When looking at most internal audit job postings, we generally see requirements of what a potential new internal audit hire should already know and less about the abilities they will need to succeed once they start the job. We all know from our own personal experience that a good job Read More
The Institute of Internal Auditors (IIA) has signed a Memorandum of Understanding (MOU) with the Vietnam Ministry of Finance (MOF) Accounting and Auditing Supervisory Department for cooperation and collaboration in establishing and advancing the internal audit profession in Vietnam. The IIA said, in a statement, that it is well-positioned to Read More
Along with the COVID-19 pandemic, 2020 and 2021 will be remembered as years when issues centered on racial justice captured the nation’s attention. The outrage stemming from the deaths of George Floyd, Ahmaud Arbery, Breonna Taylor, and others has sparked a reexamination of race issues and discrimination that many consider Read More
GUEST BLOG POST With the increased focus on adding value and using more technology in internal audits, the lines have been blurred somewhat on the role internal audit should play in the organization. Internal audit functions are undertaking a wide variety of tasks and spreading themselves thin as they try Read More
The Institute of Internal Auditors is considering revisions to its International Professional Practice Framework (IPPF), which acts as a set of practice and conduct standards for the internal audit profession. As part of an ongoing process, and to continue to meet the demands of internal audit professionals and the expectations Read More
A new book is calling for a faster and deeper transformation of the internal audit profession. The book, by Richard Chambers, president and CEO of the Institute of Internal Auditors, asserts that internal auditors must not only embrace change, but become a catalyst for transformation in order to be ready Read More
Most internal audit functions spend somewhere between 80 and 100 percent of their time doing traditional internal audits, generally known as “assurance work.” Yet, many also do some level of advisory work, and aspire to do more. Many chief audit executives fret over how to allocate internal audit’s limited resources Read More
A high-quality internal audit function can have a huge influence on a business. “Actually, we have a dual role to play,” David Jardine, senior vice president, internal audit at BP plc noted recently. “We’re a custodian of value for shareholders and we’re here to hold management to account. We help Read More
The pandemic has confronted many managers with the need to consider some belt tightening. Indeed, many organizations have been forced to delay capital investments, reduce inventory levels, furlough and lay off workers, and conduct other cost-cutting activities over the last months, as they worked to make ends meet. Internal audit Read More
Manufacturing firms are facing increased threats from cybercriminals targeting weaknesses in supervisory, control, and data acquisition (SCADA) systems. Regulatory bodies recognize the data security challenges that manufacturers face and have initiated various requirements and standards of operations meant to safeguard data. Non-compliant firms risk huge fines or even jail terms Read More
