Tag: Internal audit skills

Determining What Rises to the Level of an Internal Audit Observation

GUEST BLOG POST During a recent audit, I encountered a conflict with a senior internal audit team member regarding the finalization of an audit observation. This team member was keen to incorporate insights from a market survey and customer feedback into our report, specifically calling out concerns over the company’s Read More

Collaborative internal audit

Constructing a More Collaborative Internal Audit Team

GUEST BLOG POST Internal Audit teams today face mounting pressure to address emerging risks, adapt to rapid technological changes, and meet rising regulatory demands, all while demonstrating audit value with limited resources. One way to meet these challenges is through greater collaboration both within the internal audit team and with Read More

What to Look for During an Internal Audit of the Procurement Process

As we saw during the supply-chain disruptions that occurred during and directly following the COVID-19 pandemic, procurement is a critical and fundamental component for just about any organization. A well-managed procurement function can move an organization toward success, while a mismanaged one has the potential to cause its downfall. It Read More

Is Internal Audit Being Asked to Do too Much?

From supply chain disruptions to cybercrime; from environmental concerns to labor shortages, the list of challenges confronting most companies has evolved quickly and dramatically over the past few years and even months. Such speedy developments are expanding the types of risks many internal audit departments must identify and assess. Given Read More

how internal audit adds value

Conversation Starter:
Top Ten Ways Internal Audit Can Truly Add Value and Improve Operations

The aim of internal auditing is to add value and improve organizational operations, assisting companies in achieving their goals. Based on years of practical experience, I believe that clearly defining the specific values of internal auditing is the prerequisite for maximizing its effectiveness. The ten major values that internal auditing Read More

Report: Changing Risks Will Require Shift in Internal Audit Hiring

Recruitment and hiring strategies for internal audit must evolve to ensure the profession keeps pace with a changing risk environment, according to the results of a new report ‘Fueling the Internal Audit Student Talent Pipeline: Perspectives from Educators and Practitioners’ published by the Internal Audit Foundation. The report finds the Read More

Choose words carefully

Why CAEs Must Choose Their Words Carefully to Preserve Independence

GUEST BLOG POST I believe just about every internal audit executive would agree with me that our independence from management is critical. We need to be able to operate without undue interference from management. That means that they are not able to stop or change our audit reporting, our opinions, Read More

IIA Adds Cameroon to Its Global Federation of Nations

The Institute of Internal Auditors, a global professional association for the internal audit profession, has announced the approval of Cameroon as the latest country to join its global federation, further expanding its international footprint. As an approved institute, Cameroon now has a legal framework to support internal auditors in its Read More