As an internal audit practitioner since 2007 it has been my goal to make internal auditing more relevant and more effective in practice. During my time in the profession, and as a chief audit executive, I have noticed that there is a significant spread in the types of internal audit Read More
Evolution is a process of change. In recent years we have seen a significant change in the human resources auditing process, in the value derived from HR auditing, and in the tools that companies are using to audit HR. HR audits have evolved from a simple checklist of dos and Read More
If the last few years have shown us anything, it’s that we must be ready for the unexpected. From the disruptions of the global pandemic to soaring inflation, from political scandals to a war of aggression in Ukraine—life as we know it is changing. The public sector doesn’t exist in Read More
Internal audit spends most of its time assessing various functions and processes across the organization. But how well does it know itself? After all, Aristotle once said, “knowing yourself is the beginning of all wisdom.” Luckily, there is an accepted review process for assessment of internal audit, known as a Read More
GUEST BLOG: Imagine a world where internal audits were conducted by robots and auditees were also robots. A factual statement by the robot auditor is well received by the robot auditee in a complete, rational, and objective manner. There are no emotions, no ifs, and no buts, no tension. Unfortunately, Read More
It’s no secret that internal auditors and the managers of the units, departments, and functions they audit don’t always get along. After all, it’s not easy to embrace the idea of strangers coming into your offices, looking over your shoulder, sifting through your documents and data to find all the Read More
A new report finds that internal auditors are still largely working from home, and with the rise of the Omicron variant it looks like remote internal auditing will likely last well into 2022. The study, conducted by the Institute of Internal Auditors’ Internal Audit Foundation and audit technology provider AuditBoard, Read More
If 2020 was the “Year of Covid,” 2021 will go down as a year of trying to return to normal. In many ways we did get back some semblance of normalcy, as kids returned to school, fans returned to sports venues, and shops and restaurants reopened. Yet, in many other Read More
Many internal audit shops are adopting Agile project management principles in an attempt to create a more flexible, adaptive, and customer-oriented audit function. And while the results have been promising, expect a few bumps along the way. To be sure, Agile is not a revolution for internal audit, but a Read More
As Internal audit leaders go about their work, there are many decisions to make: How to assess risk? What to audit? How to acquire the expertise needed to execute certain audits? What audit technologies to adopt? How to build the internal audit team? And on and on. Sometimes we make Read More
