stop to chat and must keep at least six feet away. Grocery shopping has become an act of courage, and Read More
One of the things we will all remember long after the Coronavirus Crisis is over—apart from the horrible loss of life, of course—is the extended period of everyone working from home. We’ll remember the kids and pets making appearances on Zoom calls, scoping out the items on everyone’s bookshelves in Read More
It’s time for internal auditors to think differently. That’s not a new assertion, precipitated by the challenging times the coronovirus pandemic has wrought; companies have been in period of radical change for some time, and corporate leaders, internal audit experts, indeed internal auditors themselves, have implored the profession to change Read More
