Auditors of all stripes—internal and external—have long faced a bit of a catch 22: bring to light problems that cast management in a bad light and risk retaliation, or look the other way and suffer a loss of integrity and jeopardize the organization. Good auditors, of course, generally go the Read More
The Institute of Internal Auditors has issued new guidance on auditing social media. The paper, “Auditing Social Media: Adding Value by Improving Governance,” examines internal audit’s involvement in the implementation and evaluation of social media strategy. Audit executives can assess organizational social media capabilities and social media’s role in the Read More
GUEST BLOG Congratulations! You’ve landed your first job as an internal auditor, either as a young person starting your career in an exciting profession or as someone who is transitioning into internal audit from elsewhere in the organization. Either way, you are about to embark on an interesting and rewarding Read More
The Institute of Internal Auditors’ Core Principles for the Professional Practice of Internal Auditing, taken as a whole, characterize the effectiveness of the internal audit activity. The IIA has now released a new practice guide to help internal auditors further apply the principles in their work as auditors. According to Read More
Look over any list of big-company chief audit executives, and you will see several that also have the title of chief compliance officer, head of risk management, and other roles. With so much responsibility already residing with those who oversee internal audit, it’s a wonder they have time for anything Read More
Editor’s Note: This is the first in an occasional new series we are calling “Conversation Starter.” In each segment we will offer a brief take on a particular internal audit issue, along with a plea to you, our readers, to provide your own experiences and views in the comments section Read More
The IIA, in collaboration with the Internal Audit Foundation and Crowe, conducted a limited survey of IIA members to get a read on current understanding and preparedness around their role in adopting blockchain. The resulting report, Blockchain and Internal Audit, answers the question, “What steps, if any, should the profession Read More
GUEST BLOG My journey into the internal audit profession has had many twists and turns, but along the way I’ve learned a great deal and improved, not just as a professional, but also as a person. As an advocate for the internal audit profession, I’ve encouraged young people to pursue Read More
Ten things that internal audit can do when working with compliance to leverage the qualities of both functions There has been plenty written about the relationship between internal audit and compliance—from analyzing functional differences to advocating integration between the two. This continued discussion is mainly because the two functions have Read More
The Society of Insurance Broking (SIB), a U.K.-based professional association, has issued a new guide for internal auditors to reinforce the hallmarks of a well-structured internal audit function in the industry. While the practice guide is aimed at insurance brokerage firms, it highlights some best practices that are valid for Read More
