Lessons for Internal Auditors From the Lehman Brothers Saga

Posted on Mar 26, 2010

The facts are still unfolding from the Lehman Brothers story. As a reminder, they filed for bankruptcy on September 15, 2008 - the largest bankruptcy filing in US history, with Lehman holding over $600bn in assets.

The story raises important questions for internal auditors, and should be required reading and consideration for every internal audit executive.

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Companies Share Success Stories After Implementing Solutions for GRC

Posted on Mar 18, 2010

This week, my company, SAP, hosted a roundtable where three executives talked about the successful implementation of solutions for governance, risk, and compliance (GRC) at their companies and answered questions from media. The technology that these companies used was from SAP, but other vendors have products that would have produced similar results.

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Lehman and E&Y: The Examiner's Report Sparks a Flurry of Issues and Questions

Posted on Mar 15, 2010

If you haven’t already read at least the executive summary of the bank examiner’s report regarding Lehman Brothers' demise, you should. A New York Times story covers some of the main points and contains links to the 2,200-page document.

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Updating IIA Guidance on Continuous Auditing/Monitoring

Posted on Mar 8, 2010

Peter Millar (of ACL Services) is leading a small team (Brad Ames of HP and myself) in a project to update the Global Technology Audit Guide (GTAG) on Continuous Auditing. This is a routine update, such as we go through for all IIA guidance, but it provides the opportunity to upgrade the current guidance.

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My Ideal Internal Audit Department

Posted on Mar 3, 2010

How about these as attributes of an ideal internal audit department?

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What Is Assurance? Does Your Department Provide It?

Posted on Mar 1, 2010

I want to take two views in answering this question — the first is from day-to-day living, and the second is from The IIA's International Standards for the Professional Practice of Internal Auditing (Standards).

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