Tag: Audit Committee

Tim Berichon

A Q&A with Tim Berichon
CAEs Should Follow a Three-Step Process to Achieve EQA Conformance

On By Gartner

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

Whom should the CAE report to?

Reporting Lines: Whom Should Internal Audit Leaders Call Boss?

On By Hal Garyn

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

internal audit communication with board and audit committee

Improving Internal Audit’s Communication with the Audit Committee

On By Nirpendra Ajmera, Mark McEvoy, and Megean Ward

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

Compliance in the boardroom

The Top Five Boardroom Issues Compliance Officers Should Be Discussing

On By Amy Pawloski

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

Metrics that Matter: Measuring Internal Audit’s Performance

On By Karen Kroll

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

setting audit priorities

What companies are putting on their 2023 internal audit plans.
Internal Audit ‘Hot Spots’ for 2023

On By Leslee McKnight

The past year concentrated attention and shone a spotlight on the increasing fragility of organizations. With a complex set of risks manifesting simultaneously, audit committees are prioritizing some of the most serious implications resulting from the ongoing war in Europe and a triple squeeze of supply chain, workforce and inflation Read More