The State Bank of Pakistan has issued some new standards for financial firms on internal audit and the oversight of the function. The new internal audit guidelines set forth several requirements for how the function is structured and governed. Banks and other companies that meet the state definition of a Read More
Guest Blog: Once upon a time, Little Red Riding Hood ventured out into the forest to visit her poor, sick grandmother. Along the way, she encountered a charming wolf, which gave her no cause for alarm. Although he asked countless questions about where she was going and distracted her with beautiful flowers, Read More
After accusations of wage discrimination against Google for underpaying women for doing similar jobs that men were doing, the tech giant began conducting internal audits in 2012 to look for pay disparity between the genders and with other minority groups. But Google didn’t stop there. It also set up a Read More
A seminal guide for structuring internal audit and carrying out internal audits is getting a refresh. First published in 1973, Sawyer’s Guide for Internal Auditors emphasizes the philosophy that internal auditors should watch for emerging trends. In this significantly revamped update, Sawyer’s Internal Auditing: Enhancing and Protecting Organizational Value, 7th Read More
Could a decades old management strategy that helped U.S. and European companies respond to the gains in quality made by Japanese manufacturers in the 1980s somehow help internal audit shops improve their game? The answer is yes, and not only can it improve internal audit, it can push the function Read More
As part of its continued efforts to put a series of massive scandals behind it, Wells Fargo recently outlined some changes it has made to how the internal audit function is structured, including adopting a more centralized system of internal audit. The troubled bank also named a new chief audit Read More
It’s been well established that internal audit must seek to add value if it is to prove its worth in the organization. In the first article in this series, “Many Internal Audit Failures Stem from Misalignment with the Company Strategy,” I defined the Internal Audit Value Chain (IAVC) and its Read More
Editor’s Note: This is part four of a six-part series on the Internal Audit Value Chain, which can act as a blueprint for building a successful internal audit function. Click here for the other articles in the series. Quality is such an important aspect to achieving success in business that Read More
The past year was a busy one for internal auditors. Most internal audit shops are still coming to grips with some big underlying shifts in internal audit. The biggest trend was the acceleration in the use of technology to fulfill internal audit’s objectives. The second theme of 2018 was finding Read More
Guest Blog Post by Norman Marks One of the findings in a new report by Deloitte, stated in their 2018 Global Chief Audit Executive research survey, is that only 33 percent of chief audit executives (CAEs) believe their internal audit function is seen in a positive light. This is awful, Read More
