February 9, 2011

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CAE Bulletin

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The CAE Bulletin is a semimonthly newsletter published as a benefit of membership in The IIA’s new program for chief audit executives, the Audit Executive Center. This newsletter features the latest in news and guidance designed to help CAEs respond to today’s business challenges and opportunities, with links to resources needed to stay current with the most pressing audit issues.

We appreciate your continued readership of the CAE Bulletin to help you stay current with the most pressing audit issues. As you know, The IIA’s new program for chief audit executives, the Audit Executive Center, launched in late 2010 in response to our membership’s call for more targeted information to help chief audit executives enhance their value to their organization and stakeholders. The CAE Bulletin is now a benefit of membership in the Audit Executive Center and will only be available to members of the Center after this issue. We hope you decide to continue your readership of this valuable resource and join the more than 330 CAEs who have already become members of the Center. To read more about the Audit Executive Center and its many benefits for you and your staff, please click here.

In This Issue 

A Survey of C-level Leaders of Diverse Global Organizations Yields a Trove of IT Benchmarking Data
The wide-ranging survey report from the research arm of ISACA explores topics ranging from the perceived value of IT to the organization and the maturity of its IT governance practices to “topics of special interest” such as IT outsourcing, cloud computing, and social networking. 

Positive Cultures Yield Positive Business Outcomes, but Achieving Them Is Neither Fast nor Easy
An insightful article recently published by the global consultancy Booz & Company explores what culture is and why it matters, and presents change imperatives and a change-management framework suitable for adoption by CAEs and other executives. 

Now May Be an Appropriate Time to Audit Succession Planning and Leadership Development
A recent survey by the American Management Association finds that just 14 percent of senior managers judge their organization to be well-prepared to deal with the loss of key leaders, and recent developments at Apple show how vital this process is to uninterrupted business success.  

Blue Ribbon Panel Calls for Modifications to Accounting Standards for U.S.-based Private Companies 
A new report from a group largely comprising users of U.S. private company financial statements calls for the creation of a new standards-setting board and a framework to decide the need for exceptions and changes to current and future Generally Accepted Accounting Principles for closely held enterprises.

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