PCAOB Board Member Clears the Air About SOX and the External Auditors

Posted on Mar 29, 2014

Board Member Jeanette Franzel spoke on the 26th at the IIA’s GAM conference on the topic of “Effective Audits of Internal Control in the Current “Perfect Storm.” The full text of her speech has been posted by the PCAOB. 

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An Internal Auditor Recommended Taking More Risk

Posted on Mar 22, 2014

Something like 20 years ago, during my first years as the CAE of a major oil refining company, one of my staff (I only hired audit managers at that time and she was the most senior of the three) was working on an audit of Treasury. The Treasurer was a senior member of the Finance team, highly respected by company leadership. So it was important that we make a good impression in this first audit of his area.

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Transforming Internal Audit Through Critical Thinking

Posted on Mar 15, 2014

Congratulations to KPMG for taking on this topic in a new publication (PDF)! I have been a big believer in the need for internal auditors to become better at using their native assets, writing about using their eyes, ears, and the space in between.

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What Are the Characteristics of a World-class Risk Management Function?

Posted on Mar 8, 2014

In a short video, Watson Wyatt’s ERM Services Leader asserts that these are the characteristics of a world-class risk management function. 

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Deloitte and the Risk-Intelligent Chief Audit Executive

Posted on Mar 1, 2014

The latest addition to the excellent Risk Intelligent series from Deloitte talks about how the head of the internal audit function (chief audit executive or CAE) can be a driver of risk excellence within an organization. 

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