The internal audit world was recently rocked by revelations emerging from FI Industries and its nationally famous internal audit department. What was, six months ago, an uplifting story of a talented audit group bucking the odds to reach national prominence has turned into an incomprehensibly bizarre situation involving fabricated personalities providing unsubstantiated evidence, assessments of control that appear to be based on nothing but false leads and phony documentation, and an audit department that was either the victim of an incredible hoax or the perpetrators of just as great a hoax. Currently, it is impossible to tell who is telling the truth and where that truth might actually lie. 

Every project that we undertake is something new…at least, it should be. I’ve told the joke before; I’ll tell it again:  Why did the auditor cross the road? Because he looked in the workpapers and that’s what they did last year. 

Hi, and welcome once again to WIIA – the home of all the internal audit hits. Today we’ve got a very special surprise – The Rolling Stones playing one of their biggest internal audit hits.

Have you ever heard of Earl Scruggs? Odds are that, if you have, then the only things you remember about him are that he played banjo on the theme song from The Beverly Hillbillies. If you know a little more, you know he was part of one of the great bluegrass groups, Flatt and Scruggs.   And if you know a little bit more, you may know he got his start with the most famous bluegrass musician of all time – Bill Monroe. But, if you really know something – if you really recognize the name Earl Scruggs – you know he is the father of the modern bluegrass banjo; you know he is the one that invented the three-fingered picking style you hear almost every time someone picks up a banjo.