Is Internal Audit Losing Value? Not So Fast, My Friend!

Posted on Apr 29, 2014

I recently spotted the headline “Is Internal Audit Losing Value?” in a respected business journal. It was for an article based on survey results in one of the multitude of white papers on the internal audit profession that come out around the first quarter each year. Researchers indicated that a greater number of managers are questioning whether they receive “significant value” from internal audit.

continue reading...

Managing Perceptions: What Should Internal Auditors Say on the Elevator?

Posted on Apr 21, 2014

I was recently interviewed about internal auditing by Federal News Radio, an AM and Internet station out of Washington, D.C. That interview was a great opportunity to represent the internal audit profession, but it also turned out to be an important reminder for me about just how internal auditors are often perceived.

continue reading...

5 Risks That Should Be On the Internal Audit Radar - Now!

Posted on Apr 14, 2014

Generally speaking, I think internal auditors do a good job of assessing risks and developing risk-based audit plans. But there is always a danger that unfamiliar risks may be overlooked or that rapidly emerging risks will render even the best crafted audit plans obsolete. If you typically undertake risk assessments only once or twice a year, you may not have incorporated several risks that have suddenly burst onto the radar of management or the board of your organization.

continue reading...

Changing Times, Changing Priorities: Are We Passing the Test?

Posted on Apr 7, 2014

On the surface, opportunities for internal auditors seem to be better than ever, with great prospects for career advancement. We are in a growing field and, because turnover rates are relatively high, new supervisory and management positions are constantly becoming available. As well, internal auditors are able to make important job contacts through their organizations, and many doors are open to us.

continue reading...