There’s a palpable concern for the future among internal auditors. I wouldn’t quite call it anxiety, but there’s certainly some underlying angst about how the next few years will play out for internal auditors. There’s consternation, for sure, over how things like artificial intelligence, increasing digitalization, the data of everything, Read More
The Institute of Internal Auditors’ work on issuing a new version of its professional practice standards cleared an important hurdle this week, paving the way for their release in early January. The IIA’s committee in charge of the project, the International Internal Audit Standards Board (IIASB), voted to approve the Read More
GUEST BLOG POST As internal auditors, we provide assurance, advice, and insight on the system of internal controls over the more significant risks to enterprise objectives. Internal controls provide the basis, the foundation, on which management and the board rely as they manage and direct the organization to success. The Read More
Internal audit has certainly been through a tumultuous few years. At the beginning of 2020, we were barely talking about artificial intelligence and inflation. A global pandemic that would paralyze much of the corporate world for years was unthinkable. And new wars in Europe and the Middle East would have Read More
You will likely find the characteristic of being a good communicator, including the ability to listen well, on just about any list of the top traits of great internal auditors. Internal auditors are always conducting interviews and asking questions, but the real skill happens after a good question is asked—the Read More
As the saying—attributed to management guru Peter Drucker—goes, “You can’t manage what you don’t measure.” To drive performance, most functions need to measure their operations. In internal audit, some metrics, like the percent of the audit plan completed, often act as a starting point for assessing performance. At the same Read More
Chief audit executives (CAEs) have identified risk orientation, stakeholder management, and team leadership as the top three characteristics of the most effective individuals, according to a survey by Gartner. In April 2023, Gartner surveyed 114 CAEs across 180 areas to identify the most important measures of an effective CAE, and Read More
Last year, the Institute for Internal Auditors announced some changes it was making to its policies covering requirements for continuing professional education (CPE) credits to maintain certain certifications, including Certified Internal Auditor (CIA) and Certification in Risk Management Assurance (CRMA). Those changes to the Annual Certification Renewal Policy will go Read More
We all know the common expression, “you only get one chance to make a good first impression.” For internal audit, this chance often comes during the kickoff meeting. This introductory meeting will often set the tone for the entire audit. Its primary objective is to align the auditors and auditee Read More
Let’s be honest, sales and marketing skills may not always come naturally to members of the internal audit community. We often view ourselves as thorough, persistent, independent, brave—I could go on and on—but not sellers. Why is that? Why don’t internal audit leaders devote more time to developing sales and Read More
