Even before the coronavirus outbreak, it was clear that in today’s hyper-connected world, risks are moving faster than ever. As we see with the pandemic, a catastrophic event or set of circumstances can spring up quickly and change everything. While the coronavirus crisis brings with it a special set of Read More
For internal auditors, there may be nothing as frustrating as going back to an audit and finding the same deficiencies and problems year after year, audit after audit. It’s not uncommon for process owners and units to ignore audit findings and fail to make the recommended changes or fixes. When Read More
GUEST BLOG Nearly every internal auditor has a few stories to tell about audits that have gone off the rails. Most have encountered audit clients that can run the gamut from guarded, to uncooperative, to out-right hostile. Breaking through these difficult working environments and putting audit clients at ease is Read More
Cyrptocurrencies, like Bitcoin and Ethereum, have their supporters and their naysayers. No matter what you think about the usefulness of these virtual currencies, however, their emergence has given rise to an underlying technology that nearly everyone agrees will be invaluable to the future of finance and accounting: Blockchain. While blockchain Read More
It’s February and the holidays are behind us, winter is in full swing, and many of our New Year’s resolutions to get to the gym more often or do a better job saving money have fallen by the wayside. It’s not too late, however, to set some goals for internal Read More
The Chartered Institute of Internal Auditors released its long-awaited new Internal Audit Code of Practice, to serve as a guide to practices and standards of internal audit professionals in the United Kingdom and Ireland. The professional organization says the new code will increase the effectiveness of internal audit functions and Read More
F or many internal auditors, 2019 was a transitional and eventful year. Most internal audit shops are still coming to grips with some big underlying shifts in internal audit. The biggest trends continue to stem from the acceleration in the use of technology to fulfill internal audit’s objectives. Some other Read More
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
