The COVID-19 pandemic has affected many aspects of both professional and non-professional life, and its impact on internal audit has been unmistakable. In fact, a recent survey found that more than half of governance, risk management, compliance (GRC), and internal audit professionals say that their workload has increased significantly since Read More
Investors and regulators are pushing for more comprehensive and uniform reporting on environmental, social, and governance (ESG) efforts. Some organizations are even tying incentive compensation metrics to ESG goals. In March, the Securities and Exchange Commission said it would be looking more closely at ESG disclosures and also announced the Read More
May is Internal Audit Awareness Month. To celebrate the occasion, I am sharing my top five best practices for writing good internal audit reports. Internal audit reports are changing rapidly, from a stodgy, long and boring report that is partly there to serve as evidence that you conducted an audit, Read More
GUEST BLOG POST When I became a chief audit executive (CAE) for the first time in 1990, I determined that a risk-based internal audit approach was not sufficient. A risk-based approach focuses on how well management can handle a potentially bad event or situation. It assesses the design and operation Read More
Supporting greater attention on the important issue of sustainability, The Institute of Internal Auditors (IIA) delivered a message to U.S. Securities and Exchange Commission Chair Gary Gensler last week, encouraging uniform climate disclosure by corporations and recognition of the role internal audit plays in providing assurance around complete, accurate, and Read More
The recent hack of the Colonial Pipeline, which has crippled the transmission of fuel in the Southeast United States, serves as a stark and alarming reminder to all businesses of the vulnerability of information systems to security breaches, hacks, and ransomware attacks. Over the last several years, most businesses have Read More
A common knock on internal audit is that, as a whole, it is slow to adopt new technologies to run its activities faster and more efficiently. Now a new report is putting some data behind such suppositions. According to a survey of internal audit leaders conducting by Protiviti, chief audit Read More
The Securities and Exchange Commission has charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the action. According to the Read More
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
When looking at most internal audit job postings, we generally see requirements of what a potential new internal audit hire should already know and less about the abilities they will need to succeed once they start the job. We all know from our own personal experience that a good job Read More
