GUEST BLOG POST A few years ago, I was privileged to be a member of the Institute of Internal Auditors’ Relook Task Force. It had a couple of objectives, including reviewing the Definition of Internal Audit (which it decided did not require updating, although we did decide to add a Read More
For many internal auditors, the audit committee is a bit of an enigma. Most of us help the chief audit executive (CAE) or other internal audit leader with materials and content to provide to this subgroup of the board of directors. Much of our work, in summary fashion, ends up Read More
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
Not long ago, I was playing a game of football (which I will reluctantly refer to here by its given name in the United States—“soccer”) with some colleagues in a tournament organized by my company. As we huddled, waiting for the match to begin, our coach remarked, “we won’t find Read More
Internal auditors are getting bullied and sanctioned when they present uncomfortable findings to management and the recent Star Casino money launderingcase is just one example, according to a survey by the Australian chapter of the Institute of Internal Auditors. One in seven internal auditors – 14 per cent – said Read More
Let me start by saying, this is a touchy subject. While there is very little debate that the head of internal audit, usually the chief audit executive (CAE), should report functionally to the board (usually the audit committee of the board), there are some strong opinions on where it should Read More
Amid growing concerns over governance issues, India fintech company BharatPe announced that it would be conducting an independent audit of its internal process and systems. The development comes just days after its founder Ashneer Grover took voluntary leave after an audio clip surfaced that exposed a fight between Grover and Read More
The overall effectiveness of corporate governance among publicly traded companies declined slightly in 2021, according to data from the third annual American Corporate Governance Index (ACGI) from the Institute of Internal Auditors and the Neel Corporate Governance Center at the University of Tennessee, Knoxville’s Haslam College of Business. Managing change Read More
GUEST BLOG POST With the increased focus on adding value and using more technology in internal audits, the lines have been blurred somewhat on the role internal audit should play in the organization. Internal audit functions are undertaking a wide variety of tasks and spreading themselves thin as they try Read More
The Institute of Internal Auditors, an internal audit professional association, has launched a new tool specifically designed to give boards and audit committees assurance that internal auditors are performing their job effectively. The assessment tool offers suggestions for issues to be addressed in an evaluation based on established best practices. Read More
