GUEST BLOG POST One of the biggest challenges for any chief audit executive or head of risk management is getting and maintaining the respect of senior management and other top executives. I want to share some tactics that worked for me, as well as where I failed to earn that Read More
The Institute of Internal Auditors has announced the launch of the Global Audit Committee Center, dedicated to offering thought leadership, strategic insights, and resources to help boards and audit committee members strengthen and advance governance excellence. Designed to support and empower corporate audit committee and board members, the IIA says Read More
GUEST BLOG POST For several years following the start of the COVID pandemic, the Institute of Internal Auditors’ “North American Pulse of Internal Audit” reported that internal audit department budgets were dropping. While the 2024 survey reported improving internal audit budgets, the 2025 survey once again raised concerns that internal Read More
External quality assessment (EQA) has evolved with the new Institute of Internal Auditors (IIA) standards, and chief audit executives must develop a strategic plan to bridge any gaps in conformance. The standards set a more stringent benchmark for audit departments undergoing an EQA. Tim Berichon explained to research and advisory Read More
GUEST BLOG POST Internal audit plays a unique role in the modern organization. While its leader, the chief audit executive, is usually part of the executive team, it is also expected to play an oversight role in assuring that functions and processes are performing as they should. That oversight role Read More
A strong relationship between internal audit leaders and the board and audit committee is essential for the department to accomplish its objectives and provide value to the organization. Yet, so many internal audit leaders don’t work at improving communications with the board or make it a point to build strong Read More
GUEST BLOG POST Lately, I’ve been reflecting on my experience presenting compliance updates to boards, both during my industry days and now as a consultant. One thing that consistently frustrates me is seeing compliance officers deliver presentations that are completely reactive. The focus is always on the number of investigations Read More
Still locking into an annual audit plan? Stop. Risks move too quick to be addressing last year’s concerns as many as six, ten, or more months after the fact. Would you plan your whole week’s wardrobe based on the weather report at the start of the week and not waiver Read More
GUEST BLOG POST At well-governed public companies, the decision to remove a chief audit executive (CAE) is ideally made by the audit committee of the board of directors, especially if the removal is “for cause” or performance. In the real world, though, that’s rarely the case. In practice, CAEs are Read More
As the saying—attributed to management guru Peter Drucker—goes, “You can’t manage what you don’t measure.” To drive performance, most functions need to measure their operations. In internal audit, some metrics, like the percent of the audit plan completed, often act as a starting point for assessing performance. At the same Read More
