Richard Chambers, CIA, CGAP, CCSA, CRMA, is president and CEO of The IIA. In his blog, he shares his personal reflections and insights based on his more than 30 years of experience in the internal audit profession.

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.

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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.

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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.

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American Center for Government Auditing: A Platform for Guardians of Public Trust

Posted on Mar 30, 2014

Government auditors often don’t get the respect they deserve. Not only do they contend with notoriously tight budgets and limited staff, but they also work in a politically charged environment where policies and procedures often are anchored in the shifting sands of political will, rather than in best practices. Doing the right thing can be especially difficult when it runs counter to a popularly held opinion. As I have noted before, we all have an interest in their success, because they are “the guardians of public trust.” 

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10 Vital Lessons From the Audit Trail

Posted on Mar 23, 2014

Over the years, I have sought to use this blog to offer critical imperatives that I believe internal auditors needed to address. Sometimes, these were strategic. Sometimes, they were tactical. Many of the blog posts were drawn from my experiences as an internal auditor and chief audit executive. I recently took the next step and assimilated the lessons I’ve learned throughout my career into a book. Lessons Learned on the Audit Trail is being released this week by The IIA Research Foundation.

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The Amazing Growth of Internal Auditing in the Middle East

Posted on Mar 17, 2014

In the 73 years since The Institute of Internal Auditors was founded, our profession has grown at a remarkable rate. But as with all occupations, internal auditing has had its ups and downs. The pace has never been steady and, at times, activity has been greater in some industries or geographic regions than in others.

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Five Things the Audit Committee Won't Tell Internal Audit

Posted on Mar 10, 2014

Most audit executives work hard to develop open relationships with their audit committee members. The effort generally pays off. Regardless of how hard we work at fostering openness and honesty, however, some audit committee members may not be comfortable telling us everything that’s on their minds. Sometimes, they simply may not know enough about internal audit to know what we are capable of, and sometimes they are simply trying to spare our feelings. But often, it’s the things they don’t or won’t say that we most need to hear. 

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Being the Corporate Conscience: Where are the Boundaries?

Posted on Mar 3, 2014

My colleague and fellow InternalAuditorOnline blogger Norman Marks recently wrote that "Internal Auditors Should Be Brave," meaning they should not hesitate to speak up about the things that need to be said, even if they face the prospect of retribution. 

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Feed a Fever, Starve an Internal Audit Function

Posted on Feb 20, 2014

Earlier this week, I came across an article that discussed an ongoing dispute in Delaware over funding of the State Auditor’s office. Partisan politics appear to be at the root of a debate over more than US $2.5 million sought by the State Auditor to make his auditors’ pay scale more competitive. The title of the article, “Delaware Auditor: Low Pay Could Muzzle ‘Watchdogs’,” might be a bit sensational, but don’t underestimate the effectiveness of purse strings toward containing internal audit functions in government or the corporate sector.

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Has It Been 5 Years Already?

Posted on Feb 11, 2014

This week marks the fifth anniversary of this blog, which I launched only days after joining The IIA’s Global Headquarters as president and CEO. It was a time of huge challenges amid the worst economic crisis since the Great Depression. The IIA, subject to the same pressures as our members, was exploring how to navigate the financial challenges we faced. And, while I acknowledged the obstacles ahead in that first blog, even then I could see potential and opportunity — for our members, for our global association, and for the internal audit profession as a whole. 

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